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Fee Configuration

As a fund manager (curator), you earn a share of the fees collected by your vault. This page explains how to configure your fee share and how revenue flows.

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Setting Your Fee Share

When creating a vault, you specify your curator fee share — the percentage of total fees you receive. The remaining goes to the protocol treasury.
Curator ShareProtocol ShareNotes
0%100%Altruistic — all fees to protocol
40%60%Conservative — balanced split
60%40%Standard — majority to curator
80%20%Maximum — highest curator take
The curator share applies to all fee types (entry, exit, management, performance).
The curator fee share is set at vault creation and cannot be changed afterward. Choose carefully.

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Fee Collection Mechanics

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Entry and Exit Fees

Collected in tiltUSDC at the time of deposit or withdrawal. Sent directly to the FeeManager, which splits and distributes to curator and protocol wallets.

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Management Fees

Accrue continuously via share dilution. The protocol mints new vault shares to fee recipients proportional to the annualized rate applied to total AUM. This dilutes all shareholders equally.

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Performance Fees

Accrue via share dilution, but only when the vault’s share price exceeds the high-water mark (previous all-time high). This means:
  • No performance fees during drawdowns
  • No double-charging — fees only on new gains
  • HWM resets only when a new peak is reached

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Revenue Example

Consider a fund with 80% curator share: 
Fund AUM: 100,000 tiltUSDC
Annual management fee: 0.50% → 500 tiltUSDC equivalent in shares
  └─ Curator receives: 400 tiltUSDC worth of shares (80%)
  └─ Protocol receives: 100 tiltUSDC worth of shares (20%)

Performance above HWM: 20,000 tiltUSDC gain
Performance fee: 15% → 3,000 tiltUSDC equivalent in shares
  └─ Curator receives: 2,400 tiltUSDC worth of shares (80%)
  └─ Protocol receives: 600 tiltUSDC worth of shares (20%)

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Best Practices

  • Start with 40-60% if you’re building a track record — lower fees attract more depositors
  • Use 80% only if you have a proven strategy or strong brand — investors accept higher fees for demonstrated alpha
  • Remember: your seed deposit earns returns too — you’re invested alongside your depositors