> For the complete documentation index, see [llms.txt](https://quantixfinance.gitbook.io/quantixfinance-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://quantixfinance.gitbook.io/quantixfinance-docs/protocol-economics-and-fees/fee-transparency.md).

# Fee Transparency

A lender should be able to see every charge that stands between gross yield and what actually reaches their position, before they commit. Quantix treats that as a rule, not a courtesy.

Each pool publishes its complete fee schedule as part of the Opportunity Presentation Standard, so fees appear in the same place, in the same shape, for every pool a lender compares. The performance fee, any underwriting or management fee, the protocol fee, and any redemption terms are itemized rather than folded into a single opaque number.

Yield is presented net of fees. The headline APY a lender sees on a pool is what remains after that pool's fees, not a gross figure that quietly shrinks once fees are applied. Where a gross figure is shown for context, it is labeled explicitly as gross, with the fees that reduce it shown alongside — the two numbers are never presented ambiguously as if they were the same thing.

The test the protocol holds itself to is simple: a lender should never discover a fee after depositing. If a charge can reduce their return, it is disclosed on the pool before they act. Fee transparency is inexpensive to provide and disproportionately valuable to earn, because it is one of the first things a careful lender checks and one of the easiest for a lending venue to get quietly wrong.