Fees
Concrete offers a transparent fee structure, ensuring competitive rates across its ecosystem. Two fee types are available — a management fee and a performance fee — but not every vault applies both. Each vault's fee configuration depends on its strategy and commercial terms. Both fees are paid by minting vault shares to a fee recipient rather than transferring the underlying asset, so the cost is reflected directly in the share price.
Fee summary
| Fee Type | Range | Description |
|---|---|---|
| Deposit Fee | None | No fees on deposits |
| Withdrawal Fee | None | No fees on withdrawals |
| Management Fee | 0-10% of AUM | Annualized charge on vault AUM, accrued continuously based on time elapsed.Configured per vault, with a standard rate of 1.5% applied to most vaults — see individual vault pages for rates applied to your vault. |
| Performance Fee | 0–30% of net positive yield | Charged only when strategies produce net gains after losses at the time of yield accrual. Configured per vault — see individual vault pages for current rates. |
Actual rates are configured per vault — refer to individual vault pages for current values. Because fees are paid in shares, existing shareholders are diluted proportionally rather than charged separately. Every fee accrual emits on-chain events indexed by Concrete's subgraph, so share-price impact is observable in real time.
How fees accrue
Fees are calculated as part of the vault's yield accrual process, in this order:
- Yield and loss update — Each strategy's current value is compared to its last recorded value.
- Management fee — Accrues on the updated total assets, calculated based on time elapsed since the last accrual.
- Performance fee — Accrues on net positive yield (gains minus losses). If there is no net positive yield, no performance fee is charged.