> For the complete documentation index, see [llms.txt](https://aphrodite-finance.gitbook.io/aphrodite-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://aphrodite-finance.gitbook.io/aphrodite-finance/usdaphr-tokenomics/usdaphr-buy-and-sell-fees.md).

# $APHR Buy & Sell Fees

Aphrodite's trading (buy and sell) fees are an **important component of the AAP**. They provide capital for performing critical functions to the protocol.

Other protocols utilize **selling bonds** to support the same functions as Aphrodite fees, but we believe that approach is riskier because if bonds are not purchased, the token **can lose its support and spiral downward** in price as we have seen with several of these bond based protocols.  

Selling bonds also costs token holders. It reduces the amount of APY that can be offered and eliminates **the ability to offer a stable APY**. 

The amount of trading fees (**16% for buys** and **24% for sells**) allows Aphrodite to provide $APHR holders with the stable high yield of **300,001%** annually.

One additional benefit of the high fees is that Aphrodite is the only token that benefits when whales dump because the fees collected support $APHR holders

* **LP -** Trading fees go to backing the liquidity of the METIS/APHR pair on TETHYS ensuring an ever-increasing collateral value of $APHR.  
* **AIF -** Trading fees are stored in the Aphrodite Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
* **Treasury -** Trading fees go directly to the treasury which supports the AIF and provides a marketing budget for Aphrodite and funds new product development.