Fees

Minting & Redemption A dynamic fee is applied to UV asset minting and redemptions. This is based on a variety of factors including total UV assets in supply and within liquidity pools. When liquidity pools become unbalanced or skweed, mint and redemption fees will increase/decrease accordingly to ensure balance within pools is kept. Fees will be 0.25% at a base and increase to a maximum of 25% in extreme scenarios.

There is no fee for uvBGT minting via the yBGT migration

Management Fees Ultraviolet vaults have a variable management fee dependending on yield upto 20% annualised.

Redemption for BGT

yBGT can be redeemed into BERA with a 10% fee application