Protocol revenue generated by Fira (treasury net interest income + liquidation fees + AMM swap fees + post-expiry yield)
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Fira generates revenue across its lending, AMM and yield products. Currently we track the following:
Net Interest Income: Portion of total interest paid by borrowers that accrues to the Fira treasury rather than to lenders. Fira has retained none of it so far; all borrower interest has gone to lenders.
Liquidation Fees: Portion of the liquidation penalty collected for the Fira treasury. Liquidations have been small and the penalty has gone to liquidators, so the treasury share is zero so far.
Swap Fees: Fira's share of trading fees on its AMM. These have accrued entirely to liquidity providers so far.
Post-Expiry Yield: Yield on matured fixed-rate positions that accrues to the Fira treasury. This is the only protocol revenue recorded to date, and it is small.
Because net interest income and liquidation fees are zero, they appear only in the Protocol Revenue source view rather than as separate charts. Fira records no flash loan fees, so there is no flash loan revenue line.
Net interest generated for lenders (gross interest less Fira's take)
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Income and expenses from tracked operations
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Onchain cash flows
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Fira lending balance sheet snapshot
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