> For the complete documentation index, see [llms.txt](https://docs.ipor.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ipor.io/fusion-for-depositors/user-guide/vault-fees.md).

# Vault Fees

Detailed information about each vault's fee structure can be found on the "Vault Info" page (next to "Overview") for each Fusion vault.

<figure><img src="https://3230227844-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtCmHUPokv1qQ5OTCbUd2%2Fuploads%2FPlPETk5Y4Jj7qMHCmIRV%2Fimage.png?alt=media&amp;token=f2ca09a8-bfa6-410b-9e3b-2e7aad3b7c6b" alt="" width="407"><figcaption></figcaption></figure>

Fusion vaults aim to set a standard for transparency in DeFi. The "Vault Info" page includes essential information in that respect, including the wallets of vault-related roles and contracts, as well as, all fees, contributions, and other essential information.

<figure><img src="https://3230227844-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtCmHUPokv1qQ5OTCbUd2%2Fuploads%2FMyo5XJfOy4Ugyb1PaJaV%2Fimage.png?alt=media&amp;token=e568ba41-77c7-4302-ae36-f6b8744a00d0" alt="" width="543"><figcaption></figcaption></figure>

It's recommended that users check the "Vault Info" page before depositing in a vault, so they are informed about fees and the deposit/withdrawal policy.

## Fee Accounting Schedule

Fees are not charged on a fixed calendar schedule (such as monthly or annually). Instead:

* **Automated Deductions**: The fee is calculated and deducted automatically whenever the vault's share price updates—such as during user deposits, withdrawals, or strategy rebalances.
* **Real-Time Share Pricing**: Because fees are processed in parallel with share price updates, the price displayed on your dashboard is always fully up-to-date and net of fees, ensuring no hidden charges at withdrawal.

## Where Do the Fees Go?

When performance fees are collected, they are held in a secure contract and split between:

1. **The IPOR DAO**: A portion goes to the protocol to support the network.
2. **The Vault Curator**: A portion goes directly to the strategists and partners who build and manage the vault.