Protocol Revenue Analysis - Google Sheets
89 M supply side revene, but only 2.89M goes to buyback. so it is 3.2% of total supply side revene. is it too low? I think 8% (only for leveraged positions) is
acceptable.
because for total supply side it is only a small drop (97% drop to 92%), but for buyback it is a huge jump (3.2% to 8%, 2.5 higher).
furthermore, after “double sided borrow” implementation, customer can earn much higher APY wihout liqutation risk, so a small percentage deduction from total supply side revene is absolutely acceptable.
any comments on this?