> ## Documentation Index
> Fetch the complete documentation index at: https://docs.meteora.ag/llms.txt
> Use this file to discover all available pages before exploring further.

# Protocol Revenues

> MET Protocol Revenues - How Meteora generates revenue

Meteora earns a share of the trading fees generated on swaps routed through its pools. These fees constitute the protocol's revenue. The specific "Take Rate" (the percentage of the trading fee that goes to the protocol) varies depending on the pool type.

# Fee Distribution logic

Conceptually, the Total Swap Fee paid by a user is split between the liquidity providers (or launch partners) and the Meteora Protocol.

## DLMM + DAMM pools

```
Trading Fees = LP Fees + Protocol Revenues
```

## DBC pools

```
Trading Fees = Launch Partner Fees + Token Creator Fees + Protocol Revenues
```

<div className="mb-6">
  <div className="overflow-x-auto mt-2">
    <table className="w-full border-collapse">
      <thead>
        <tr className="border-b border-gray-300 dark:border-gray-600">
          <th className="text-left py-3 px-4 font-semibold text-gray-900 dark:text-gray-100">Pool Type</th>
          <th className="text-left py-3 px-4 font-semibold text-gray-900 dark:text-gray-100">Fee Model</th>
          <th className="text-left py-3 px-4 font-semibold text-gray-900 dark:text-gray-100">LP's Share</th>
          <th className="text-left py-3 px-4 font-semibold text-gray-900 dark:text-gray-100">Protocol Revenues</th>
        </tr>
      </thead>

      <tbody>
        <tr className="border-b border-gray-200 dark:border-gray-700 hover:bg-gray-50 dark:hover:bg-gray-800">
          <td className="py-3 px-4"><strong className="text-gray-900 dark:text-gray-100">DAMM v1</strong></td>
          <td className="py-3 px-4 text-center">Base Only</td>
          <td className="py-3 px-4"><code className="bg-gray-100 dark:bg-gray-800 px-2 py-1 rounded text-sm font-mono">80%</code></td>
          <td className="py-3 px-4"><code className="bg-gray-100 dark:bg-gray-800 px-2 py-1 rounded text-sm font-mono">20%</code></td>
        </tr>

        <tr className="border-b border-gray-200 dark:border-gray-700 hover:bg-gray-50 dark:hover:bg-gray-800">
          <td className="py-3 px-4"><strong className="text-gray-900 dark:text-gray-100">DAMM v2</strong></td>
          <td className="py-3 px-4 text-center">Base + Dynamic</td>
          <td className="py-3 px-4"><code className="bg-gray-100 dark:bg-gray-800 px-2 py-1 rounded text-sm font-mono">80%</code></td>
          <td className="py-3 px-4"><code className="bg-gray-100 dark:bg-gray-800 px-2 py-1 rounded text-sm font-mono">20%</code></td>
        </tr>

        <tr className="border-b border-gray-200 dark:border-gray-700 hover:bg-gray-50 dark:hover:bg-gray-800">
          <td className="py-3 px-4"><strong className="text-gray-900 dark:text-gray-100">DLMM</strong></td>
          <td className="py-3 px-4 text-center">Base + Dynamic</td>
          <td className="py-3 px-4"><code className="bg-gray-100 dark:bg-gray-800 px-2 py-1 rounded text-sm font-mono">95%</code></td>
          <td className="py-3 px-4"><code className="bg-gray-100 dark:bg-gray-800 px-2 py-1 rounded text-sm font-mono">5%</code></td>
        </tr>

        <tr className="border-b border-gray-200 dark:border-gray-700 hover:bg-gray-50 dark:hover:bg-gray-800">
          <td className="py-3 px-4"><strong className="text-gray-900 dark:text-gray-100">DBC</strong></td>
          <td className="py-3 px-4 text-center">Base + Dynamic</td>
          <td className="py-3 px-4"><code className="bg-gray-100 dark:bg-gray-800 px-2 py-1 rounded text-sm font-mono">80% (Launch Partner + Token Creator Share)</code></td>
          <td className="py-3 px-4"><code className="bg-gray-100 dark:bg-gray-800 px-2 py-1 rounded text-sm font-mono">20%</code></td>
        </tr>
      </tbody>
    </table>
  </div>
</div>

<Note>It is important to understand that Meteora's revenues are not automatically converted to stablecoins (USDC) at the moment of collection.</Note>

# Collection in Base or Quote Tokens

Revenues are derived from swap fees, which are collected in the tokens currently being swapped. Therefore, Meteora accumulates a diverse basket of Base and Quote tokens (e.g., SOL, USDC, MET, etc.).