Fee Structure
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Last updated
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The Reaper UI has recently been upgraded to display fees. You can hover over the "!" icon on each vault to see deposit, withdrawal, and harvest fees.
Single-strategy vaults take a 4.5% fee on the profit earned on each harvest and a 0.1% fee* on all withdrawals.
4.05% is paid to the treasury for maintenance.
0.45% of the profit fee is paid to whomever called the Reaper Harvest-Bot function.
The 0.1% withdrawal fee* is a security measure and is paid directly back to the vault.
For example, if a single strategy vault has $500,000 worth of assets inside of it, and records a profit of $75 during a harvest, 4.5% of the $75 profit = $3.375 is remitted as fees, while the remaining $71.625 is reinvested on behalf of users.
*Note: The 0.1% withdrawal fee is being phased out. All vaults that currently utilise the 0.1% withdrawal fee for security will continue to do so, however all new vaults will incorporate a gated harvest function managed by automated keepers.
Some vaults also have deposit fees but in those cases Reaper.Farm will always display a warning on the Crypt panel.
Multi-strategy vaults take a 10% fee on the profit earned on each harvest. Harvest-calling is whitelisted to automated contracts so there is no allocation of the fee to manual callers. There is no withdrawal fee.
For example, if a multi-strategy vault has $500,000 worth of assets inside of it, and records a profit of $75 during a harvest, 10% of the $75 profit = $7.5 is remitted as fees, while the remaining $67.5 is reinvested on behalf of users.
Multi-strategy vaults do not incorporate strategies with deposit fees.
