Delphi Digital|Nov 11, 2025 15:16
Fixed fee builder codes force protocols and builders to fight over the same customer budget.
Revenue sharing aligns them to grow it instead.
With revenue share, the protocol takes a percentage of whatever the builder earns. The incentive becomes growing the pie instead of splitting it.
Zero fee builder codes unlock this model and create a real distribution advantage. Perp DEXs can market themselves as the cheapest venue while expanding margins.
This model could become the standard as more teams see the distribution advantage.(Delphi Digital)
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