Fee Structure
Last updated: 8 October 2026.
Exceed charges a single fee: a 0.2% redemption fee on the amount withdrawn. There are no performance fees, no management fees and no deposit fees on any product.
Standard Products (exTokens)
| Fee Type | Rate | Description |
|---|---|---|
| Performance fee | 0% | No performance fee |
| Management fee | 0% | No annual management fee |
| Deposit fee | 0% | No fee to deposit |
| Redemption fee | 0.2% | Charged on the amount withdrawn. All products (exSOL, exUSDC, exBTC) |
How the Rate Works
Each product’s APY is set on-chain and the exchange rate compounds every 8 hours at that rate. Nothing is deducted from the set rate. The only fee a holder pays is the 0.2% redemption fee when withdrawing.
Example
A holder redeems exUSDC worth 10,000 USDC at the current exchange rate:
- Redemption fee: 10,000 × 0.2% = 20 USDC
- Delivered to the holder: 9,980 USDC
Treasury Mandates (Institutional)
Mandate fee structures are negotiable based on allocation size and terms:
| Tier | Performance Fee | Management Fee | Notes |
|---|---|---|---|
| Standard ($500K-$5M) | 15% | 0% | |
| Institutional ($5M+) | Negotiable (10-15%) | 0% | Volume discount available |
| Strategic (case by case) | Custom | Custom | For strategic partners, DAOs |
What’s Included
All mandate tiers include:
- Daily engine optimization
- Weekly yield reporting with strategy attribution
- Real-time Hypernative monitoring
- Dedicated operational support
- ForDefi MPC custody
No Hidden Fees
There are no additional fees for:
- Rebalancing transactions (gas costs absorbed by Exceed)
- Reporting and analytics
- Onboarding and setup
- Risk parameter adjustments
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