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Ostium
@Ostium
The prime liquidity layer for TradFi perpetuals.
Joined May 2022
152 Following    60.7K Followers
We've updated the nomenclature and added figures to the Ostium dashboard on Dune to make it clearer how revenue is defined and how it's split between the OLP Vault and the Ostium Protocol. Top-Line Revenue (previously “Total Fees”) is the sum of Trading Fees and Flow Revenue: 󠁯•󠁏󠁏 Trading Fees are the opening fees on each trade, currently split 30/70 between the OLP Vault and the Ostium Protocol. They are charged when the trade is opened. 󠁯•󠁏󠁏 Flow Revenue is spreads, rollover and liquidation fees. Since the liquidity upgrade in April, Flow Revenue goes to the Ostium Protocol. You can see this evolution in the monthly chart. Unlike Trading Fees, Flow Revenue is built into the trade itself (spreads on entry and exit, rollover while the position is open, liquidation fees if it is liquidated) and is settled through the trader’s PnL. Neither value represents gross profits: Top-Line Revenue is an onchain, gross figure and does not include the off-chain cost of hedging flow. Gross profit is an off-chain metric and is the value of what remains after the OLP Vault’s share and off-chain hedging costs. We will continue to make improvements to the Dune dashboard and welcome feedback on how it can be further improved.
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