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

# Fees

Black Panther charges a 2% management fee per annum and a 1% withdrawal fee on the full amount of assets withdrawn.

Fees will be distributed to our protocol token holders that stake their tokens.