Three fees. Three moments. One bill.
Plinth charges exactly three fees across the life of a position — an origination fee when the fixed, non-recourse advance is issued, an ongoing share of yield while the capital is deployed into approved external venues, and an exit fee when the position is redeemed. No spreads, no float, no holding costs the dashboard does not already show.
Fees apply to the position and the routed yield side — the asset owner is not a source of fees via repayment. A capital provider receives disclosed yield from the approved external deployment of the advance; the owner has no payment obligation.
Below: each tier with its rate and basis, then a live worked example for a $200k appraised asset. Drag the appraisal figure to recompute every line.
Origination at mint. Custody & yield while open. Exit at redemption.
Three fees · Three occasions · No hidden spreads
Once, at position mint.
A one-time fee charged when the position mints, in exchange for reading the appraisal and deploying capital through the protocol.
Basis
of mintable equity
Calculated against the verified equity your appraisal supports (appraised value minus debt against the asset).
Each yield cycle, while the position is open.
An ongoing share of yield earned from the user-side 80% basis of the position, paid per cycle for as long as the position is open. Covers custody handling, insurance coordination, and yield routing.
Basis
of user-side yield (80% basis)
A fixed share of the dollar yield earned on the user-side 80% basis of the position — not of the underlying balance, so a smaller cycle means a smaller fee. Plinth retains the other 20% of minted USDC for its own deployment; that yield does not flow back to the holder and is not part of this fee.
Once, at position redemption.
A one-time fee charged when the holder redeems the position and reclaims the underlying equity, in exchange for unwinding capital and releasing the security interest. The holder recovers 100% of principal with no penalty.
Basis
of equity reclaimed
Calculated against the equity returned to the holder at redemption. A partial redemption pro-rates the fee.
A $200k asset, all three fees, on one page.
Drag the appraisal figure to recompute every fee in cents. The math assumes no existing debt and the same placeholder LTV and APY surfaced on the dashboard, so rates stay in one place.
Default: $200,000
| # | Stage | Amount |
|---|---|---|
| 1 | Origination Once, at position mint. | $2,000.00 |
| 2 | Custody & yield Each yield cycle, while the position is open. | $40.00 |
| 3 | Exit Once, at position redemption. | $1,000.00 |
Illustrative only. Numbers use the dashboard’s placeholder LTV and APY rates; final rates set at position marketing.