Documentation Index
Fetch the complete documentation index at: https://docs.superform.xyz/llms.txt
Use this file to discover all available pages before exploring further.
All fees taken are configurable by the strategist with a split to Superform that can be turned on by governance.
| Fee Type | Description |
|---|
| Management | Configurable by the strategist, applied to the initial deposit amount |
| Performance | Configurable by the strategist, applied to profits above cost basis when users redeem |
| Upkeep | Strategists pay UP tokens for validators to update prices |
Fee Skimming Mechanism
Performance fees are taken only from realized profits, these fees are obtained periodically via the fee skimming mechanism.
The high-water mark is the last price-per-share level at which performance fees were taken; fees are only charged on PPS growth above this baseline, and after each fee skim the new (post-fee) PPS becomes the updated high-water mark for future calculations.
Because deposits and redemptions are PPS-neutral, the high-water mark only moves when yield has actually been realized and fees are skimmed on that realized profit.
