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OpenEden Documentation
OpenEden Documentation
  • 👋Welcome To OpenEden
  • 🔵TBILL
    • Introduction
    • Product Structuring
    • Investor Onboarding
    • Subscriptions
    • Redemptions
    • Fees
    • Token Price
    • Risks
    • Trust & Transparency
    • Smart Contract Addresses
    • On-chain Governance & Controls (I)
    • Off-chain Governance & Controls (II)
    • FAQ
    • Legal
      • User Agreement
      • AML/CFT Policy
      • Cookie Policy
      • Electronic Signature Policy
      • Privacy Policy
  • 🟣USDO
    • Introduction
      • Product Structuring
      • Bankruptcy Remoteness
      • USDO Reserves
      • Eligibility
        • Prohibited Jurisdictions
        • Onboarding Steps
      • Service Providers
    • USDO Token
      • Minting Workflow
      • Redemption Workflow
      • Cut-Off Time
      • Bonus Multiplier
      • Fees
      • Reserve Assets
    • cUSDO Token
    • Collateralization Ratio
    • Transparency
    • Risks
      • Smart Contract Risk
    • FAQs
    • Developers
      • Integration Guide
      • Contracts
    • Legal
      • User Agreement
      • Cookie Policy
      • Electronic Signature Policy
      • Privacy Policy
    • Guides
      • USDO Instant Mint via Etherscan
      • USDO Redemption via Etherscan
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  • Total Expense Ratio
  • Transaction Fees
  1. TBILL

Fees

Total Expense Ratio

The Total Expense Ratio is charged by the Investment Manager and accrues daily on-chain for the management of the U.S. T-Bills portfolio.

Item
Description
Fee

Total Expense Ratio

Annual Expense Ratio charged daily on the current TVL.

0.30% p.a.

The scope of the Total Expense Ratio includes:

  • Maintaining the target weighted-average maturity of the portfolio

  • Rolling over matured U.S. T-Bills into new securities and compounding earned returns

  • Complying with the regulatory requirements of management of Investors’ capital

  • Commissioning third-party audits of portfolio assets

  • Commissioning regular smart contract audits and security reviews of the TBILL Vault by third-party providers

  • Custodian fees

Transaction Fees

The transaction fee will be imposed on a user during a subscription or redemption process (paid in USDC). This fee is computed on-chain and will be floated into Investment Manager's treasury address.

Item
Description
Fee

Transaction Fee Rate

Fee charged on subscription and redemption transactions

5 bps

The Transaction Fee will mainly cover the operational costs of maintaining the Vault across on-chain and off-chain venues. Some of the costs to be incurred are:

  • Ethereum gas fees

  • Bank wire fees

  • Digital asset to fiat conversion fees

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Last updated 4 months ago

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