# Fees

### Transaction Fees

All of the transactions made on Folks Finance protocol cost about 0,001 ALGO due to Algorand network fees. Each operation is composed of a group of transactions. Below is a summary table with the total cost of each transaction, expressed in ALGO. 

Note that all one time extra fees are recoverable (some only through [SDK](/developer/official-sdks.md) but will be able to from frontend soon).<br>

| Operation          | Fee                                             | One time extra fee        |
| ------------------ | ----------------------------------------------- | ------------------------- |
| Deposit            | 0.004                                           | 0.25 + 0.1 for each asset |
| Withdraw           | 0.006                                           |                           |
| Move To Collateral | 0.002                                           |                           |
| Create Loan        | 0.002                                           | 0.7285                    |
| Add Collateral     | 0.005                                           | 0.1 for each asset        |
| Reduce Collateral  | 0.006-0.020                                     |                           |
| Borrow             | 0.008-0.022                                     |                           |
| Repay              | 0.010-0.015                                     |                           |
| Flash Loan         | 0.1% of the amount borrowed with the flash loan |                           |
| Folks Router       | 0.1% of the output amount                       |                           |

### Minimum Balance Requirement

It is required to keep an extra 0.1 ALGO in your wallet for each opted-in asset for the minimum balance requirement. If you no longer own the asset then you can opt-out later and you will be able to freely spend the 0.1 ALGO again.


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