Unlike v1, the protocol implements the traditional asset management business model into protocol. Fund manager will be earning the management fee based on the annual fee setup. The protocol calculates the fee based on each block since last charge and total value locked in the vault.
1 block = 3 sec
1 day = 28800 blocks
1 year = 365 * 28800 blocks = 10,512,000 blocks
Manager Fee = 1%
Fund TVL: 1,000,000 for 60 days
Manager fee charges for the 60 days = (1.00% / 10,512,000 blocks * 60 * 28800) * 1mm