# Fees & Taxes

The platform will earn revenue due the following:

* **Minting Fees**\
  Collected during the minting of stablecoins and tokenized products.
* **Royalties**\
  Earned when transferring stables and tokenized products.
* **Redemption Fees**\
  Charged when stables (tokenized products) are redeemed for cash.
* **Loan initiation/lifecycle/settlement (borrowing & lending protocol)**\
  Loan Initiation: Revenue generated when a loan is initiated. \
  Lifecycle Maintenance: Fees collected for maintaining loans during their lifecycle. \
  Loan Settlement: Charged at the time of loan settlement. \
  Interest Payments: Revenue from interest paid on loans. \
  Default/Liquidation: Fees incurred during defaults or liquidation events.

### ***Taxes***

#### How are investments in the products of WELF taxed? <a href="#how-is-usdy-taxed" id="how-is-usdy-taxed"></a>

Investors will need to consider their local tax laws to determine how to account for the return generated from WELF Products. In all cases, consult your tax advisor to help you answer specific questions regarding how tax laws apply to you and/or your business.


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