> 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-second-fold-v2/collection-and-vault-user-guides/what-are-collections/lovinfrared-collection/oribgt-smart-leverage-tulipa-cluster/fee-schedule.md).

# Fee Schedule

| Fee Parameter            | Value | Notes |
| ------------------------ | ----- | ----- |
| `FixedDepositFeePercent` | 0%    |       |
| `FixedExitFeePercent`    | 2%    |       |
| `LevFactor`              | N/A   |       |
| `Protocol Fee`           | 2%    |       |

{% hint style="info" %}
`FixedExitFeePercent` *is a vault operational cost for entering and unwinding leveraged positions. This is incurred upon a user burning their vault shares for the underlying reserves at exit.* 

*The vault fees do not go to the Origami Treasury.* 

*For leveraged vaults, 2% of the exiting vault shares are burned and not returned to the user. By burning these shares, reserve per share will increased for the remaining vault depositors.*
{% endhint %}