# Proposal: Revamping Fees

**URL:** <https://gov.yearn.fi/t/proposal-revamping-fees/7073>\
**Category:** Vaults\
**Created:** [18 October 2020 03:56 UTC](https://gov.yearn.fi/t/proposal-revamping-fees/7073 "2020-10-18T03:56:50Z")\
**Posts on this page:** 1\
**Showing post:** 54

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**Author:** ![iTo](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/ito/32/1833_2.png) [@iTo](https://gov.yearn.fi/u/iTo)\
**Post date:** [30 October 2020 06:52 UTC](https://gov.yearn.fi/t/proposal-revamping-fees/7073/54 "2020-10-30T06:52:57Z")

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So, I’m in favour of a change, but not necessarily the above.  
I would modify the above as follows:

1. I propose that we eliminate the withdrawal fee.
2. A simple performance fee be implemented on all activity. \*

\*This is to say, on each harvest, the performance fee is applied to those profits.

1. In relation to [Proposal: Rethinking Capital Allocation](http://gov.yearn.fi/t/proposal-rethinking-capital-allocation/7304) I would suggest we consider a performance fee of 10%. I will outline why in the linked thread.

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