# Haircut When users make trades on Hummus Exchange, haircut is collected by the protocol. Haircut is a fee to support and encourage the operation of the platform. Currently haircut for stable swap is **0.01%**. ### Retention Ratio A portion of haircut collected remains in the AMM system according to retention ratio. Initially, the retention ratio is 100%, and all fees collected remains in the AMM. If retention ratio is set to be lower than 100%, the rest of the haircut will be distributed to liquidity providers. --- # 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://hummus-exchange.gitbook.io/hummus-exchange/concepts/haircut.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.