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.

For more information about fees management, please visit our Protocol Documentation HERE.