> For the complete documentation index, see [llms.txt](https://zeroliquid.gitbook.io/zeroliquid/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://zeroliquid.gitbook.io/zeroliquid/protocol/business-model.md).

# Business model

The protocol does not impose interest on the collateral of those who enter into a "partnership agreement" by using ZeroLiquid; instead, it charges a 5% fee on the yield earned by the user's LSD tokens. \
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This revenue is then distributed in the following manner:

<figure><img src="https://2192073545-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FEZaJ5L9JIuCoBtnlCDCS%2Fuploads%2F0bn2TtmuMrDoPiRNAl41%2Fimage.png?alt=media&amp;token=4b25cb56-10f3-4257-b65f-3645b1ca7d80" alt=""><figcaption></figcaption></figure>

In the case of any black swan event affecting the protocol, the fees previously collected by the protocol will be used to offset user losses.