> For the complete documentation index, see [llms.txt](https://docs.ocean.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ocean.fi/protocol-architecture/04-protocol-architecture/fees.md).

# Fees

*Fees in Ocean are implemented through:*

* `*MintingManager`: may apply a mint/redeem fee\*
* `*YieldDistributor`: applies performance fees on yield\*

```
uint256 public protocolFeeBps; // e.g. 200 = 2%
address public feeCollector;
```

*All fees are transparent and configurable by governance.*