Liquidity providers deposit funds into SpookySwap and receive trading fees from traders (supply-side fees).

SpookySwap is a non-custodial exchange protocol built on Fantom. SpookySwap was launched in April 2021.

BOO tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue).

governance

github

twitter

discord

website

Exchanges (DEX)

SpookySwap

# SpookySwap Earnings Methodology

## 1. Overview

SpookySwap earnings represents the daily net profit of the SpookySwap decentralized exchange protocol on Fantom, calculated as revenue minus expenses. Revenue comes from the protocol's share of trading fees (15% of all fees collected), while expenses consist of token incentives distributed to liquidity providers. This metric answers the business question: "What is SpookySwap's daily profitability after accounting for liquidity mining costs?"

The calculation follows a standard profit and loss approach: Earnings = Revenue - Expenses, where both components are measured in USD and aggregated daily.

## 2. Data sources

The calculation relies on several types of blockchain data and external sources:

- **Swap events**: Parsed Fantom `Pair_Swap` events from SpookySwap V1 trading pair contracts containing token amounts exchanged in each trade
- **Trading pair metadata**: Fantom `PairFactory_PairCreated` events that define trading pair contracts and their associated token addresses
- **Transaction data**: Fantom transaction records providing user addresses and block timestamps
- **Liquidity incentive events**: Fantom `FarmV2_Harvest` events capturing BOO token distributions from farming contracts
- **Token transfer events**: Fantom `SpookyToken_Transfer` events specifically tracking BOO token transfers from MasterChef contracts to users
- **Price feeds**: End-of-day token price data in USD for converting token amounts to dollar values
- **Token metadata**: Token decimals and symbols for proper amount calculation and display formatting

## 3. Step-by-step calculation

### Component A: Trading volume calculation
- **Purpose**: Calculate the USD value of trading activity to determine fee generation
- **Logic**: Extract swap events from SpookySwap V1 trading pairs on Fantom. For each swap, calculate the absolute change in token amounts for both tokens in the pair by taking the difference between amounts in and amounts out. Correct raw token amounts by dividing by the appropriate number of decimal places for each token. Convert both token amounts to USD using end-of-day price feeds. To prevent price manipulation, use the lesser USD value between the two tokens as the final trading volume for that swap. Aggregate all swaps daily by truncating block timestamps to day boundaries.
- **Key fields**: `token0_amount` and `token1_amount` representing corrected token quantities, `trading_volume` as the final USD value, `fee_tier` set to 0.2% for all pairs

### Component B: Fee and revenue calculation  
- **Purpose**: Calculate total fees paid by traders and SpookySwap's protocol revenue share
- **Logic**: Multiply the daily trading volume by the fee tier of 0.2% to determine total fees collected from traders. SpookySwap retains 15% of all fees as protocol revenue, with the remaining 85% going to liquidity providers. Apply the 15% protocol fee percentage to calculate daily revenue.
- **Key fields**: `fees` representing total fees collected, `revenue` as SpookySwap's 15% share

### Component C: Token incentive expenses
- **Purpose**: Calculate the USD value of BOO token incentives distributed to liquidity providers
- **Logic**: Collect BOO token distributions from two sources: `FarmV2_Harvest` events showing direct harvest payouts and `SpookyToken_Transfer` events where BOO tokens are transferred from MasterChef contracts to users. Filter transfers to only include those from the specific MasterChef contract addresses. Correct token amounts by dividing by 18 decimal places (BOO token decimals). Convert token amounts to USD using end-of-day price feeds. Aggregate all incentive distributions daily.
- **Key fields**: `amount` representing BOO token quantities, `token_incentives` as the USD value of distributed incentives

### Final aggregation
- **Combining components**: Revenue and expenses are calculated independently and then combined using the earnings formula
- **Currency conversion**: All token amounts are converted to USD using end-of-day price feeds joined on timestamp, token address, and chain identifier
- **Time aggregation**: All data is aggregated to daily boundaries using timestamp truncation, ensuring consistent time series alignment
- **Final calculation**: Daily earnings equals daily revenue minus daily expenses, where revenue is 15% of trading fees and expenses are the total USD value of BOO token incentives distributed

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

Net profit (also profits, net income, profitability) — revenue remaining after subtracting expenses.

SpookySwapBOO

Earnings

Earnings

Competitive landscape