# Setting fee {% hint style="info" %} At the contract level, we hav e 100% = 1e5 {% endhint %} For the vaults, there exists two types of fees. Management fees, and performance fees. Management fees are a portion of the manage assets expressed in percentage per year. They are capped at 5%, but are not recommended to use. Performance fees are computed thanks to the oracle as the performance on quote value of the position. They are capped at 50%. The fee recipient is an account that will receive the computed fees in vault shares. Setting a new fee recipient will transfer all pending fees to the previous fee recipient. {% @github-files/github-code-block url="" %} --- # 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.mangrove.exchange/dev/vaults/custom-interactions/managing-a-vault/setting-fee.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.