> For the complete documentation index, see [llms.txt](https://docs.upshift.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.upshift.finance/product-types/upshift-rwa-clear/pricing-and-fees.md).

# Pricing and Fees

#### Oracle Pricing

Each supported RWA token has a dedicated oracle price feed that provides a live market rate. The contract converts the input asset to USDC using this oracle price, with multiple safety checks:

| Check                  | Purpose                                                                                                                |
| ---------------------- | ---------------------------------------------------------------------------------------------------------------------- |
| Staleness threshold    | Rejects prices older than a configurable window (minimum 5 minutes)                                                    |
| Price deviation bounds | Optional per-asset circuit breaker that rejects conversions if the oracle price deviates too far from the expected peg |
| Round completeness     | Ensures the oracle has fully reported the current price round                                                          |

#### Fee Structure

A spread fee is applied to every redemption, denominated in USDC:

| Parameter          | Range                                       |
| ------------------ | ------------------------------------------- |
| Spread (per asset) | 0.05% to 5.00%, configurable                |
| Rate limit         | Optional per-transaction cap on USDC output |

Fees are not extracted or distributed separately. They remain in the subaccount, increasing the net asset value for all vault depositors automatically.

#### LP Yield Sources

Liquidity providers earn from two sources:

1. **Spread fees** — every instant redemption generates fee revenue that accrues to the vault's NAV
2. **Idle lending yield** — USDC not immediately needed for redemptions earns lending yield via the yield layer (e.g., Morpho)

#### Worked Example

An RWA holder redeems 10,000 USCC. The Chainlink oracle reports a rate of 1.02 USCC per USDC. The configured spread is 10 basis points (0.10%).

* USDC equivalent: 10,000 / 1.02 = **9,803.92 USDC**
* Fee: 9,803.92 x 0.10% = **9.80 USDC**
* Holder receives: **9,794.12 USDC** (instantly, vs. \~32 hours via traditional redemption)
* The 9.80 USDC fee stays in the vault, accruing to all LPs


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