> For the complete documentation index, see [llms.txt](https://zunamilab.gitbook.io/zunami-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://zunamilab.gitbook.io/zunami-docs/protocol-overview/revenue-streams.md).

# Revenue Streams

<figure><img src="/files/vMp9JpWJXA3YibETntYE" alt=""><figcaption></figcaption></figure>

The entire income generated by the protocol — including the 20% yield from zunStables collateral and the 15% performance fee from APS — is distributed to ZUN stakers.&#x20;

To stimulate liquidity influx and engage the interests of ZUN stakers, a portion of ZUN emissions is allocated to incentivize pools that utilize zunStables and for locking zunStables in APS.

***

## Example: Revenue Distribution to ZUN Stakers

Let’s break down how income is generated and distributed to ZUN stakers using a simple scenario:

### 💰 Assumptions:

* **Total Value Locked (TVL):** $100,000,000
* **Average yield from collateral:** 15% annually
* **Performance fee distributed to ZUN stakers:** 20% of the total yield

***

### 🧮 Step-by-step Calculation:

1. **Total protocol income:**

```
$100,000,000 * 15% = $15,000,000 per year
```

2. **Share allocated to ZUN stakers (via performance fee):**

```
$15,000,000 * 20% = $3,000,000 per year
```

***

### ✅ Final Result:

**ZUN stakers receive $3,000,000 per year** from the protocol’s yield, assuming a $100M TVL and a 15% average return on collateral.

This structure aligns incentives: the more TVL and collateral efficiency the protocol achieves, the more income flows to ZUN stakers.

*\*This example does not include the additional income for ZUN stakers from the APS performance fee.*