> For the complete documentation index, see [llms.txt](https://unflat.gitbook.io/unflat-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://unflat.gitbook.io/unflat-docs/product/fees-and-transparency.md).

# Fees & Transparency

Simple, honest pricing. unflat takes no fee on what you earn.

## No fee on your yield

unflat charges **no performance fee and no management fee**. What the rate says is what you keep.

Until August 2026 unflat applied a 15% performance fee on the yield generated. That fee was **set to 0% on 3 August 2026**. Your deposit now earns the full rate the app displays.

### Example

| Item                      | Amount     |
| ------------------------- | ---------- |
| Your deposit              | €10,000    |
| Rate shown (1 year, \~7%) | €700       |
| unflat fee                | €0         |
| **Your net earnings**     | **€700**   |
| **Effective net APY**     | **\~7.0%** |

## What we do NOT charge

* No performance fee
* No management fee
* No subscription or paid tier
* No deposit fees
* No withdrawal fees
* No account maintenance fees
* No hidden spreads
* No minimum balance fees

{% hint style="info" %}
**Is the protected vault an upgrade?** No. unflat Premium, the paid tier, was discontinued in August 2026. On-chain cover is available to everyone with no additional cost charged by unflat.
{% endhint %}

## Costs that are not ours

Two third-party costs can apply to your deposit. Neither is unflat revenue:

* **On-ramp and off-ramp fees.** Buying, converting or cashing out through a card, bank transfer or exchange partner carries that provider's own fee. Network (gas) fees apply to on-chain transfers.
* **Cover premium on protected deposits.** Around 1.15% per year, set by the cover provider (Nexus Mutual) and streamed on-chain out of the yield. It is already included in the rate shown for protected deposits and it is paid to the cover provider, not to unflat.

We name these because a rate that hides them is not a transparent rate.

## How unflat makes money

unflat currently takes nothing from its users. Revenue is expected to come from:

* Partnership fees from vault curators supporting fund flows
* White-label API licensing to fintechs and neobanks

These revenue streams are not charged to users. Any change to user pricing will be published on this page.

## How this compares

Many competitors obscure their fee structure or take a cut of your yield without disclosing it clearly. Some charge management fees on your principal regardless of performance, so they earn even when you don't.

unflat's approach is different: nothing taken from your yield, every third-party cost named, and everything verifiable on-chain.