Public Vault profits are subject to a tiered total fee. Manager share increases with TVL + track record (30-day rolling IRR, on-chain verifiable). Platform takes the remainder. Aligns incentives: elite performance → higher cut (up to 5%, hedge-fund grade).
Tier
TVL Milestone
Track Record
Manager Fee
Platform Fee
Total Fee
Rationale
Tier 1
Pass Challenge
Any
0.5%
0.5%
1.0%
Entry
Tier 2
$1M+ TVL
30% IRR
1.0%
0.5%
1.5%
Early scale
Tier 3
$10M+ TVL
50% IRR
2.0%
0.8%
2.8%
Pro league
Tier 4
$50M+ TVL
100% IRR + 6mo live
5.0%
1.0%
6.0%
Hedge Fund Grade
How It Works
Fee calculated per withdrawal above HWM
Accrues in real-time, deducted on withdraw()
Paid in USDC (or ETH if vault is ETH-denominated)
Example (Tier α):
Vault grows from $50M → $55M (+10%)
Profit = $5M
Total Fee = $300K → $250K to Manager, $50K to platform