As part of the protocol, dHEDGE implements a 10% admin fee on all manager Fees, only at the Manager’s expense. This means Managers will have 10% of their newly minted vault shares sent to the dHEDGE Protocol Treasury instead of their wallets. This fee does not impact depositors and only impacts fees managers would receive on the protocol. You can see this here Protocol Treasury.
DHT protocol stakers control the Protocol Treasury and have a vote or say on how the vault should be managed.