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

# Protocol Revenue

> Understanding Hylo's multi-pool revenue streams.

Hylo generates revenue through minting and redemption fees, as well as a percentage of the yield earned by underlying LSTs and borrow rates charged on non-yielding assets.

## Revenue Sources

<CardGroup cols={2}>
  <Card title="Collateral Yield" icon="coins" href="./multi-asset-architecture">
    Native staking yield from yield-bearing assets (SOL LSTs).
  </Card>

  <Card title="Borrow Rates" icon="percent" href="./multi-asset-architecture">
    Charged on non-yield assets (e.g. BTC).
  </Card>

  <Card title="hyUSD Fees" icon="dollar-sign" href="./dynamic-collateral-routing">
    Dynamic minting and redemption fees.
  </Card>

  <Card title="xASSET Fees" icon="chart-line-up" href="./xassets">
    Mode-adjusted minting and redemption fees.
  </Card>
</CardGroup>

## Revenue Distribution

| Source               | Distribution                                    |
| -------------------- | ----------------------------------------------- |
| Yield & borrow rates | Split between Earn Pool depositors and treasury |
| Mint/redeem fees     | Treasury                                        |

The yield allocation and treasury fee percentages are configurable protocol parameters, adjusted to balance depositor rewards with protocol sustainability.

## Revenue Scaling

Revenue grows with:

* **Additional pools:** Each new collateral pool contributes yield or borrow rate
* **Trading volume:** Increased **hyUSD** and **xASSET** usage drives fee revenue
* **TVL:** The protocol earns more as deposited assets grow