# 🏦┃Protocol earnings

The protocol transaction fees are distributed as follows:

## V2

<figure><img src="https://3420642431-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHBFQDThxW7Uo7iHfOHG5%2Fuploads%2FwbHiIEQADH4V4TdVPH2z%2Fpeev2.png?alt=media&#x26;token=3beb3b25-a42e-41f7-be1a-6f6cb2da4d14" alt=""><figcaption></figcaption></figure>

* 60% for Liquidity Providers in LP tokens
* 22.5% redistributed to xGRAIL holders through [Real Yield Staking](https://docs.camelot.exchange/protocol/xgrail-plugins/real-yield-staking) plugin
* 12.5% dedicated to GRAIL buyback and burn
* 5% to the Operating expenses

## V3

<figure><img src="https://3420642431-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHBFQDThxW7Uo7iHfOHG5%2Fuploads%2F4IySnryO7jIapkfJihzN%2Fpeev3.png?alt=media&#x26;token=445fa34b-b6c3-4a8a-ac42-b30694fca244" alt=""><figcaption></figcaption></figure>

* 85% for Liquidity Providers in LP tokens
* 7% redistributed to xGRAIL holders through [Real Yield Staking](https://docs.camelot.exchange/protocol/xgrail-plugins/real-yield-staking) plugin
* 3.5% dedicated to GRAIL buyback and burn
* 3% to the Operating expenses
* 1.5% to Algebra for licensing [V3 AMM](https://docs.camelot.exchange/protocol/amm-v3)

## V3 vaults

<figure><img src="https://3420642431-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHBFQDThxW7Uo7iHfOHG5%2Fuploads%2F9ICsw0f4ummInudO92v9%2Fgammaaaaa-removebg-preview.png?alt=media&#x26;token=05f2721e-aa8b-436a-a171-ce193b1edaa4" alt=""><figcaption></figcaption></figure>

Camelot also receives a portion of the fees from Gamma’s vaults, \~⅓ of a 25% performance fees, i.e., 8% of the total, split between:

* 5% redistributed to xGRAIL holders through [Real Yield Staking](https://docs.camelot.exchange/protocol/xgrail-plugins/real-yield-staking) plugin
* 3% to the Operating expenses

This ultimately leaves Gamma with 13.25% of gross fees generated by their vaults.


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