Uncollected Fees

Definition ∞ Uncollected Fees pertain to the accumulated transaction fees or rewards within a decentralized finance (DeFi) protocol or liquidity pool that have not yet been claimed by the participants who earned them. These fees typically represent revenue generated from trading activity or other protocol operations. While earned, they remain within the protocol’s smart contracts until explicitly withdrawn by the entitled users. They represent a potential future distribution.
Context ∞ News in the DeFi space often discusses Uncollected Fees when analyzing the profitability of liquidity provision or staking activities. Reports might highlight the total amount of unclaimed fees as an indicator of network activity or as a point of interest for yield farmers. The presence of significant uncollected fees can also signal periods of reduced user interaction with specific protocols.