# Fee Structure All platform fees chargeable by ARKS will be waived during the initial launch phase. After the promotion period ends, the following fee components may apply to users of the ARKS UST NFT: * Transaction Fee and Management Fee of 35 basis points The Transaction Fee will mainly cover the operational costs of maintaining the UST NFT across on-chain and off-chain venues. Some of the costs to be incurred are: * Ethereum gas fees * Bank wire fees * Digital asset to fiat conversion fees The Management Fee is collected by the ARKS protocol for the management of the UST NFT and the US Treasury-Bills portfolio. The scope of portfolio management for the UST NFT includes: * Maintaining the target utilisation rate and on-chain reserve ratio * Maintaining the target weighted-average maturity of the portfolio * Rolling over matured US Treasury-Bills into new securities and compounding earned returns * Complying with the regulatory requirements of management of investors’ capital * Commissioning third-party audits and attestation reports of the on-chain and off-chain assets of the UST NFT * Commissioning regular smart contract audits and security reviews of the UST NFT by third-party providers --- # 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://arkslabs.gitbook.io/arks/us-treasury-nft/fee-structure.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.