Fee

Management Fee

Vault Owner sets a management-fee rate, capped at 2% of the vault’s net asset value (NAV). The protocol cannot participate in the governance of the vault. Fees accrue continuously and are paid by minting new vault shares to that address.

Withdrawal Fee

A fee charged on withdrawals acts as a friction mechanism to discourage sudden, large-scale liquidity drains (bank runs) from the strategy. This fee helps protect the Net Asset Value (NAV) and the long-term yield of remaining investors by offsetting transaction costs and potential market impact caused by urgent unwinding of positions.