Fees | Teahouse Finance

Platform Fees

Entry Fee: None No Entry Fee is charged for LP Vaults

Exit Fee: 0.2% of the ShareTokens withdrawn The Exit Fee is assessed by subtracting 0.2% of the ShareTokens being withdrawn. Example: 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.

Management Fee

Management Fee: 1.5% (annualized) The Management Fee is 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: 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

Note: LP Pairs with boosted rewards charge a Management Fee of 2.5% (annualized).

Performance Fee

Performance Fee: 15% of swap fees earned The Performance Fee is collected when the trading fees earned by the LP strategies are reinvested into the LP pool. Example: 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.

Platform Fees

Entry Fee: None No Entry Fee is charged for Portfolio Vaults

Exit Fee: 0.5% of the withdrawn amount The Exit Fee is assessed by subtracting 0.5% of the ShareTokens being withdrawn. Example: If a user has a total of $1,000 USDC in a vault and wants to withdraw the full amount, the exit fee would be 0.5% of $1,000, which is $5. The total amount they would receive after deducting the exit fee would be $1,000 - $5 = $995.

Management Fee

Management Fee: 1.5% (annualized) The Management Fee is 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: A Portfolio 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

Performance Fee

Performance Fee: 15% of swap fees earned 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.

Platform Fees

Entry Fee: None No Entry Fee is charged for Managed Vaults

Exit Fee: 0.2% of the withdrawn amount The Exit Fee is assessed by subtracting 0.2% of the ShareTokens being withdrawn. Example: If a user has a total of $1,500 USDC in a vault and wants to withdraw the full amount, the exit fee would be 0.2% of $1,500, which is $3. The total amount they would receive after deducting the exit fee would be $1,500 - $3 = $1,497.

Management Fee

Management Fee: 1.7% (annualized) The Management Fee is collected every Round. Currently, the Rounds normally run on daily basis. 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).

Performance Fee

Performance Fee: 10% ~ 20% of profits (according to risk level) The Performance Fee is calculated each Round based on the profits generated.

Example: 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.