Costs & Fees

SHRED’s fee structure is designed to align incentives between the protocol and its users. There are no deposit or withdrawal fees*, and no performance fee applied to principal. Instead, yield is distributed as follows:

• ~20% APY target from strategy

  • ~15% APY paid to users

  • ~5%+ APY to buffer fund + incentives + costs

This model ensures SHRED remains sustainable, transparent, and aligned with long-term user outcomes.

Fee Type	Amount	Notes
Deposit fee	0%	No fee to deposit
Withdrawal fee	0% on principal	No fee on the amount you deposited
Price impact	0-2%	Covers cost of unwinding positions; stays in the protocol
Management fee	None	No ongoing percentage taken from deposits