Skip to main content

Documentation Index

Fetch the complete documentation index at: https://docs.tiltprotocol.com/llms.txt

Use this file to discover all available pages before exploring further.

​
FeeManager

The FeeManager contract handles fee configuration and revenue distribution between the protocol treasury and vault curators.

​
Fee Parameters

FeeDefaultMaximumCollection Method
Entry0.30% (30 BPS)1.00% (100 BPS)Deducted from deposit
Exit0.50% (50 BPS)2.00% (200 BPS)Deducted from withdrawal
Management0.50% (50 BPS) annualized2.00% (200 BPS)Share dilution
Performance15.00% (1500 BPS) above HWM30.00% (3000 BPS)Share dilution

​
Revenue Split

All collected fees are split between two recipients:
  1. Protocol Treasury — minimum 20% of all fees
  2. Curator Wallet — up to 80% of all fees (set at vault creation)
For oracle-driven vaults (politician trackers), 100% goes to the protocol treasury.

​
Share Dilution

Management and performance fees are collected by minting new vault shares to fee recipients. This dilutes all shareholders proportionally: 
New shares minted = fee_amount / share_price
These shares are split according to the revenue split ratio and sent to the protocol treasury and curator wallets.

​
High-Water Mark

Performance fees use a high-water mark (HWM) mechanism:
  • The HWM tracks the highest share price ever achieved
  • Performance fees are only charged on gains above the HWM
  • After a drawdown, no performance fees are charged until the previous high is exceeded
  • This prevents double-charging investors who experience losses