# 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 --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://uvmoney.gitbook.io/docs/ultraviolet/fees.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.