> For the complete documentation index, see [llms.txt](https://docs.teahouse.finance/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.teahouse.finance/docs/user-guides/fees.md).

# Fees

Teahouse Finance charges Platform (entry & exit), Management, and Performance fees. Please see the individual vault pages on our dApps ([Pools ](https://vault.teahouse.finance/)/ [Easy-Earn](/docs/easy-earn/easy-earn-vault-info.md)) for specific fee details.

The types of fees and examples are detailed separately in the tabs below.

{% tabs %}
{% tab title="Platform Fees" %}

### Platform Fees 

Platform Fees consist of Entry Fees and Exit Fees.

#### **Entry Fees: None**

No Entry Fee is charged for any of Teahouses Vaults.

#### **Exit Fees:** 

* **LP/Portfolio Vaults: 0% - 0.2% of the ShareTokens withdrawn**\
  Exit Fees are assessed by subtracting X% of the ShareTokens being withdrawn.\
  \
  Example (using a 0.2% Exit Fee):\
  When withdrawing 1,000 ShareTokens, 2 ShareTokens will be deducted first, and the remaining 998 ShareTokens will be exchanged back to Asset Tokens A and B at the current share price and ratio.<br>
* **Easy-Earn/Managed Vaults: 0% - 0.1% of the withdrawn amount**\
  Exit Fees are assessed by subtracting X% of the amount being withdrawn\
  \
  Example (using a 0.1% Exit Fee):\
  If a user wants to withdraw $1,500, the exit fee would be 0.1% of $1,500, which is $1.5. The total amount they would receive after deducting the exit fee would be $1,500 - $1.5 = $1,498.5.
  {% endtab %}

{% tab title="Management Fees" %}

### &#x20;Management Fees

* **LP/Portfolio Vaults: 1.5%-2.5%** (annualized)\
  Management Fees are collected by minting additional ShareTokens upon new deposits. Whenever new liquidity is added, additional ShareTokens are created to represent fees. The newly minted ShareTokens should represent 1.5% of the previous ShareTokens in the vault (when annualized).\
  \
  Example (using a 1.5% Management Fee): \
  If an LP pool has 10,000 ShareTokens and receives a 100 ShareTokens deposit 8 hours after the last deposit. The new ShareToken balance will become 10,000 (original) + 100 (new deposit) + 0.13699\* (prorated newly-minted fees of the original for 8 hours). \
  \
  \*There are 8760 hours in a year. 1.5%/8760 \* 8hrs = 0.0013699% per 8 hours. 10,000 \* 0.0013699% = 0.13699\ <br>
* **Easy-Earn/Managed Vaults: 1.7% - 1.8%** (annualized)\
  The Management Fee is collected every Round. Easy-Earn rounds run on a monthly basis, and most Managed Vault rounds run on a daily basis. \
  \
  Example (using a 1.7% Management Fee)\
  Divide 1.7% by 365 days to get a daily fee charged: 0.004658% of the assets currently in the vault. If a user's investment grows to $1,500 USDC at the end of 3 Rounds, the management fee would be (0.004658% of $1,500) \* 3, which is $0.21 for the three Rounds (days).
  {% endtab %}

{% tab title="Performance Fees" %}

### &#x20;Performance Fees

* **LP Vaults: 10%-20% of swap fees earned**\
  Performance Fees are collected when the trading fees earned by the LP strategies are reinvested into the LP pool.\
  \
  Example (using a 15% Performance Fee): \
  The LP position earned 200 TokenA and 60 TokenB in fees. Out of these earnings, 85% (170 TokenA and 51 TokenB) will be compounded back into the LP pool. A performance fee of 15% (30 TokenA and 9 TokenB) will be sent to TeaDAO’s Treasury.<br>
* **Portfolio Vaults: 15% of profits**\
  Performance fees are only assessed when the vault makes profits. The Portfolio Vault incorporates Teahouse's Gradient Decay Profit-Sharing (GDPS) Model to ensure fair fee collection. Read more about the GDPS Model [here](/docs/other-information/teahouse-smart-contracts/teavault-v3-portfolio-gdps-model.md).<br>
* **Easy-Earn/Managed Vaults: 10%-20% of profits**\
  The Performance Fee is calculated each Round based on the profits generated.\
  \
  Example (using a 15% Performance Fee): \
  If a user's assets grew from $1,000 USDC to $1,100 USDC in 1 Round, then they made $100 in profits. The performance fee would then be 15% of $100, or $15 for the Round. The value of the user's remaining assets will be $1,100 - $15 = $1,085 USDC.
  {% endtab %}
  {% endtabs %}