Unipilot removes the complexities and costs of providing concentrated liquidity, making liquidity more capital efficient. For projects, this optimization of liquidity enables lower-slippage trading.

Unipilot is a concentrated liquidity manager live on multiple chains and DEXs. Unipilot currently supports Uniswap V3 and QuickSwap V3 across six chains: Ethereum, Polygon, Polygon zkEVM, Arbitrum, BNB Chain and Dogechain. Unipilot is in the Xord.com ecosystem. This dashboard does not take into account Unipilot's transition into A51 Finance.


PILOT tokenholders own and govern the protocol. PILOT stakers earn a share of the total LP fees (revenue).

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# Unipilot Earnings Methodology

## 1. Overview

Unipilot earnings represents the net profit generated by the Unipilot protocol from its yield aggregation services. The metric is calculated as total protocol revenue minus total protocol expenses on a daily basis. Revenue comes from protocol fees collected from vault operations, while expenses consist primarily of token incentives distributed to users through farming rewards. This metric answers the fundamental business question of protocol profitability and operational efficiency.

## 2. Data sources

The calculation relies on several key blockchain data sources:

- **Vault creation events**: Parsed `VaultCreated` events from Unipilot Active and Passive factory contracts across Ethereum, Polygon, Arbitrum, and BSC networks
- **Fee snapshot events**: Parsed `FeesSnapshot` events from Unipilot vault contracts that capture accumulated trading fees
- **Reward claim events**: Parsed `Reward` events from Unipilot farming contracts tracking token incentive distributions
- **Token metadata**: Token symbol, decimal, and contract information for proper fee and reward calculations
- **End-of-day price feeds**: Daily token price data for USD conversion of all fee and reward amounts

## 3. Step-by-step calculation

### Component A: Vault identification and metadata
- **Purpose**: Establishes the universe of valid Unipilot vaults and their associated token pairs
- **Logic**: Collects `VaultCreated` events from both Active and Passive factory contracts across all supported chains. Each event contains the vault contract address and the two underlying tokens (token0 and token1). Vault titles are constructed by combining the symbols of the two tokens with a hyphen separator. This component serves as the master dimension for linking fee and reward data to specific vaults.
- **Key fields**: `vault_address` for unique vault identification, `token0_address` and `token1_address` for the underlying token pair, `vault_title` for display purposes, `chain` and `version` for network and protocol version tracking

### Component B: Fee snapshot processing
- **Purpose**: Captures and processes accumulated trading fees from Unipilot vaults
- **Logic**: Extracts `FeesSnapshot` events from vault contracts, which contain accumulated fees in both underlying tokens. Each snapshot record is split into two separate records - one for each token's fees. The amounts are cast to numeric format and linked to vault metadata to obtain token addresses. Daily timestamps are created by truncating block timestamps to day boundaries.
- **Key fields**: `amount0` and `amount1` representing fees accumulated in each vault token, `vault_address` for linking to vault metadata, `block_timestamp` for temporal analysis

### Component C: Revenue calculation
- **Purpose**: Converts vault fees into protocol revenue by applying appropriate fee cuts
- **Logic**: Takes fee snapshot data and applies protocol fee percentages to determine revenue share. For Ethereum vaults created before February 20, 2023, applies a 20% protocol fee cut. For all other cases (post-February 2023 Ethereum and all other chains), applies a 10% protocol fee cut. Fee amounts are converted to USD using end-of-day token prices and corrected for token decimals. Records are aggregated daily by chain and product.
- **Key fields**: `fees` representing the base fee amounts, `revenue` calculated as fees multiplied by protocol fee percentage, `timestamp` for daily aggregation boundaries

### Component D: Token incentive tracking
- **Purpose**: Captures token rewards distributed to vault participants
- **Logic**: Processes `Reward` events from Unipilot farming contracts, focusing on version 1 Ethereum rewards. Each reward event contains the vault address, reward token address, and reward amount. Rewards are linked to vault metadata to obtain vault titles and convert amounts to USD using token prices and decimal corrections. The data is aggregated daily and categorized under the yield aggregator business segment.
- **Key fields**: `amount` representing raw reward tokens distributed, `token_address` for the reward token, `vault_address` for linking to vault context

### Component E: Expense calculation  
- **Purpose**: Treats token incentives as protocol expenses
- **Logic**: Takes the processed token incentive data and reclassifies it as expenses. The reward amounts in USD become expense amounts, maintaining the same temporal and dimensional structure. This represents the cost to the protocol of incentivizing user participation through token distributions.
- **Key fields**: `token_incentives` converted to `expenses`, maintaining timestamp and chain groupings

### Final aggregation
- **Combining components**: Revenue and expense data are combined using the `calculate_earnings` macro, which performs a subtraction operation (Revenue - Expenses) at the daily level by chain and product
- **Currency conversion**: All monetary values are converted to USD using end-of-day token price feeds, with proper decimal adjustment based on token specifications
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation, with a zero-fill strategy applied for days with no activity to maintain consistent time series
- **Final calculation**: Daily earnings equals daily protocol revenue minus daily token incentive expenses, with results filtered to exclude data after December 28, 2023, reflecting the protocol's operational period

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

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

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