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

# Fees

The vault fee structure consists of a 10% flat fee on the yield earned between epochs, conditional on the strategy returning at least the principal for this epoch.