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Fee Structure

All fees on Tilt Protocol are enforced by smart contracts. No hidden charges, no off-chain deductions — everything is transparent and auditable on-chain.

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Fee Types

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Entry Fee

Charged when an investor deposits into a vault.
Default0.30%
Maximum1.00%
Collected intiltUSDC (deducted from deposit)

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Exit Fee

Charged when an investor withdraws from a vault.
Default0.50%
Maximum2.00%
Collected intiltUSDC (deducted from withdrawal)

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Management Fee

Charged continuously on assets under management (AUM), annualized.
Default0.50% per year
Maximum2.00% per year
Collection methodShare dilution (new shares minted to fee recipients)

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Performance Fee

Charged on gains above the high-water mark (HWM). This prevents double-charging after drawdowns — fees are only collected on new all-time highs.
Default15.00% of gains above HWM
Maximum30.00%
Collection methodShare dilution

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Fee Flow Example

Investor deposits 10,000 tiltUSDC
  └─ Entry fee: 0.30% → 30 tiltUSDC to FeeManager
  └─ Net deposit: 9,970 tiltUSDC → vault mints shares

Portfolio grows 20% over 1 year (AUM: ~12,000 tiltUSDC)
  └─ Management fee: 0.50% of AUM accrued continuously via share dilution
  └─ Performance fee: 15% of gains above HWM via share dilution

Investor withdraws full position
  └─ Exit fee: 0.50% deducted from gross withdrawal
  └─ Vault auto-liquidates tokens → returns tiltUSDC

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Revenue Split

Fee revenue is split between the protocol treasury and the vault’s curator:
ProtocolCurator
Minimum20%0%
Maximum100%80%
The curator’s share is configured at vault creation and enforced by FeeManager. The protocol always retains at least 20%.

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Oracle Vaults (Flagship)

For protocol-owned vaults (e.g., politician trackers), 100% of fees go to the protocol treasury.

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Curator Vaults (User-Created)

The curator sets their fee share at creation time. For example, a curator requesting 60% share means:
  • 60% of all fees → curator wallet
  • 40% of all fees → protocol treasury

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Why This Model

Traditional hedge funds charge “2-and-20” (2% management, 20% performance) with no transparency. Tilt’s fee model is:
  • Lower — defaults are well below industry standard
  • Capped — maximums enforced by contract code
  • Transparent — all fee calculations are on-chain and auditable
  • Fair — high-water mark prevents performance fee abuse