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 Pool shares sent to the dHEDGE Protocol Treasury instead of their wallets. This fee does not impact investors 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 each quarter have a vote or say on how the pool should be managed and performance rewards liquidated and distributed to stakers or not.