LDO: Protocol Take Rate [%]
Shown as its 2019–2022 sample; the latest readings and full history are included with Plus.
The share of the fees paid to Lido on Ethereum that Lido kept as revenue each day.
Why use it. The take rate is the protocol's pricing power: how much of each dollar users pay it keeps for itself. How to read it. Higher means more of the fees stay with the protocol; a jump marks a change in its fee settings or in which of its products earn the fees.
Calculation. Take rate = revenue / fees x 100 for each day. Fees are what users pay to use a protocol: interest paid by borrowers, swap fees paid by traders, rewards earned by staked ether. The supply side is the part paid out to whoever supplies the capital (lenders, liquidity providers, stakers); revenue is the rest, what the protocol keeps; the take rate is revenue divided by fees. Lido: each daily oracle report's rewards on the stake (consensus-layer balance change plus withdrawals, less the 32 ether of every validator that appeared, plus the execution-layer rewards it collected), dated to the report's day and valued at CryptoKeyhole's ETH/USD close for the report's hour. Revenue is Lido's 10% fee, the ether value of the stETH it mints to its treasury and node operators; the supply side is the 90% left to stETH holders. Read from Lido's own report events on CryptoKeyhole's own Ethereum node (from 30 April 2021 its PostTotalShares, earlier its Completed reports). Lido stakes ether on Ethereum only. Ethereum mainnet deployments only: each protocol's other networks are not counted, so these are lower than the protocols' worldwide totals. Lido reports once a day, about 12:00 UTC: each day holds that day's report.