# Fees



**Pool Swap Fees**

Spectra pools charge swap fees on iBT/PT trades. Under the fee model established by [SGP-6](https://gov.spectra.finance/t/sgp-6-update-of-fee-collection-and-distribution/566), the allocation for pools with a gauge is:

* 60% to the Spectra DAO treasury, replacing the share previously distributed to veSPECTRA voters under [SGP-19](https://gov.spectra.finance/t/sgp-19-route-swap-fees-to-treasury-reallocate-50-of-gauge-emissions/838/2).
* 20% to LPs through their LP position.
* 20% to Curve DAO, converted to ETH for distribution under SGP-6.

For pools without a gauge, SGP-6 allocates the share otherwise intended for voters to LPs. The [SGP-19 clarification](https://gov.spectra.finance/t/sgp-19-route-swap-fees-to-treasury-reallocate-50-of-gauge-emissions/838/2) keeps the LP fee share unchanged, whether or not a pool has a gauge.

[SGP-19](https://snapshot.box/#/s:spectradao.eth/proposal/0xd1a081c2783ba428627fbafa2a65d9d26571eae45647917d45bd7571d18a493b) targets a 50/50 split between ETH and USDC within the treasury allocation. These fees are not direct rewards currently paid to lockers.

The LP fee share remains in place under [SGP-20](https://paragraph.com/@spectra/sgp-20-is-now-in-effect-spectra-emissions-reduced-to-zero). The emissions pause does not stop trading fees or the underlying yield of LP positions. See the [current emissions status](/docs/spectra/tokenomics/spectra#emissions).

**Yield Fees**

Spectra takes a 3% fee on all yield accrued by YT, including points. Points are considered to be yield, and protocols integrated on Spectra should deduct the 3% fee when distributing points to user wallets. The deducted points are re-allocated to the following address:

Spectra DAO (Multichain): 0xe59d75C87ED608E4f5F22c9f9AFFb7b6fd02cc7C

This fee is being collected by the Spectra DAO treasury for later redistribution.