> For the complete documentation index, see [llms.txt](https://docs.openeden.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.openeden.com/hybond/fees.md).

# Fees

### Fees

#### Fee Summary

<table><thead><tr><th>Fee Component</th><th>Rate</th><th>Frequency</th><th data-hidden>Launch Promotion Fee</th></tr></thead><tbody><tr><td>Minting Fee</td><td>0.05% (5bps)</td><td>Per deposit</td><td>Zero Fees</td></tr><tr><td>Redemption Fee</td><td>0.05% (5bps)</td><td>Per withdrawal</td><td>Zero Fees</td></tr><tr><td>Management Fee</td><td>0.40% p.a. (40bps) to BNY<br>0.60% p.a (60bps) to OpenEden</td><td>Accrues daily </td><td>Zero Fees</td></tr></tbody></table>

***

#### 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            |

***

#### Management Fee

The Company implements a management fee charge for HYBOND, where this fee would be charged daily according to the circulating supply\* of HYBOND in circulation as determined by the Company.\
\
Management fees would be accrued on daily basis in the form of additional HYBOND tokens and claimed on a monthly basis.

> *\*Circulating supply of HYBOND does not include existing existing HYBOND tokens accrued as management fees and HYBOND tokens that have been submitted for redemption.*