A 10% performance fee on realized profits, charged when you close your position. “Profit” means anything above your cumulative deposits valued in the loan token. If you deposited 10,000 USDC and close at 13,000, profit is 3,000, fee is 300, you get 12,700. If you break even or lose money, there’s no fee.This only applies to correlated pairs like sUSDe/USDC or wstETH/WETH.
Up to 1% on capital entering the position. Gets charged on leverage(), supplyCollateral(), and repay() operations. No yield fee on close.The reasoning here is that non-correlated positions are more like leveraged directional trades. Many might get liquidated before the user ever closes profitably, so a small upfront fee makes more sense than a performance fee that might never trigger.
No management fees. No withdrawal fees beyond gas. No extra charges on increaseLeverage() or borrow(). Morpho flash loans are free. The owner can adjust fees but only within the hardcoded caps (10% yield fee or 1% deposit fee).
