# Fees Two types of fees will be charged on the Nemo Protocol, both of which will be distributed to NEMO token stakers. Details on the distribution will be coming soon. ## PT Swap Fees Similar to other AMM-based DeFi projects, Nemo will have different fees for different pools. What makes Nemo's fee structure more reasonable is that the fees decrease as the maturity date approaches. Since shorter maturity times mean lower yields, Nemo's fees will also decrease accordingly. The specific fees can be viewed in the Swap section of the app. ## YT Swap Fees **In Nemo's AMM, purchasing YT is executed as a flash swap (where the fee is typically multiple times higher than a standard PT swap). For example:** Suppose you use **1 USDC** to buy **10 YT sUSDC**. The process works as follows: 1. **Borrow 9 USDC** from the Nemo Pool. 2. Combine it with your **1 USDC** to mint **10 PT + 10 YT**. 3. Sell the **10 PT** back into the pool. 4. Keep the **10 YT** as the output. Thus, in this example, **the swap fee for YT equals the fee incurred when selling the 10 PT back to the pool.** ## YT yield Fees Nemo collects 5% of all YT yields as a protocol fee. --- # 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.nemoprotocol.com/tutorial/fees.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.