# Raydium Stable Swap Revenue Methodology

## 1. Overview

Revenue for Raydium Stable Swap measures the portion of trading fees generated by the protocol's stablecoin-focused liquidity pools that is retained by the project. For Raydium Stable Swap, this metric is currently zero. While trading activity occurs and fees are collected, the protocol take rate is set to 0%, meaning 100% of the generated fees are distributed to liquidity providers as supply-side fees.

## 2. Data sources

- **None**: This metric is set to a constant value and does not consume blockchain instructions or external price data.

## 3. Step-by-step calculation

### Component A: Revenue valuation

- **Purpose**: Define the protocol's share of collected fees for the Raydium Stable Swap product
- **Logic**: Revenue is hardcoded to zero. Although trading volume is processed through the Raydium Stable Swap program on Solana, the protocol fee rate and fund fee rate are both defined as zero. Because the project does not retain a portion of the total swap fees, no protocol revenue is recognized for this specific product.
- **Key fields**: `protocol_fee_rate`, `fund_fee_rate` (both set to zero)

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

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.