# Fees

{% hint style="info" %}
There is a flat performance fee of 2% to 5% swap fees.

For example, if a user creates a vault to manage liquidity and the vault earned $100 fees from Uniswap, the vault's depositors receive $98 and Charm receives $2.
{% endhint %}

{% hint style="info" %}
There are no exit fees, AUM fees, or any other fees.
{% endhint %}

{% hint style="success" %}
The total fees for every vault will be clearly displayed on the Alpha Vaults web app, and [verifiable](https://github.com/charmfinance/alpha-vaults-v2-contracts) on-chain.
{% endhint %}

{% hint style="warning" %}
Community Vault managers may charge additional fees for the Community Vaults.

For example, if a user creates a vault to manage liquidity and charges a manager fee of 5%; and the vault earns $100 fees from Uniswap, the vault's depositors receive $94, the user receives $5, and and Charm receives $1.
{% endhint %}


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