# Terms and Fees

## Performance Fee

A performance fee will be applied on profits, which is realized daily and when the depositor engages in actions such as deposits, withdrawal requests, or withdrawals

<table><thead><tr><th width="267.27734375">Strategy</th><th width="159.22265625">Performance Fee</th><th width="158.11328125">Management Fee   (Annually)</th><th width="152.5234375">Withdrawal Fee</th></tr></thead><tbody><tr><td>JLP HyperLoop Vault</td><td>25%</td><td>2%</td><td>0.3%</td></tr><tr><td>UltraX Arbitrage V2</td><td>20% </td><td>2%</td><td>0.3%</td></tr><tr><td>Market Neutral Long Short Vault</td><td>10%</td><td>0</td><td>0.2%</td></tr><tr><td>HyperPack Arbitrage</td><td>20%</td><td>2%</td><td>0</td></tr></tbody></table>

## Redemption Period

Deposited funds are generally subject to a 24-hour redemption period. While users may request withdrawals at any time, assets only become available after this 24-hour window—and any profits accrued during that period are forfeited.

* Multi-Lend Strategy Vault: 10-minute redemption period for maximum flexibility (profits earned during those 10 minutes are forfeited).
* DriftPack Arbitrage Vault: 48-hour redemption period to ensure the best execution rates when closing positions (profits earned during those 48 hours are forfeited).


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