> For the complete documentation index, see [llms.txt](https://docs.ontorium.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ontorium.io/ontorium-stack-overview/financial-layer/aqua-vaults/fees.md).

# Fees

| Fee Type        | USDC Vault Rate | OXAU Vault Rate | Description                                               |
| --------------- | --------------- | --------------- | --------------------------------------------------------- |
| Deposit Fee     | 0%              | 0%              | No fee is charged when depositing into a Vault.           |
| Withdrawal Fee  | 0%              | 0%              | No fee is charged by the Vault when withdrawing.          |
| Management Fee  | 0%              | 0%              | No ongoing management fee is charged on deposited assets. |
| Performance Fee | 10%             | 10%             | Applied only to generated yield.                          |
| Network Fee     | Variable        | Variable        | Users are responsible for blockchain transaction costs.   |

***

### Performance Fee

A performance fee is charged only on positive yield generated by the Vault.

The performance fee is not charged on:

* Deposited principal
* Withdrawals
* Assets that remain idle and do not generate yield
* Negative Vault performance

The fee reduces the portion of generated yield retained by Vault shareholders and is reflected in the Vault’s net share-price performance.

Displayed Base APY is shown after deducting the applicable performance fee unless explicitly stated otherwise.

The applicable performance fee rate, calculation method, and accounting treatment are disclosed on the relevant Vault page and in the AQUA Market interface.

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### Important Notice

Vault fees may be updated in accordance with applicable governance procedures, protocol policies, or changes in market conditions.

Any material fee change will be disclosed through the relevant Vault documentation or AQUA Market interface.

Users should review the current fee schedule before depositing or submitting a withdrawal. Fees displayed in the interface at the time of a transaction should be treated as the applicable transaction-level reference, subject to the final on-chain execution.
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