> For the complete documentation index, see [llms.txt](https://docs.hermetica.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hermetica.fi/hbtc/fees.md).

# Fees

* **Performance fee:** 10% of all yield 
* **Management fee:** 0%
* **Deposit fee:** 0%
* **Withdraw fee**
  * **Standard:** 0%
  * **Express:** 0.5%

{% hint style="info" %}
Any fee changes are **announced in advance** and only take effect after the governance **timelock** has elapsed.
{% endhint %}