A space to discuss the fundamentals of ‘Overnight’.
Link to the dashboard: Overnight - Key metrics | Dashboard | Token Terminal
Token Terminal <> Overnight | Monthly data update (May 2023)
Chains tracked: Arbitrum, Binance-Smart-Chain, Optimism
Methodology:
- Outstanding supply: Monthly average value of outstanding supply of USD+, USDT+ & DAI+
- Fees: Total yield generated by the protocol
- Supply-side fees: Share of yield that goes to the depositors
- Revenue: ETS performance fee & skimmed rebases that the Overnight Governance takes from the total yield generated by the protocol
- Token incentives: USD value of tokens that have been distributed to incentivise users
- Earnings: Revenue minus token incentives
- Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
- Daily active users: Monthly average number of daily distinct
- Weekly active users: Monthly average number of weekly distinct
- Monthly active users: Monthly average number of monthly distinct
- Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
- Code commits: Number of commits to the project’s public GitHub repositories
Metrics (May 2023):
- Outstanding supply (monthly average): $47.84m
- Fees: $588.74k
- Supply-side fees: $399.25k
- Revenue: $189.49k
- Token incentives: $0
- Earnings: $189.49k
- Treasury (monthly average): N/A
- Daily active users (monthly average): N/A
- Weekly active users (monthly average): N/A
- Monthly active users (monthly average): N/A
- Core developers (monthly average): 7
-
Code commits: 144
Thank you Token Terminal, we have reviewed the monthly data update, and the values are in line with our benchmarks