> For the complete documentation index, see [llms.txt](https://pool-party-xyz.gitbook.io/pool-party-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pool-party-xyz.gitbook.io/pool-party-docs/pool-party-v2-docs/for-managers/configure-fees.md).

# Configure fees

The fee you configure is the performance fee. There is also a protocol-level swap fee that you do not set.

#### **Performance fee**

* You set it, from 10% to 90%.
* It is charged on the pool's gains, not on the amount deposited.
* There is no management fee, and no entry or exit fees.

#### **Swap fee**

* A swap fee covers converting USDC into and out of the pool's assets. It is a protocol-level fee, not something you configure.

#### **How Pool Party participates**

Pool Party takes a share of the performance fee. You and Pool Party are paid on performance, that is, when the pool produces gains. If there are no gains, there is no performance fee.

{% hint style="info" %}
The performance fee is the basis of aligned incentives: you are paid for the results you deliver, not for holding deposits. (Calculation details in [Fees & Economics](/pool-party-docs/pool-party-v2-docs/resources/fees-and-economics.md))
{% endhint %}


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