> For the complete documentation index, see [llms.txt](https://docs.ike.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ike.xyz/the-ike-protocol/dao-and-governance/protocol-management-fees.md).

# Protocol Management Fees

The Ike protocol charges a small Management Fee for providing liquid staking services. The management fees will eventually go to the future Governance DAO's treasury, once Governance is launched. This Fees takes the form of sAO inflation. The mechanism is as follows:

Each time a user Stakes or Unstakes, the [Virtual Shares](/the-ike-protocol/definitions.md) are updated on the `Vault`. These Virtual Shares are minted periodically, and go to the DAO's treasury.