# Fees

Enzyme Vaults support a flexible fee framework, allowing managers to define **types, recipients, and assets** for fee collection.

## Fee Types

Enzyme.Onyx supports four fee types:

* **Management Fee** → Custom logic defined by the manager
* **Performance Fee** → Custom logic defined by the manager
* **Entrance Fee** → Flat percentage applied on deposits
* **Exit Fee** → Flat percentage applied on redemptions

## Fee Recipient

* Each fee can be directed to any arbitrary **fee recipient address**.
* If no fee recipient is set for the **entrance** or **exit** fee, the fee is **burned**, effectively redistributing it pro-rata to all existing shareholders.

## Fee Asset

* All fees are distributed in the **fee asset** established at deployment.
* The fee asset can be changed at any moment by the Vault Owner or Admins.

{% hint style="success" %}
For more information about fees management, please visit our Protocol Documentation [HERE](https://enzyme-finance.gitbook.io/onyx/onyx-protocol).
{% endhint %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.enzyme.finance/onyx-user-documentation/enzyme-vault/fees.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.