💰 Protocol Fee

Fume charges a protocol fee, also known as the "Fume Fee", for using its on-chain fund administration platform. By default, a fee of up to 0.1% (10 basis points) applies to each subscription and redemption flow. The fee is charged on capital moving in or out of the fund — Fume takes no cut of assets under management and charges no management or performance fee.

The fee rates are written into the fund's smart contract at deployment, and the contract has no function to change them afterwards: neither Fume nor the fund manager can raise or lower them. Individual agreements can set a different rate, including zero, so not every fund pays the default.

On top of the protocol fee, the Fume Platform plan costs $179 per month, or $100 per month for funds with less than $10M in assets. Checkout is self-serve in the app — no sales call required.