Fee Structure
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.
Fees displayed in the vault UI
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.
Bespoke vaults take between 7-10% fee on the profit earned on each harvest, depending on the cost of the operation and the time input. Harvest-calling is whitelisted to automated contracts so there is no allocation of the fee to manual callers. There is no withdrawal fee.
Last modified 7mo ago