# Revenue Share Model

YieldFi's revenue share model splits **Total Vault Revenue (TVR)** across all parties in proportion to the value they create. Everyone earns a **% of the same revenue pool**, making the economics transparent, scalable, and easy to reconcile.

{% hint style="info" %}
**Key Highlights**

* Single revenue pool: everyone earns from Total Vault Revenue (TVR).
* Simple reconciliation: Curator % + Distributor % + YieldFi % = 100% of TVR.
* Curator can also be distributor: a curator may distribute the vault directly; in that case, they earn both curator share + distributor share.
* NAV integrity: YieldFi always mint and redeem vault tokens at NAV.
* Distributor add-on fee is one-time at deposit: optional partner monetisation is collected once at the time of deposit, not as an ongoing AUM fee.
  {% endhint %}

### Definitions

**TVR** = Management Fees + Performance Fees

* Both are deducted only from vault yield/profits
* If there is no yield, fees are not deducted

**Avg. Monthly AUM**

* AUM is measured as average AUM for the month

**Referral Attribution**

* Distributor attribution is tracked using a **referral code**, applied either via SDK or set in backend for large-value deals.

### Revenue Split Overview (One Pie)

TVR is split between:

* Curator (Strategy Operator) — earns for generating yield and managing risk
* Distributor (Distribution Partner) — earns for bringing and retaining capital
* YieldFi (Platform) — earns for vault infrastructure, tokenisation, issuance/redemption, monitoring, and reporting

### Curator Revenue Share (Strategy Value)

Curators earn a share of TVR based on strategy quality and institutional readiness.

#### Curator Tier Table (Share of TVR)

| Curator Tier      | Typical Profile                                          | Curator Share (% of TVR) |
| ----------------- | -------------------------------------------------------- | -----------------------: |
| **Emerging**      | New strategy or limited track record                     |                  **55%** |
| **Standard**      | Proven operator and stable execution                     |                  **63%** |
| **Institutional** | Strong track record + institutional-grade reporting/risk |                  **70%** |

### Distributor Revenue Share (Distribution Value)

Distributors earn a share of TVR based on the average monthly AUM they bring and retain. Distributor revenue attribution is tracked using a referral code, which can be applied at the SDK level or set in YieldFi’s backend directly for large-value distribution arrangements.

#### Distributor Tier Table (Share of TVR)

| Distributor Tier     | Avg. Monthly AUM (Partner-Attributed) | Distributor Share (% of TVR) |  Partner Add-On Fee Cap (One-Time at Deposit) | Commercial / Support Benefits                                      |
| -------------------- | ------------------------------------: | ---------------------------: | --------------------------------------------: | ------------------------------------------------------------------ |
| **Tier 1 — Starter** |                              $0 → $2M |                       **8%** |                                    **50 bps** | Basic integration, monthly payouts                                 |
| **Tier 2 — Growth**  |                            $2M → $10M |                      **12%** |                                    **75 bps** | Dedicated BD + integration support, early access to vault launches |
| **Tier 3 — Scale**   |                                 $10M+ |                      **15%** | **150 bps** *(only if disclosed & compliant)* | Co-marketing, custom reporting, priority support + SLA             |

#### Distributor Add-On Fee (Optional, One-Time at Deposit)

Distributors may optionally charge a one-time add-on fee at the time of deposit.

* 100% owned by the distributor
* Collected only via SDK deposit flow, or collected directly by the distributor from their user
* Governed by the tier-based bps cap in the table above
* YieldFi mints at NAV on the net deposited amount after applying any one-time add-on fee

### YieldFi Revenue Share (Platform Value)

YieldFi earns the remaining share of TVR after curator and distributor payouts.

#### YieldFi Share (Share of TVR)

YieldFi Share = 100% − Curator Share − Distributor Share

### Fee Disclosure (Required)

Partners must disclose fees clearly in the deposit flow and confirm that fees are taken only from yield/profits and never from user's principal amount.

Deposit screen line (recommended):

> “Fees are taken only from yield/profits — if the vault doesn’t earn, you don’t pay.”

Disclosure format:

* YieldFi Management Fee: X% p.a. (deducted from yield only)
* YieldFi Performance Fee: Y% of profits (only when profits are generated)
* Distributor Add-On Fee (if any): Z bps one-time at deposit (deducted upfront at deposit)
* YieldFi mints and redeems at NAV, and deposit tokens are minted on the net deposited amount after applying any one-time distributor add-on fee.


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