Fees

The Blueberry Vaults do not charge management or performance fees. Users only need to pay the gas fees for the initial deposit of their GLP or USDC. The only exception is a redeem fee charged by GMX to withdraw utilized USDC from the USDC Vault, if all funds are lent out and deployed as GLP (on GMX) for leverage.

Economic Implication: This cost-efficient structure can significantly boost net fees earned for users. By covering the gas fees for the compounding process, the vaults ensure that the users’ rewards are not eroded by transaction costs.