Fees

Fees

Fee Summary

Fee Component	Rate	Frequency
Minting Fee	0.05% (5bps)	Per deposit
Redemption Fee	0.05% (5bps)	Per withdrawal
Management Fee	0.40% p.a. (40bps) to BNY 0.60% p.a (60bps) to OpenEden	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

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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.