10 hours ago
DeFi Fees, Revenue, and Holder Payouts: A Look at How the Money Moves
The Defiant published a piece examining how money flows through DeFi protocols, focusing on the distinction between fees, revenue, and payouts to token holders. The article says buybacks and token burns can be counted as holder revenue even when no cash is sent directly to a holder’s wallet. It also uses a worked example to separate those flows from treasury income and staking payouts. The piece centers on classification: several streams may come from protocol activity, but they do not represent the same kind of economic transfer. By drawing a line between buyback-and-burn mechanics, treasury income, and staking distributions, the article highlights how reported DeFi revenue figures can describe different things depending on methodology.
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