> For the complete documentation index, see [llms.txt](https://ukiyo-labs.gitbook.io/ukiyo/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ukiyo-labs.gitbook.io/ukiyo/resources/ventures-faqs/charges-for-services.md).

# Charges for Services

### What fees are associate with using Ventures? <a href="#are-there-any-fees-are-associated-with-the-lao" id="are-there-any-fees-are-associated-with-the-lao"></a>

Upon completion of each funding round, Ventures applies a 10% success fee, which is the responsibility of project owners, not users. Ventures' organizational documents anticipate the use of a service provider to support and administer users' activity, and ukiyo collects fees to pay these third-party providers for their services.

<table><thead><tr><th width="302">Year</th><th>Project Completion Fee</th></tr></thead><tbody><tr><td>1</td><td>TBC</td></tr><tr><td>2</td><td>TBC</td></tr><tr><td>3</td><td>TBC</td></tr><tr><td>4</td><td>TBC</td></tr><tr><td>5</td><td>TBC</td></tr><tr><td>6+</td><td>TBC</td></tr></tbody></table>

Fees associated with using Ventures are payable upon completion of each project funded, and are automatically collected by the Sakura smart contract. Currently, the fee charged is 10% of the funding round, but beyond the 5-year mark, this may be reduced as the protocol aims to achieve maturity and economies of scale. Additionally, the platform seeks to administer projects and funding through a low-cost and efficient model.&#x20;

Furthermore, the organizational documents of Ventures allow for the use of third-party service providers to facilitate and administrate activities on behalf of the users. As compensation for these services, Ventures may collect rents, which are used to pay these service providers.

### Does Ventures charge a carry? <a href="#does-the-lao-charge-a-carry" id="does-the-lao-charge-a-carry"></a>

Notably, because Ventures is user managed, it does not have any general partner(s). No user of ukiyo Ventures or third party service providers will be entitled to a carry, unless otherwise agreed to by users.