Fees
Aurum takes 10% of what a vault earns, and 0.25% when a deposit swaps your token. There's no fee to withdraw and no yearly fee. Everything you pay is listed here.
Every fee
| Fee | How much | When | Goes to |
|---|---|---|---|
| Performance fee | 10% of what a vault earns | At every harvest, on the fees and rewards collected | Aurum |
| Swap fee | 0.25% of the amount swapped | When you deposit with a token that isn't one of the vault's own | Aurum |
| Pool trading fee | The pool's fee tier, such as 0.01% or 0.3%, on the part that's swapped | When a deposit splits your token into the vault's two, and when you withdraw into one token | The pool's liquidity providers |
| Network fee | A small amount of ETH, usually well under a dollar | On every transaction you send | Robinhood Chain |
The performance fee
Aurum takes 10% of the trading fees and rewards a vault collects, when it harvests: earn $100, keep $90. It never comes out of the money you put in.
The fee is set per vault and shown on each vault's page under Rules & safety. The contracts cap it at 15%: it can never be set higher.
Fees on a deposit
- Paying with one of the vault's own tokens: no swap fee. Part of your deposit is swapped for the other token in the vault's pool, at the pool's trading fee.
- Paying with another token: first a 0.25% swap fee on the swap through 0x, then the same split in the pool.
- Price limits: swaps can move the price a little against you; the limits are on the Deposit page.
An example: you deposit $1,000 in ETH into a vault whose pool charges 0.3%.
| Cost | |
|---|---|
| Swap fee: 0.25% of $1,000 | $2.50 |
| Pool trading fee, if about half is split off: 0.3% of about $499 | about $1.50 |
| Network fees for all the steps | about $0.20 |
| Together | about $4.20, or 0.4% |
The deposit window shows the swap fee and the network fee before you confirm.
Fees on a withdrawal
Aurum charges nothing to withdraw.
- Receiving both tokens: only the network fee.
- Receiving one token: also the pool's trading fee on the part that's swapped, and its price impact. The withdraw window shows the price impact first.
What you don't pay
- No yearly or management fee.
- No fee to withdraw, and no lock-up.
- No network fees for the agent's work. Aurum pays the gas for every harvest and range move.
Can fees change?
Aurum can change a vault's performance fee, within the 15% cap written into the contracts. The current fee is always on the vault's page. For who can change what, see How your money is protected.