# Fee Collection and Distribution Ribbon Finance takes 10% performance fees and 2% management fees. 50% of the protocol revenue gets sent to the treasury. The other 50% of protocol revenue gets converted to ETH and distributed to veRBN holders for reliable-cash flow. This is exactly what Curve does except instead of redirecting profits from option premiums it redirects profits from [LP fees](https://curve.readthedocs.io/dao-fees.html#fee-distribution). The protocol revenue has been directed to RBN lockers pro-rata **retroactively,** starting from veRBN launch on February 28th, 2022. Protocol fee sharing was launched in **April 2022.** --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.ribbon.finance/ribbonomics/overview-and-rbn-tokenomics/fee-collection-and-distribution.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.