Collect fees

Performance and AUM fees accrue continuously in the vault’s deposit token, but they are not auto-collected — you have to claim them. This guide covers the four operations: withdraw, give up, update performance rate, update AUM rate. For the model behind each fee, see Yield & fees.

Withdraw pending fees

Move accrued fees from the vault to the admin wallet. Both performance and AUM fees are claimed in a single call.

Open your vault on manage.kamino.com.
Open the Settings tab and find the Pending Fees section. The current accrued amount is displayed in the deposit token.
Click Withdraw Fees.
Sign with your admin wallet, or generate a Squads proposal if the vault is multisig-controlled.

The fees land in the admin wallet’s associated token account for the deposit token.

import {
  createSolanaRpc,
  createSolanaRpcSubscriptions,
  address,
  pipe,
  createTransactionMessage,
  setTransactionMessageFeePayerSigner,
  setTransactionMessageLifetimeUsingBlockhash,
  appendTransactionMessageInstructions,
  signTransactionMessageWithSigners,
  sendAndConfirmTransactionFactory,
} from '@solana/kit';
import {
  KaminoManager,
  KaminoVault,
  getMedianSlotDurationInMsFromLastEpochs,
} from '@kamino-finance/klend-sdk';
import { parseKeypairFile } from '@kamino-finance/klend-sdk/dist/utils/signer.js';

const adminSigner = await parseKeypairFile('/path/to/your/keypair.json');
const rpc = createSolanaRpc('https://api.mainnet-beta.solana.com');
const rpcSubscriptions = createSolanaRpcSubscriptions('wss://api.mainnet-beta.solana.com');
const slotDuration = await getMedianSlotDurationInMsFromLastEpochs();
const manager = new KaminoManager(rpc, slotDuration);

const vault = new KaminoVault(rpc, address('<VAULT_ADDRESS>'));
const instructions = await manager.withdrawPendingFeesIxs(vault);

// Build and send the transaction with the standard @solana/kit pipe
const { value: blockhash } = await rpc.getLatestBlockhash({ commitment: 'finalized' }).send();
const signed = await signTransactionMessageWithSigners(
  pipe(
    createTransactionMessage({ version: 0 }),
    tx => setTransactionMessageFeePayerSigner(adminSigner, tx),
    tx => setTransactionMessageLifetimeUsingBlockhash(blockhash, tx),
    tx => appendTransactionMessageInstructions(instructions, tx),
  ),
);
await sendAndConfirmTransactionFactory({ rpc, rpcSubscriptions })(signed, {
  commitment: 'confirmed',
  skipPreflight: true,
});

yarn kamino-manager withdraw-pending-fees \
  --vault <VAULT_ADDRESS> \
  --mode execute

For multisig-controlled vaults, append --mode multisig --multisig <MULTISIG_PUBKEY> to emit a Base58-encoded payload for Squads.

Give up pending fees

Return accrued fees to depositors. Useful when accrued fees have grown disproportionately to vault size, when you want to retroactively adjust your effective fee rate, or as a goodwill gesture after a difficult period.

The Settings tab includes a Give Up Fees action alongside Withdraw Fees. You specify the amount to return; it goes back to the vault and benefits remaining depositors via increased share price.

import { Decimal } from 'decimal.js';

const giveUpIx = await manager.giveUpPendingFeesIx(
  vault,
  new Decimal(1000000), // amount in the deposit token to give up
  adminSigner,
);

// Build and send: [giveUpIx]

yarn kamino-manager give-up-pending-fees \
  --vault <VAULT_ADDRESS> \
  --max-amount-to-give-up <TOKEN_AMOUNT> \
  --mode execute

--max-amount-to-give-up is in tokens (not lamports). Pass the full pending-fee amount to give back everything; pass a smaller value to give back only part.

Update performance fee

Change the percentage of vault profits taken as the performance fee. Editable any time post-creation.

Settings → Fees → edit the Performance Fee value (in basis points, 1 bp = 0.01%). Submit.

const { updateVaultConfigIx } = await manager.updateVaultPerfFeeIxs(
  vault,
  500, // new fee in basis points (here, 5%)
  adminSigner,
);
// Build and send: [updateVaultConfigIx]

yarn kamino-manager update-vault-perf-fee \
  --vault <VAULT_ADDRESS> \
  --fee-bps <FEE_BPS> \
  --mode execute

Example: --fee-bps 1500 sets a 15% performance fee.

Update AUM (management) fee

Change the annualized percentage charged on total vault assets. Editable any time post-creation.

Settings → Fees → edit the AUM Fee value (in basis points). Submit.

const { updateVaultConfigIx } = await manager.updateVaultMgmtFeeIxs(
  vault,
  200, // new fee in basis points (here, 2%)
  adminSigner,
);
// Build and send: [updateVaultConfigIx]

yarn kamino-manager update-vault-mgmt-fee \
  --vault <VAULT_ADDRESS> \
  --fee-bps <FEE_BPS> \
  --mode execute

Operational notes

Both fees claim together. withdraw-pending-fees collects accrued performance and AUM fees in a single transaction. There’s no separate withdraw for each.
Fee changes apply forward. Updating a fee rate doesn’t retroactively change accrued fees — it changes the rate at which new fees accrue.
Multisig flow. Production vaults run under Squads. Every fee operation produces a proposal that members approve and execute. SquadsX automates the proposal step from manage.kamino.com; the CLI’s --mode multisig emits a Base58 payload to import into Squads manually.
Withdrawal penalties are not curator revenue. They’re a security mechanism returned to the vault — see Yield & fees → The withdrawal penalty. You can’t withdraw or change them through this guide.

Vaults

Concepts

Guides

Fixed Rates

Data & API

Reference

Withdraw pending fees

Give up pending fees

Update performance fee

Update AUM (management) fee

Operational notes

What’s next

Yield & fees

Roles & ownership

Vaults

Concepts

Guides

Fixed Rates

Data & API

Reference

Documentation Index

​Withdraw pending fees

​Give up pending fees

​Update performance fee

​Update AUM (management) fee

​Operational notes

​What’s next

Yield & fees

Roles & ownership

Withdraw pending fees

Give up pending fees

Update performance fee

Update AUM (management) fee

Operational notes

What’s next