> For the complete documentation index, see [llms.txt](https://docs.sherpa.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.sherpa.trade/general/tokenomics/fee-structure.md).

# Fee Structure

The following user interactions within the Sherpa protocol incur fees, listed with their respective percentages:

## Swaps <a href="#straight-swaps" id="straight-swaps"></a>

**Single token** swaps — 0.05% fee\
(involving 1 input and 1 output asset)

**Multi token** swaps involving:

* &#x20;3-4 assets — 0.1% fee
* 5-8 assets — 0.15% fee

{% hint style="info" %}
Above asset quantities count both multiple inputs and outputs
{% endhint %}

## Strategy Lab & Apex <a href="#opening-positions" id="opening-positions"></a>

0.2% fee on executed limit orders and DCA schedules. No fee for placing orders.

**Single token** trades — 0.15% fee\
(involving 1 input and 1 output asset)

**Multi token** swaps involving:

* &#x20;3-4 assets — 0.2% fee
* 5-8 assets — 0.3% fee

#### Publishing Strategies <a href="#publishing-strategies" id="publishing-strategies"></a>

No direct cost; however, users must hold `mSHERP` in order to publish Strategies. By holding an increased amount of `mSHERP`, users can create a larger number of Strategies and earn a higher share of fees from adopting users. See VIP Tier Schedule

#### Yield Opportunities <a href="#yield-opportunities" id="yield-opportunities"></a>

No charge to delegate to them aside from the Position creation fee above; however, there is a 5% performance fee deducted from any yield the user earns.

Note:

Once the minimum asset quantity is reached, this percentage is applied to all assets in the swap, *e.g.,* in an eight asset multi-swap, all eight assets are charged a 0.12% fee\
\
\
\
swap 2 assets 0.05% over 3-4 0.1% 5-8 0.15%

strategy trades 2 assets .15% over 3-4 0.3% 5-8 0.45%&#x20;

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