Vaults
Yield and Fees
How realized yield, performance fees, network fees, and execution costs are described.
Yield calculation
Yield comes from changes in the amount of redeemable underlying assets in a Vault. APY is an estimate based on current or historical data and does not represent future returns.
Negative strategy performance, liquidity limits, fees, or execution costs may reduce redeemable value. Frontend data may lag behind confirmed on-chain state.
Fee table
| Fee or cost | Current documentation status | Notes |
|---|---|---|
| Management fee | 0% | No separate management fee was found in the current program source. |
| Deposit fee | 0% | No separate deposit fee was found in the current program source. |
| Withdrawal fee | 0% | No separate flat withdrawal fee was found in the current program source. |
| Performance fee | 0.10% of realized yield | The current program constant is 10 bps. The fee applies only to realized profit, not principal. |
| Solana network fee | Paid by the user | Network fees are paid to the Solana network, not to Lucida. |
| Strategy execution costs | Variable | Execution costs depend on the configured strategy and transaction path. |
performance fee = max(realized assets - attributable principal, 0) x performance fee rateFee conditions
- No realized yield. If there is no realized yield, the performance fee should be zero.
- Principal. The performance fee is not charged against principal.
- Estimates. Actual received amounts may differ from frontend estimates because of integer rounding and on-chain execution.