# DefiLlama protocol revenue — X 热门讨论 (2026-09-28 19:40 UTC)
## @DefiLlama (DefiLlama.com) · 09-28 16:15 · ♥30 ↻1 💬18 Copy this LlamaAI prompt to identify protocols that generate revenue, pass that revenue on to tokenholders, and don't have significant dilution coming:
Screen DeFi protocols for a "quality value-accrual" cohort: protocols with (1) high revenue, (2) mechanisms that pass fee revenue through to tokenholders (buybacks, burns, or direct distributions/dividends), and (3) low ongoing token emissions/inflation.
1. Rank protocols by trailing 30d revenue and holder_revenue. Surface the ones where holder_revenue is a meaningful share of total revenue; this is the value-accrual signal, revenue that reaches tokenholders rather than sitting in a protocol treasury.
2. For the top candidates by holder revenue, confirm the accrual mechanism (buyback-and-burn, buyback-and-distribute, direct fee dividend, staking reward funded by fees) via governance or protocol docs. Don't assume the mechanism from the metric alone.
3. Cross-check each candidate's token emissions: current annualized inflation rate, percent of max supply still to unlock over the next 12 months, and whether emissions are declining. Flag any candidate where high emissions offset the buyback or dividend value accrual, so net token supply still expands despite the payout.
4. Add ps_ratio/pf_ratio for valuation context (market cap against the revenue stream), plus each protocol's category and chain(s).
5. Output a ranked table: protocol, 30d revenue, holder revenue, holder revenue percent, accrual mechanism, 12-month emission/inflation rate, P/S ratio, category.
6. Exclude protocols with no live token. Exclude L1/native chain gas tokens; keep the results to DeFi protocol tokens only. https://x.com/DefiLlama/status/2104605846705414472