Dividend Analysis

	A	B	C	D	E	F	G	H	I	J	K	L	M	O	P
1	Name	TVL	FDV	YoY Rev	FDV / TVL	FDV / Rev	Category	Network	Founding Date	Buyback/Burn	Dividend	Bribes	Dividend Yield

2	Synthetix	746610000	1272000000	37890000	1.703700727	33.57086302	Perp	ETH	Aug 1 2019	Y	Y	N	10.15%	Data is from Defi Llama and may not reflect data accurately for each protocol
3	Gains Network	35370000	116510000	11070000	3.294034493	10.52484192	Pool Perp	Arb	Deb 2021	N	Y	N	3.79%
4	GMX	567410000	473540000	44290000	0.8345640718	10.69180402	Pool Perp	Arb	Sept 2021	N	Y	N	1.64%
5	Prisma Finance	347540000	59880000	1910000	0.172296714	31.35078534	CDP	ETH	Apr 2023	N	Y	N	20.00%	Dividend Count	52.38%
6	Vertex Protocol	32190000	441030000	22930000	13.70083877	19.23375491	Order Book Perp	Arb	Mar 2023	N	Y	N	77.19%	Buyback Count:	4.76%
7	Mux	62270000	51200000	10540000	0.8222257909	4.857685009	Pool Perp	Arb	Nov 2022	N	Y	N	44.80%	Bribe Count	23.81%
8	Radiant	364760000	259710000	19910000	0.7120024125	13.0441989	Money Market	Arb	July 2022	N	Y	N	76.54%
9	Liquity	734320000	147510000	5150000	0.2008797255	28.64271845	CDP	ETH	Apr 1 2021	N	Y	N	8.62%	Bribe or Dividend	57.14%
10	Aave	6098000000	1638000000	20420000	0.2686126599	80.21547502	Money Market	ETH	May 2020	Y	N	N	0.00%	Avg Dividend Yield	14.69%
11	Jones DAO	24290000	12940000	-	0.5327295183	-	Vaults	Arb	Feb 2022	N	N	N	0.00%
12	Lido	20270000000	2398000000	75000000	0.1183029107	31.97333333	LST	ETH	Dec 2020	N	N	N	0.00%	Avg Buyback FDV/Rev	42.46862956
13	dYdX	346000000	3430000000	36860000	9.913294798	93.05480195	Order Book Perp	ETH	Nov 2020	N	N	N	0.00%	Avg Dividend FDV/Rev	27.32701583
14	Gamma	115050000	32450000	3650000	0.2820512821	8.890410959	Vaults	ETH	July 2021	N	Y - recent	N	23.12%	Avg Bribe FDV/Rev	27.89927004
15	Camelot	111640000	98960000	4580000	0.8864206378	21.6069869	DEX	Arb	Nov 2022	Y	Y	Y	21.19%
16	Pendle	233700000	275590000	422,271	1.179246898	652.6377611	Yield	ETH	July 2021	N	Y	Y	0.00%
17	Balancer	842380000	221100000	8430000	0.262470619	26.22775801	DEX	ETH	Mar 2020	N	Y	Y	0.00%	Past Year Bribe or Div	90%
18	Curve DEX	2000000000	1134000000	21170000	0.567	53.5663675	DEX	Mainnet	Feb 2020	N	Y	Y	1.07%	only one who doesn't is Jones DAO with an FDV of 12M
19	Curve w Bribes	2000000000	1134000000	133170000	0.567	8.515431403	DEX	Mainnet	Feb 2020	N	Y	Y	1.07%
20	Lybra Fiance	395290000	360020000	-	0.9107743682	-	LST	ETH	Sep 2023	N	N	Y	0.00%
21	Aura	379730000	60920000	2510000	0.1604297791	24.27091633	Yield	Arb	July 2022	N	N	Y	0.00%
22	Yearn	344080000	309570000	5505280	0.8997035573	56.23147233	Vaults	ETH	Feb 2020	Y	N	Y	20.36%	This is a random sample of DeFi protocols with easily accesible data, it is by no means exhaustive :)
23	PancakeSwap	1420000000	910000000	186630000	0.6408450704	4.875957777	DEX	BNB	Apr 1 2021	Y	Y - recent	Y - recent	0.00%
24	Ethereum	28,151,000,000	267,963,928,738	2880000000	9.518806747	93.04303081	Infra	ETH	June 2018	Y	Y	N	3.70%	Bribe data on Curve is from https://llama.airforce/#/incentives/overview/votium/cvx-crv
25	Maker DAO	8,636,000,000	1,437,000,000	185,740,000	0.1663964799	7.736621083	CDP	ETH	Jan 2019	Y	N	N	0.00%
26														Yearn revenue is an estimate based on TVL and performance fees
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28														Pendle is highlighted bc it is a huge outlier in FDV/Rev
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