Fees & Parameters

Fee Parameters

Performance fee: 20% of APR

Management fee: flat fee of 2% of AUM (annually)


Performance Fee


20% of APR is collected every week.

  • 10% of 20% is distributed as revenue sharing to governance token stakers

  • 10% of 20% is used to cover operational expenses

Management Fee

2% (yearly)

Flat rate is taken from vault deposits over a year (2% of TVL, yearly). Fee is taken by minting new shares of the vault upon every user action.

  • 1% of 2% is distributed as revenue sharing to governance token stakers

  • 1% of 2% is used to cover operational expenses

Vault-Specific Parameters

The parameters are subject to change according to strategy performance.

nGLP Vault


Fee paid to GMX

±0.4% (dynamic)

Fee consists of

  • Buy/sell GLP fee

  • Open/close short position fee

  • Two-part transaction fee on GMX

The fees are paid to the GMX protocol, and at no time will Neutra Finance profit from them.

Target Leverage

8x ~ 10x

Target leverage used to open and maintain short position on GMX

Rebalance Threshold


Strategy rebalances when GLP asset weight deviation + price volatility range reaches the threshold

nUSDC Vault


Collateral Ratio


The higher the collateral ratio, the more funds will be allocated to the LP pool.

Debt Ratio (Rebalance Threshold)


Strategy rebalances when position LTV and impermanent loss reaches the threshold

Harvest Interval

8 hours

Harvest includes:

  1. The inflow of deposits into the strategy

  2. Auto-compounding & auto-staking of rewards

  3. Acquisition of fees (performance & management fees)

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