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

# Understanding Multi-Strategy Vault Fees

## Entrance Fees

***Fundamentally, Belt.fi BeltMultiVaults do not take any entrance fees to our own contract. Any entrance fees arising are those of the strategy protocol at time of deposit.***

Deposits in our vaults happen through one of two processses:

* deposit2 (directDeposit)
  * This is an immediate, direct deposit to a strategy protocol's vault/pool. Belt Finance itself does not charge any fee and any fee that does arise is the entrance fee for that particular protocol.
* deposit1 (delayDeposit)
  * This is a delayed deposit to a strategy protocol/pool to save on gas fees by spreading it out over multiple deposits. In this case, a conservative estimate of the entrance fee to the protocol is calculated and is initially charged.

Currently\*\*,\*\* the entrance fee ranges from 0% to 0.11%, depending on the strategy used at the time of deposit.

**Any unused entrance fees will be capital to pool.**

## Withdrawal Fees

***Fundamentally, Belt.fi BeltMultiVaults do not take any withdrawal fees to our own contract.***

**If a strategy protocol used at time of a withdrawal does charge an exit fee, there will be a withdrawal fee as per that strategy protocol's rules. Withdrawal fees are variable depending on the status of the multi-vault pools to keep the ratio of the pool stable.**

If there is the possiblity of an extra fees arising of a strategy protocol's withdrawal, the Belt Strategy contract will reserve a small a withdrawal fee to hedge against it. **Any unused withdrawal fees will be capital to pool.**

Currently\*\*,\*\* the withdrawal fee ranges from 0% to 0.06%, depending on the strategy used at the time of withdrawal.

## Details about the fees of each strategy

### BSC Vault

#### 1. Venus

* APY:
  * Source: Supply Interest - Borrow Interest + XVS distribution
  * BASE\_APY: (supplyValue \* supplyAPY - borrowValue\* borrowAPY + Expected\_XVS\_APY \* 0.88) / (supplyValue - borrowValue)

\[Note] This base APY calculation method is the same as the existing venus pool. However, we are showing a more precise method through multiplying Expected\_XVS\_APY by 0.88

* Fees
  * entranceFee : 0.05% (originationFee 0.1% hedging)
  * controllerFee : 12% of XVS distribution rewards
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withrdrawalFee : 0.05% (originationFee 0.1% hedging)

#### 2. Fortube

* Daily Distribution: 100,000 $FOR (\~$12,400)
* APY
  * Source: Supply Interest - Borrow Interest + FOR distribution
  * BASE\_APY: (supplyValue \* supplyAPY - borrowValue \* borrowAPY + Expected\_FOR\_APY \* 0.88) / (supplyValue - borrowValue)
* Fees:
  * entranceFee: 0.05% (currently no originationFee)
  * controllerFee: 12% of FOR distribution rewards
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0.05% (currently no originationFee)

#### 3. Alpaca

* APY
  * Source: Lending interest + Deposit interest
  * BASE\_APY : Lending interest \* 0.88 + Staking interest \* 0.88
* Fees
  * entranceFee: 0%
  * controllerFee: 12% of Lending interest, 8% of Staking interest
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0%

#### 4. Alpha Homora

* APY
  * Source: Lending interest
  * BASE\_APY: Lending interest \* 0.88
* Fees
  * entranceFee: 0%
  * controllerFee : 12% of Lending interest
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0%

#### 5. Ellipsis

* APY
  * Source: 3pool base APY + Rewards APY
  * \`BASE\_APY\` : 3pool base APY + Rewards APY \* 0.5 \* 0.88
* Fees
  * entranceFee: 0%
  * controllerFee: 12% of claimable of EPS distribution (Ellipsis charges a 50% penalty when rewards are claimed immediately and not vested)
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0.01% + Ellipsis's penalty
    * (depending of the status of the 3pool, it is possible to have a penalty when withdrawing. To hedge against this, we reserve a 0.01% fee. Whatever is not used is capital to pool.)

### HECO Vault

#### 1. Channels

* APY
  * Source: Supply Interest - Borrow Interest + CAN distribution
  * BASE\_APY ⇒ (supplyValue \* supplyAPY - borrowValue \* borrowAPY + Expected\_CAN\_APY \* 0.88) / (supplyValue - borrowValue)
* Fees:
  * entranceFee: 0.000001%
  * controllerFee: 12% of CAN distribution rewards
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0%

#### 2. Filda

* APY
  * Source: Supply Interest - Borrow Interest + FILDA distribution
  * BASE\_APY ⇒ (supplyValue \* supplyAPY - borrowValue \* borrowAPY + Expected\_FILDA\_APY \* 0.88) / (supplyValue - borrowValue)
* Fees:
  * entranceFee: 0.000001%
  * controllerFee: 12% of FILDA distribution rewards
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0%

#### 3. LendHub

* APY
  * Source: Supply Interest - Borrow Interest + LHB distribution
  * BASE\_APY ⇒ (supplyValue \* supplyAPY - borrowValue \* borrowAPY + Expected\_LHB\_APY \* 0.88) / (supplyValue - borrowValue)
* Fees:
  * entranceFee: 0.000001%
  * controllerFee: 12% of LHB distribution rewards
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0%

### KLAYTN Vault

#### 1. Donkey

* APY
  * Source: Supply Interest - Borrow Interest + kDON distribution
  * BASE\_APY ⇒ (supplyValue \* supplyAPY - borrowValue \* borrowAPY + Expected\_kDON\_APY \* 0.88) / (supplyValue - borrowValue)
* Fees:
  * entranceFee: 0.001%
  * controllerFee: 12% of kDON distribution rewards
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0%

#### 2. Qubit

* APY
  * Source: Supply Interest - Borrow Interest + KQBT distribution
  * BASE\_APY ⇒ (supplyValue \* supplyAPY - borrowValue \* borrowAPY + Expected\_KQBT\_APY \* 0.88) / (supplyValue - borrowValue)
* Fees:
  * entranceFee: 0.001%
  * controllerFee: 12% of KQBT distribution rewards
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0%

#### 3. KLAYswap

* APY
  * Source: Lending interest + Deposit interest
  * BASE\_APY : Lending interest \* 0.88 + Staking interest \* 0.88
* Fees
  * entranceFee: 0%
  * controllerFee: 12% of Lending interest, 12% of Staking interest
    * This is used solely for buyback + burn of $BELT (8%) + BELT staking rewards (4%)
  * withdrawalFee: 0%

## Swap Fee

For stablecoin swaps through Belt Finance, there is a 0.1% Swap Transaction Fee.