# Fee Manager In SquadSwap V2 and V3, all protocol fees are collected and managed by the Fee Manager contract. These fees are generated from swap transactions and are distributed as follows: * **90%** of the total fees go directly to liquidity providers (LPs) as rewards for supplying liquidity. * **10%** of the total fees are sent to the Fee Manager contract for further allocation. A portion of these accumulated fees, specifically **10% of the total protocol fees**, will be governed by the SquadSwap governance. This ensures that the community has a say in how these funds are utilized to support the growth and sustainability of the protocol. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.squadswap.com/platform/fee-manager.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.