> For the complete documentation index, see [llms.txt](https://docs.origami.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.origami.finance/the-first-fold-v1/ovtoken-fees.md).

# ovToken Fees

Origami charges a standard 10% Protocol fee on the harvested rewards and is paid in oTokens to Origami's treasury.

### Protocol Fee Example

* 1 WETH is collected in rewards from having GMX staked on the GMX platform
* The 1 WETH is converted into 35 GMX by selling on a DEX pool
* The 35 GMX are staked and correspondingly 35 oGMX are minted as reserves
* 10% of the oGMX (3.5 oGMX) is sent to Origami Treasury as a fee
* 90% of the oGMX (31.5 oGMX) is dripped to ovGMX's reserves over a period of 2 days to grow its reservePerShare