> 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-users/fees-you-pay.md).

# Fees you pay

A pool has two fees: a performance fee and a swap fee.

**Performance fee**

* Charged on the pool's gains, not on what you deposit.
* Set by the manager, from 10% to 90%. Check it on the pool's page before depositing.
* If the pool produces no gains, there is no performance fee.

**Swap fee**

* Charged to convert USDC into the pool's assets when you deposit, and back to USDC when you withdraw in USDC.
* If you withdraw in kind (the strategy's current assets), no conversion is needed.

**Where the performance fee goes**

The performance fee pays the manager, and Pool Party takes a share of it. It only exists when there are gains: the manager and Pool Party are paid for performance, not for your deposit.

{% hint style="info" %}
Incentives are aligned: the manager is paid on performance, so the manager only earns on the results a pool delivers.
{% endhint %}


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