> ## Documentation Index > Fetch the complete documentation index at: https://docs.dynamo.finance/llms.txt > Use this file to discover all available pages before exploring further. # Fees Overview > A plain-English summary of every fee a user might pay on Dynamo, who receives each fee, and how fees are deducted. No hidden fees beyond what is documented here. Dynamo is committed to full fee transparency. This section documents every fee you may encounter when using the protocol. **There are no hidden fees beyond what is listed here.** ## Fee summary | Fee type | Amount | Who pays | Who receives | Where it applies | | ------------------------------------- | -------- | -------------------------------------- | ------------------ | ---------------- | | Deposit fee for loan assets (markets) | | Suppliers of Loan assets via Dynamo UI | Dynamo Treasury | Markets | | Performance fee (if any) | Variable | Vault depositors (taken from yield) | Vault curator | Vaults | | Management fee (if any) | Variable | Vault depositors (accrued from AUM) | Vault curator | Vaults | | Gas fees | Variable | Any user making a transaction | Network validators | All transactions | ## What Dynamo does not charge * **No deposit/withdrawal fee for collateral assets** — collateral asset transactions are free (gas only). * **No deposit/withdrawal fee for vaults** — depositing/withdrawing from [Morpho vaults](https://dynamo.finance/) is free (gas only). * **No borrow origination fees** — opening or closing a borrow position has no protocol fee. * **No hidden spreads** — the APY displayed in the app is what you actually earn after all protocol fees. ## Gas fees Every on-chain transaction (deposit, withdraw, borrow, repay) requires gas paid in the native token of the network (e.g., ETH on Ethereum). Gas is set by the network, not by Dynamo. Fees are lower on non-Ethereum networks Dynamo supports. ## Where to learn more Deposit fee for Loan assets in markets, and where is it sent. Performance and management fees charged at the vault level.