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Infrastructure

RayBot

# RayBot Supply-side fees Methodology

## 1. Overview

Supply-side fees represent the portion of total protocol fees that are distributed to liquidity providers, validators, or other supply-side participants who contribute resources to the protocol. For Raybot, a Solana-based protocol, supply-side fees are consistently zero, indicating that all collected fees are retained by the protocol rather than shared with supply-side participants.

## 2. Data sources

- **Solana native transfers**: SOL transfer events on the Solana blockchain, specifically transfers directed to Raybot's designated fee collection addresses
- **Token price feeds**: End-of-day SOL/USD price data for currency conversion
- **Fee collection addresses**: Hardcoded Raybot fee collection address (`4mih95RmBqfHYvEfqq6uGGLp1Fr3gVS3VNSEa3JVRfQK`) used to identify fee-generating transactions

## 3. Step-by-step calculation

### Component A: Fee collection identification
- **Purpose**: Identify and extract fee payments made to Raybot protocol
- **Logic**: Extract all native SOL transfers where the recipient address is Raybot's fee collection address (`4mih95RmBqfHYvEfqq6uGGLp1Fr3gVS3VNSEa3JVRfQK`). Filter out transfers where the transaction signer is the fee collection address itself to avoid counting internal protocol transfers or administrative movements. Each qualifying transfer represents a fee payment to the protocol.
- **Key fields**: `block_timestamp` for timing, `transaction_id` for uniqueness, `transaction_signer` for filtering, `amount` in lamports (SOL's smallest unit)

### Component B: Fee aggregation and conversion
- **Purpose**: Calculate daily total fees in USD
- **Logic**: Convert SOL amounts from lamports to SOL by dividing by 1e9 (1 SOL = 1 billion lamports). Group transfers by day using timestamp truncation to daily boundaries. Sum all fee amounts for each day to get total daily fees in SOL. Convert the SOL fee amounts to USD using end-of-day SOL price feeds.
- **Key fields**: Daily aggregated `fees` in SOL, converted to `fees_usd` using price conversion

### Component C: Supply-side allocation
- **Purpose**: Determine the portion of fees distributed to supply-side participants
- **Logic**: Set supply-side fees to zero for all time periods. This hardcoded value indicates that Raybot does not distribute any portion of collected fees to liquidity providers, validators, or other supply-side participants. All fees are retained by the protocol.
- **Key fields**: `fees_supply_side` always equals 0

### Final aggregation
- **Combining components**: The supply-side fees metric uses the daily fee collection data as a baseline but applies a zero allocation, meaning no fees flow to supply-side participants
- **Currency conversion**: All monetary values are converted to USD using end-of-day SOL price feeds
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation
- **Final calculation**: Supply-side fees equal zero for all time periods, regardless of total fee collection volume, representing Raybot's fee retention policy where no fees are shared with supply-side participants

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Portion of fees distributed to service providers or supply-side participants.

RayBot

Supply-side fees

Supply-side fees

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