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MicroVault fees accrue by minting shares to the fee recipient. This preserves the vault’s invested assets while diluting other shareholders by the fee amount. The management fee accrues annually on shareholder capital. The performance fee applies to gains above the vault’s previous high-water NAV, so the same performance is not charged twice.

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Prerequisites

  • An active VAULT_ID
  • The fee recipient’s EVM address
  • Management and performance fees expressed in basis points
  • uuidgen for the idempotency key
100 basis points is 1%. Use 0 to disable either fee.

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1. Read the current policy

Record the existing recipient and both fee rates. An update replaces the complete fee policy rather than changing one field in isolation.

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2. Submit the new policy

This example sets a 0.25% annual management fee and a 10% performance fee.
The response contains a task for the onchain configuration change. Fee shares minted before this update remain with the previous recipient.

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3. Wait for confirmation

Refresh the vault until the task has confirmed and the new fee policy appears. Do not submit another fee update while the first change is pending.

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Confirm the fee policy

Verify all three values: fee recipient, management fee, and performance fee. A confirmed policy controls future accrual; it does not retroactively recalculate fees already accrued.