> For the complete documentation index, see [llms.txt](https://usyc.docs.hashnote.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://usyc.docs.hashnote.com/overview/fees.md).

# Fees

## Standard Fees

| Performance Fee | Subscription Fee<sup>1</sup> | Redemption Fee<sup>2</sup> |
| --------------- | ---------------------------- | -------------------------- |
| 10% of yield    | 4 bps                        | 3 bps                      |

We offer tiered fees for private liquidity. Contact your Circle BD representative for details<br>

<sup>1</sup> Subscriptions are processed in USDC. The fee applies when burning USDC to subscribe to USYC.&#x20;

<sup>2</sup> All redemptions are processed into USDC.

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For more information, please contact us at <customer-support@circle.com>.

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