> For the complete documentation index, see [llms.txt](https://docs.canopyhub.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.canopyhub.xyz/operations/fee-structure.md).

# Fee Structure

### Overview

Canopy’s fee system consists of two major types:

1. **Performance Fees** – Success-based fees taken on strategy profits.
2. **Management Fees** – Time-based fees applied to assets under management (AUM).

| Strategy Name                    | Management Fee | Performance Fee |
| -------------------------------- | -------------- | --------------- |
| MOVE Simple Lending Echelon      | 1.5%           | 0%              |
| MOVE Simple Lending Layerbank    | 1.5%           | 0%              |
| MOVE Simple Lending Moveposition | 1.5%           | 0%              |
| MER USDC-USDe                    | 1.5%           | 0%              |
| MER USDC-sUSDe                   | 1.5%           | 0%              |
| MER USDC.e-USDT.e                | 1.5%           | 0%              |
| MER LBTC-WBTC                    | 1.5%           | 0%              |
| MER rsETH-wETH                   | 1.5%           | 0%              |
| MER solvBTC-WBTC                 | 1.5%           | 0%              |
| LBTC Simple Lending              | 1.5%           | 0%              |
| ezETH Simple Lending Echelon     | 1.5%           | 0%              |
| solvBTC Simple Lending Echelon   | 1.5%           | 0%              |
| MER wETH-ezETH Metastable        | 1.5%           | 0%              |
| rsETH Simple Lending             | 1.5%           | 0%              |

* Not all vaults are listed here. Please click into the specific vault to see the fees.