> For the complete documentation index, see [llms.txt](https://docs.surflending.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.surflending.org/surf-mainnet-protocol/6.-fee-structure.md).

# 6. Fee Structure

Surf aims for zero-surprise costs. Here’s a full breakdown of every fee on the platform:

<table data-header-hidden><thead><tr><th valign="middle"></th><th valign="middle"></th><th valign="middle"></th><th valign="middle"></th></tr></thead><tbody><tr><td valign="middle">Action</td><td valign="middle">Who Pays</td><td valign="middle">Where It Goes</td><td valign="middle">Typical Rate</td></tr><tr><td valign="middle">Loan‑opening fee</td><td valign="middle">Borrower</td><td valign="middle">70 % to SURF stakers, 30 % to liquidity providers</td><td valign="middle">1 % of borrowed amount</td></tr><tr><td valign="middle">Borrow interest</td><td valign="middle">Borrower</td><td valign="middle">90 % to liquidity providers, 10 % to protocol reserve</td><td valign="middle">Dynamic (utilisation‑based), fixed at the time the loan is initiated</td></tr><tr><td valign="middle">Protocol fee on interest</td><td valign="middle">Borrower</td><td valign="middle">100 % to SURF stakers</td><td valign="middle">20 % of interest owed</td></tr><tr><td valign="middle">Liquidation fee</td><td valign="middle">Borrower (only if liquidated)</td><td valign="middle">70 % to SURF stakers, 30 % to liquidity providers</td><td valign="middle">15 % of repaid debt value</td></tr><tr><td valign="middle">Network (Cardano) fees</td><td valign="middle">Everyone</td><td valign="middle">Cardano validators</td><td valign="middle">≈ 0.17 – 0.25 ADA per tx</td></tr></tbody></table>

No deposit or withdrawal fee—you can supply or redeem tokens at any time for just the standard Cardano tx cost.

***Note: All fee percentages and allocations may be adjusted in future governance updates.\****