APY and Fees

APY is variable. It moves with market conditions.

Where APY comes from

APY can include:

• supply yield from the money market • leverage amplification • incentive programs • partner points eligibility

Your real outcome is net performance over time.

Fees

Fees can vary by vault and are shown in the app.

Most vault systems use:

• a performance fee on profits • sometimes a small protection fee on certain actions if needed for fairness

If a vault has special rules, it should be stated on that vault page.

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