DeFiTuna: The Journey from Fee Accrual to Revenue Distribution
ยท 17 min read
DefiTuna was the first protocol I started tracking. My dashboards have been live for a while, but I never wrote the companion article explaining how the fee pipeline actually works. After publishing the Flash.Trade fee flow deep dive, it was time to give DefiTuna the same treatment. The fee journey turned out to be surprisingly different: fees arrive in dozens of different tokens from pools across the two supported AMMs, all of which need to be converted to SOL before stakers see a single lamport.
First a note:
note
- Everything in this article comes from observing on-chain state and transaction data. I have no access to DefiTuna's source code, so the behavioral explanations below are inferences from those traces.
- The mechanics described below are based on on-chain activity observed through March 15, 2026.