Fees & APY

Grimoire vaults earn yield from two sources: LP fees and bounty streams.

Where does the yield come from?

Fees APR: Swap fees from the Uniswap v4 pool, auto-compounded into your position. Every time someone trades through the pool, a small fee is captured and added to your position.

Bounty APR: Rewards streamed by runner teams in their native tokens ($AI, $PONS, $CASHCAT). These are funded by runner projects to incentivize liquidity.

How is APY calculated?

APY shown is the 7-day average, not a spot rate. This smooths out volatility in fee income and gives a more realistic estimate of expected returns.

Protocol fees

A small performance fee is taken from earned LP fees. Bounty streams are distributed in full to depositors — the protocol takes no cut from runner rewards.

No hidden fees

• No deposit fee
• No withdrawal fee
• No management fee
• Performance fee on LP fees only (not on bounty)