> For the complete documentation index, see [llms.txt](https://docs.carmine.finance/carmine-options-amm/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.carmine.finance/carmine-options-amm/tokenomics/distribution-of-fees.md).

# Distribution of Fees

Currently, all fees go to liquidity providers.

Down the line, 80% of fees received from trading will be given to liquidity providers. 20% will be put into a treasury *controlled by CARM holders*.

The treasury will serve multiple purposes:

* finance further development of the project (both core team and non-core development)
* distribute capital from treasury to token holders
  * the precise method will be determined later through governance vote with buybacks looking like a favourable option
* any other possibilities subject to vote

The usage of the treasury will be voted on through governance by the CARM token holders.