# Fees

* Only Yield Layers & Strategy Vaults charge performance fees
* Automated strategies on Polygon and Avalanche do not charge any fees
* Yield Layers does not charge any fees when the strategy is not active

1. **Performance Fee** CIAN charges a 8% performance fee on profits made. This fee is already calculated in the Net APY shown. Net APY = Gross APY \* ( 1 - performance fee ).

For example, if you deposit 10 ETH and the APY is 10%, the performance fee we charge for the year would be: 10 × 10% × 8% = 0.08 ETH

2. **Exit Fee** 0.02% of the users’ NAV will be charged when exiting the vault to prevent malicious behavior.

This fee will directly go back into the vault.

{% hint style="info" %}
The performance fee is charged continuously, while the exit fee is only charged once.

Suppose you deposited 10 ETH into a Yield Layer and kept it there for an entire year before withdrawing. The average APY for this Yield Layer is 10%.

**The total fees would be:**\
**Initial deposit:** 10 ETH\
**APY:** 10 %\
**Time period:** 1 year\
**Performance fee:** 8%\
**Exit fee:** 0.02%

1. Earned yields = 10 ETH × 10% = 1 ETH
2. Performance fee = 1 ETH × 8% = 0.08 ETH
3. Final position before withdrawal = 11 ETH (10 ETH initial + 1 ETH yield)
4. Exit fee = 11 ETH × 0.02% = 0.0022 ETH

Total fees = Performance fee + Exit fee\
\= 0.08 ETH + 0.0022 ETH\
\= 0.0822 ETH
{% endhint %}