# Revenue Model

- [Protocol Fees](/whitepaper/revenue-model/protocol-fees.md): Protocol fees will be controlled by governance.
- [AUM Fee](/whitepaper/revenue-model/protocol-fees/aum-fee.md)
- [Native Portfolio Revenue](/whitepaper/revenue-model/protocol-fees/native-portfolio-revenue.md)
- [Performance Fee Cut](/whitepaper/revenue-model/protocol-fees/performance-fee-cut.md)
- [Activity Fees](/whitepaper/revenue-model/protocol-fees/activity-fees.md)