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.

Fee Types

Entry Fee

Charged when an investor deposits into a vault.


Default	0.10%
Maximum	1.00%
Collected in	tiltUSDC (deducted from deposit)

Exit Fee

Charged when an investor withdraws from a vault.


Default	0.50%
Maximum	2.00%
Collected in	tiltUSDC (deducted from withdrawal)

Management Fee

Charged continuously on assets under mirroring (AUM), annualized.


Default	0.50% per year
Maximum	2.00% per year
Collection method	Share dilution (new shares minted to fee recipients)

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.


Default	15.00% of gains above HWM
Maximum	30.00%
Collection method	Share dilution

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

Revenue Split

Fee revenue is split between the protocol treasury and the vault’s curator:

	Protocol	Curator
Minimum	10%	0%
Maximum	100%	90%

The curator’s share is configured at vault creation and enforced by FeeManager. The protocol always retains at least 10%.

Curator Vaults (User-Created)

The curator sets their fee share at creation time. For example, a curator requesting 80% share means:

80% of management and performance fees → curator wallet
20% of management and performance fees → protocol treasury

Note: All entry and exit fees go directly to the protocol treasury.

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

Getting Started

Concepts

Fund Managers

Investors

Resources

Fee Structure

Fee Structure

Fee Types

Entry Fee

Exit Fee

Management Fee

Performance Fee

Fee Flow Example

Revenue Split

Curator Vaults (User-Created)

Why This Model

​Fee Structure

​Fee Types

​Entry Fee

​Exit Fee

​Management Fee

​Performance Fee

​Fee Flow Example

​Revenue Split

​Curator Vaults (User-Created)

​Why This Model

Fee Structure

Fee Types

Entry Fee

Exit Fee

Management Fee

Performance Fee

Fee Flow Example

Revenue Split

Curator Vaults (User-Created)

Why This Model