💸Zayn Vaults Fee Structure

0% Management Fee: A flat rate deducted over a year from vault deposits. By creating additional shares of the vault, the fee is obtained through the dilution of vault participants. This is determined at harvest time based on how long it has been since the previous harvest.

9% Performance Fee: Deducted from yields earned every time a vault harvests a strategy.

For example, a vault takes about 0.0055% of deposits per day on average (2% divided by 365 days):

It would dilute vault tokens by 5 *.0055% after 5 days without harvesting It would dilute vault tokens by 7 *0.0055% on the next harvest if it had not happened for 7 days Vaults will only harvest if it is profitable after fees so that users won't withdraw less than their deposit On the ZaynFi user interface, yield is displayed as net APY. This means that both fees and compounding returns are taken into consideration in the rates presented. Since harvests don't occur on a set basis, yield is estimated based on historical data.