# RealYield Revenue

### Real Yield Revenue Sources <a href="#real-yield-revenue-sources" id="real-yield-revenue-sources"></a>

GMS Vaults will earn Real Yield Revenue in ETH from the following sources:

* The protocol will compound half of the ETH rewards of BLT from Delta-Neutral Vaults, while the other half will be collected as performance fees/protocol revenue and distributed to $GMS stakers in WETH.
* $GMS earns WETH rewards from the BLT in GMS Reserve
* $GMS also earns fees collected through protocol-owned liquidity, which will be converted to WETH and distributed.

### Real-Yield APR Sample Calculation <a href="#real-yield-apr-sample-calculation" id="real-yield-apr-sample-calculation"></a>

Assuming total single-stake TVL of $1,000,000. $GMS APR will be:

* At 20% APR from BLT, we compound a part for the Delta-Neutral Vaults. Let's use 50% for this example => 10% compounded. The other half is collected for $GMS Stakers. As a result, **$100,000** a year will be collected for $GMS stakers.
* $200,000 worth of reserve in BLT earns another **$40,000** a year.
* Assume protocol-owned liquidity collects **$50,000** a year (an extremely conservative 35% apr on the lp)
* The team plans to take **30%** of total performance fees

\=> The total revenue is 100,000 + 40,000 + 50,000 = **$190,000** a year

\=> GMS$ earns about $133,000 after performance fees. Assuming 10,000 tokens staked at $50, $GMS earns approximately **27% APR**. Our treasury is also making \~\~ about **8000 - 10000$** weekly.

(We are using extremely conservative numbers for the sake of this calculation only)
