DeFi Protocol Pro Forma
Crypto & DeFi Excel Template (Free Download)
Project TVL growth, protocol revenue, token incentives, treasury cash flow, and sustainability for a decentralised finance protocol.
professionals from Deloitte
About this pro forma
The underlying engine projects TVL from $5 billion toward $25 billion over five years and builds revenue from reserve yield, stability fees, mint and redemption fees, and liquidations. Reserve yield declines from 4.8% toward 3.8%, while staker payouts, operating costs, and governance-token emissions show the full cost of growth.
The pro forma converts token supply dynamics, incentive budgets, and treasury allocations into projected cash flow, runway, and governance-token value. Protocol teams, treasury managers, investors, and governance participants can test sustainable incentive programmes.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the DeFi Protocol Pro Forma
- TVL growth and collateral-pool revenue build
- Reserve yield, stability-fee, mint, redemption, and liquidation revenue
- Staker payouts and protocol-versus-LP fee splits
- Token mint, burn, vesting, and emission schedule
- Development, audit, marketing, legal, and incentive costs
- Treasury balance, runway, and sustainability outputs
- Governance-token value and incentive sensitivity cases
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What drives protocol revenue?+
Reserve yield, stability fees, mint and redemption fees, and liquidation revenue are projected as separate streams.
How are token incentives shown?+
Emission, vesting, and burn schedules flow into circulating supply, treasury cost, and incentive sustainability outputs.
What is treasury runway?+
Runway is the projected period the treasury can fund operations, development, and incentives at the forecast burn rate.
Who uses this pro forma?+
Protocol founders, DAO treasury teams, governance participants, and investors use it for planning and proposals.
Have more financial modelling questions? Contact us
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