> For the complete documentation index, see [llms.txt](https://docs.kyte.sh/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kyte.sh/reference/fees.md).

# Fees

What Kyte charges, when, and where every fee goes.

{% hint style="success" %}
**In short.** **3%** of the premium on every fill, **0.1%** of the strike on every exercise, and **0.1%** of the WETH side of `$KYTE`/WETH swaps through KyteHook. Cancel and expire are free. Every fee lands in the FeeVault and is split **30% stakers · 20% buy-and-burn · 50% operations**.
{% endhint %}

| Fee                 | Rate              | Charged on                                                                                                                                     | Paid by                                     | Hard cap (immutable) |
| ------------------- | ----------------- | ---------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------- | -------------------- |
| Premium fee         | **3%** (300 bps)  | The premium, when an offer is filled                                                                                                           | Deducted from what the seller receives      | 10%                  |
| Exercise fee        | **0.1%** (10 bps) | The strike, when an option is exercised                                                                                                        | Deducted from what the strike receiver gets | 1%                   |
| Swap fee (KyteHook) | **0.1%** (10 bps) | WETH side of swaps in the `$KYTE`/WETH Uniswap v4 pool, when WETH is the swap's unspecified side ([details](/protocol/uniswap-v4/kytehook.md)) | Traders in that pool                        | 1%                   |
| Cancel / expire     | Free              |                                                                                                                                                |                                             |                      |

* Fees are **snapshotted per position** at creation. A later fee change only applies to new positions.
* All fees flow to the **FeeVault** in WETH and are split once per epoch:

| Destination     | Share   | Notes                                        |
| --------------- | ------- | -------------------------------------------- |
| `$KYTE` stakers | **30%** | Can never be set below 20%                   |
| Buy-and-burn    | **20%** | Swapped for `$KYTE` on Uniswap v4 and burned |
| Operations      | **50%** | Ops Safe (multisig)                          |


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