Fees

Fees

Fee Summary

Fee Component	Rate	Applied When
Minting Fee	0%	Per deposit
Redemption Fee	0.10% (10bps)	Per withdrawal
Management Fee	0.35% p.a. (35bps)	Accrues daily

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Transaction Fee

The transaction fee is computed on-chain and directed to OpenEden's treasury address. It consists of two components:

Formula:

transactionFee = MAX(minimumTransactionFee, (depositOrWithdrawAmount * transactionFeeRate + partnershipFeeRate))

Base Transaction Fee

A base layer fee applied to all deposits and withdrawals, covering:

• Wire transfer costs

• Execution spread

• Trading fees

• Margin fees

Parameter	Description
Transaction Fee Rate	Base percentage applied to all transactions
Minimum Transaction Fee	Floor amount for any transaction

Partnership Fee

An additional fee component applied to transactions from users referred by OpenEden affiliate partners. Fee discounts may be granted by setting a negative partnershipFeeRate.

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Management Fee

OpenEden's management fee of 0.35% per annum is not embedded in the token exchange rate. Instead, it is collected through a daily token minting mechanism.

Daily Fee Calculation:

Daily Fee = (Total AUM × 0.0035) / 365

Minting Process:

1. The daily fee amount (in USD) is converted to HYBOND tokens at the current exchange rate (= BNY NAV)

2. Additional HYBOND tokens representing the daily management fee are minted to OpenEden's custody wallet

3. These tokens maintain full 1:1 NAV backing by the underlying fund units

ℹ️ The on-chain NAV per token always equals the off-chain BNY NAV per unit. Strict 1:1 parity is maintained at all times. Management fee tokens are included in total supply and are fully backed.