BellgapReference
Fees
Every fee the contracts can charge, who receives it and its ceiling.
Reference Reference.
The table
| Fee | Paid by | Goes to | Set where | Ceiling |
|---|---|---|---|---|
| Performance fee | Vault depositors, only on gains above the high-water mark | The curator, as new shares | At listing | 20% |
| Underwriting fee | The vault, on each borrow | Underwriter pool stakers, in USDG | Pool owner | 3% (0.5% default) |
| Slash | The agent's bond, per rejected trade | The mandate's owner: a vault's depositors | AgentRecord owner | A fixed amount per rejection |
| Morpho interest | The vault, on borrowed USDG | Morpho lenders | Morpho market | Set by Morpho |
| Protocol fee | — | — | — | None in the contracts |