> For the complete documentation index, see [llms.txt](https://gmd-protocol.gitbook.io/gmd-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://gmd-protocol.gitbook.io/gmd-protocol/delta-neutral-vaults/apy-and-deposit-fees.md).

# APY and Deposit Fees

Even though the APY's of our single-stake vaults depend on GLP’s APR for each different week, we guarantee that the rate will fluctuate in the following ranges: 

* BTC: 7-30%+ APY
* ETH: 7-30%+ APY
* USDC: 7-30%+ APY

There will be deposit fees for each of the vaults, as GMX takes 0.15- 0.25% fees for minting and redeeming GLP. As we want to encourage more vault stakers, we will take the loss on deposit fees, and the fees will be as follows:

* BTC: 0.5% deposit fees 
* ETH: 0.25% deposit fees
* USDC: 0.25% deposit fees