Conversation

These are awesome! As always, they absolutely shouldn't include "supply side" revenue. If CEXes tried to claim that to investors, they'd get laughed out of the room, or sued. But when DEXes do that, everyone humors them because it's too sad to realize it's actually 0 for most.

Quote Tweet

Larry Cermak

@lawmaster

Feb 24, 2021

8/ A powerful feature of this chart is that you can only filter by the protocol revenue here. SushiSwap leads the way here with $92M, followed by Curve ($60M), Maker ($50M) and Compound ($45M). This revenue usually goes to the token holders.

Show this thread

166

Replying to

and

Incorrect. It’s not about “claiming”, it’s about metrics. Revenue is revenue. How it is distributed is cash flow / profit. Equities are valued on price / sales too even though 90% of that revenue may never make it to shareholders. Separating is great, but it’s not irrelevant

SBF

@SBF_FTX

Replying to

@jdorman81

yeah but this wouldn't even count as "revenue" in the real world; it would come out of the top line, not as an expense

5:21 PM · Feb 24, 2021Twitter Web App

Replying to

and

Yes, big difference between gross revenue and net revenue if youre only capturing a sliver of gross. To help standardize valuations across traditional equities, most multiples, rightfully so, are driven off of a net revenue basis.

Alison | AlisonBob.eth

Replying to

and

Maybe true, but let’s not copy the broken models of the “real world”, when that’s what we are trying to improve upon, by adding more value to all stakeholders, ensuring long term sustainability of the project & being able to better capture externalities, which are usually ignored

Replying to

and

Seems to me Alison is an expert in ponzimaticpumpamentals. Seems legit and sure is going to bring endless richness to the plebs. Well done Alison.