# Revenue Model > Polaris operates under the design philosophy that all value generated throughout the protocol should not leak externally. Canonical URL: https://docs.polaris.finance/design/revenue-model Markdown URL: https://docs.polaris.finance/design/revenue-model.md Section: Protocol Mechanics Documentation index: https://docs.polaris.finance/llms.txt Full documentation bundle: https://docs.polaris.finance/llms-full.txt --- Polaris operates under the design philosophy that all value generated throughout the protocol should not leak externally. Protocol revenue is generated entirely from ecosystem activity, and in turn directed toward supporting ecosystem growth. Creating pAssets, trading through the bonding curve, opening Reserve Loans, building on top of pETH and future protocol primitives all contribute to the same revenue engine. The fees generated by these activities are routed back through the bonding curve to strengthen pETH, increase its floor and distribute yield. Fees generated by the protocol first strengthen the collateral layer before being distributed across the ecosystem, allowing the same economic activity that generates value to reinforce the foundation supporting Polaris. ## Revenue Through Flows Both pETH and pAsset flows are designed to generate sustainable yield across the Polaris ecosystem. Through vePOLAR stewardship, pETH flows can be directed wherever they create the greatest value, from pAsset markets and liquidity to ecosystem integrations and applications. As adoption grows, the value of these flows grows alongside it, giving external protocols a direct incentive to build on Polaris while contributing to its growth. Further details on flows are covered in the dedicated Flows section of this documentation. ## How Polaris Generates Revenue The Polaris treasury participates in the protocol under the same economic model as every other participant. To earn protocol revenue, treasury-held POLAR must first be locked as vePOLAR. Protocol revenue is not routed directly to the team through privileged fee streams or hidden offchain charges. Instead, the treasury earns revenue through the same onchain mechanisms available to every vePOLAR holder. This aligns the team's incentives with the protocol's long-term sustainability, with the team only benefiting when Polaris generates value for the ecosystem as a whole. Because every vePOLAR holder earns protocol revenue through the same mechanism, Stewardship naturally rewards decisions that strengthen the protocol over time.