> For the complete documentation index, see [llms.txt](https://docs.notional.finance/v3-risk-parameters/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.notional.finance/v3-risk-parameters/leveraged-vaults/fees.md).

# Fees

Notional's governance can set an additional fee rate that increases the borrow interest rate of leveraged vault borrowers. The fee is denominated in 5 BPS. Such that a feeRate5BPS of 10 would imply that leveraged vault borrowers are charged an additional 0.50% in interest on top of their trade implied borrow rate. 

These fees are then split between nToken holders and the protocol's reserve based on the reserveFeeShare parameter. A reserveFeeShare of 80 would allocate 80% of the generated fees to the protocol's reserve.