# Liquidity Pool Fee Governance ## Overview The LP Fee Management System allows LP token holders to delegate the management of Liquidity Pool fees to a trusted individual, such as the Token Project Owner or a financial expert. The process involves proposing a candidate for this role, voting on the proposal, and, if approved, granting the selected individual the authority to adjust the pool fees based on market conditions. A deposit is required to submit a proposal, and delegation is controlled via an NFT. ### Proposal Types * **Delegation:** Proposal for Delegate of Authority Fee Manager to an Address. Available when the pool doesn't have a Fee Manager. * **Revoke:** Proposal for Revocation of Delegated Authority Fee Manager. Only available when the pool has a Fee Manager. * **Transfer Ownership:** Proposal for Transferring Delegated Authority Fee Management to a New Manager. Only available when the pool has a Fee Manager. ### Proposal Rules #### Proposing Rules: * The proposer must be an LP holder. * A 100 ADA deposit is required as a Proposal Fee. This deposit is refundable if the proposal passes; otherwise, it is donated to the ADA-MIN Pool v2. #### Voting Rules: * **Voting Period:** The voting period is open for a specified duration (e.g., 7 days) as determined by the proposer. * **Participation:** Any LP token holders in the snapshot can join the Active proposal of the pool. * **Snapshot Mechanism:** A snapshot is taken 1 hour before the start time of the proposal. For example, if the snapshot at 0h:0m:0s is used for any proposals that have a start time between 1h:0m:0s and 1h:59m:59s. * **Pass Condition:** The proposal must receive more than 50% of total LP tokens votes in favor to pass and take effect **immediately** without waiting until the end of the voting period. * **Fail Condition:** If at the end of the proposal period, the proposal receives less than 50% of total LP tokens votes in favor, it will fail. The deposit fund will be donated to the ADA-MIN Pool v2. * **Changing Votes:** Once a vote is cast, it cannot be undone. --- # 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.minswap.org/governance/liquidity-pool-fee-governance.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.