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

# Fees

The fee will depend on the collateral assets. Issuance fees will be prorated according to the collateral weights. 

Vaultedge charges borrowing fees. There are two types of fees for borrowers. First, there is a issuance fee when you mint your USDVE loan. Second, is a vault management fee depending on your collateral type.

Issuance fees depend on the type of collateral you are adding. If you are adding a "risky" collateral type which is already starting to back a significant amount of USDVE, the deposit fee will be higher. 

Under normal conditions, the one-time issuance fee is confined to a range between `0.5%` and `3%`. If redemptions are occurring, this suggests USDVE `Price < $1`, so fees are higher to disincentivize borrowing and de-incentivize more USDVE from entering the market. However, the borrow fee is`0%` during Recovery Mode.

| Type            | Description                                                                      | Amount |
| --------------- | -------------------------------------------------------------------------------- | ------ |
| Origination fee | For ERC-20 and Vault receipt tokens charged in USDVE once the loan is originated | 0.5%   |