2.3.2 The types of commissions that end up in the Liquidity Pools

As already mentioned above, the smart contract that will collect the fees to pour them into the liquidity pool, will serve to bring together the commissions, of entry and performance, generated by the various MerlinFunds, both index and actively managed.

• Entry fee

In the liquidity pool flow 3% of all the amounts in ETH (or MATIC, or USDC) invested in the funds minus the commission paid for the GAS.

• Outbound performance fee

In addition, the liquidity pool will also include the so-called performance commission that will be paid by each individual investor at the time of disinvestment and therefore of exit from the fund and that will be proportional to the performance of the fund itself up to a maximum of 3%.

The fact that the exit commission is linked to the performance of the fund, both managed and index, allows to minimize the costs where the performance is low and to pay only for a service that is actually profitable.