# Fees & Transparency

Simple, honest pricing. No hidden costs.

unflat operates on a straightforward fee model designed to align our incentives with yours: we only earn when you earn.

## Performance fee: 15% on yield

unflat charges a **15% performance fee on yield generated**, not on your principal.

This means:

* If the protocol generates 0% yield, unflat earns nothing
* unflat's fee is calculated only on the interest your deposit generates
* Your principal is never touched by fees

### Example

| Item                         | Amount     |
| ---------------------------- | ---------- |
| Your deposit                 | €10,000    |
| Gross yield (1 year, \~8.2%) | €820       |
| unflat fee (15% of yield)    | €123       |
| **Your net earnings**        | **€697**   |
| **Effective net APY**        | **\~7.0%** |

## What we do NOT charge

* No deposit fees
* No withdrawal fees
* No management fees
* No account maintenance fees
* No hidden spreads
* No minimum balance fees

The 15% performance fee is the only revenue unflat takes from users.

{% hint style="info" %}
**Why this model?** A performance fee means unflat's incentive is to maximize your returns. If you earn nothing, we earn nothing. Our interests are aligned, which is how it should be.
{% endhint %}

## How this compares

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

unflat's approach is different: full transparency, performance-only fees, and everything verifiable on-chain.

## Future revenue streams

As unflat grows, additional revenue may come from:

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

These revenue streams do not affect user fees. The 15% performance fee on yield remains the only cost to users.


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