Revenue basis: RWA protocol income and token repurchase mechanism
OpenEden's total locked value (TVL) has reached $270 million, ranking 13th in the RWA track. In its asset allocation, tokenized short-term U.S. Treasury bonds $TBILL account for over 83%, deployed across multiple chains including Ethereum, Ripple, Solana, and Arbitrum.
The source of agreement income is clear and sustainable:
· Asset management fee: The investment manager charges a fee of 0.3% per annum from the TVL of $TBILL to cover operating costs;
· Transaction fee: Users need to pay a fee of 0.05% when subscribing and redeeming $TBILL.
This dual charging model of 'static management + dynamic trading' constitutes a robust revenue foundation for OpenEden. According to defillama data, protocol revenue has continued to grow since 2025, with approximately $613,000 reached in the first month of the fourth quarter alone, and this quarter's revenue is expected to grow nearly 77% compared to the previous quarter.
Based on these real earnings, OpenEden will repurchase $EDEN regularly to support ecological development, including treasury reserves, re-staking, liquidity enhancement, or market stabilization strategies.
The core value and application scenarios of Eden
As a utility token in the ecosystem, Eden provides holders with multiple rights:
· Product priority: Enjoy priority access to new RWA products and yield tools;
· Fee discounts: Enjoy lower rates within the ecosystem;
· Governance participation rights: Holders can participate in key decision-making votes, such as product parameter adjustments, token mechanisms, new product development, etc.;
· Large holders can participate more deeply in strategic decision-making, similar to major shareholders in public companies.
In addition, users can obtain the equity token $xEDEN by staking Eden. $xEDEN itself does not directly pay dividends but reflects profits through value accumulation and grants holders governance rights and protocol revenue distribution rights.
Incentives are not cost-free: The distribution logic of Eden
Although Eden is an incentive token, it is not an unconditional airdrop. Its distribution is aimed at three core participant categories:
· Institutional partners: Such as funders, market makers, custodians, need to provide funding or operational support;
· Ecological builders: Including developers, DeFi contributors, etc., need to make substantial contributions to product development and promotion;
· DeFi users: Such as traders and liquidity providers, need to pay fees or bear short-term liquidity risks.
In other words, each acquisition of Eden corresponds to the participant's investment in wisdom, resources, fees, or risks, behind which is the value support for the long-term development of the OpenEden ecosystem.
Since its launch in March 2023, OpenEden's TVL has steadily climbed, demonstrating a solid product foundation and continuous ecological growth.
