# Elastic Fee Collection

## Introduction

Whenever your active position goes into supporting trades, the market making fees are automatically reinvested into the pool. Consequently, fees are automatically compounded and accrued to your position. KyberSwap Elastic provides LPs the option to independently collect their accrued fees without affecting the underlying liquidity position. This means that LPs are able to reap the benefits of their auto-compounded yields at any time.

<details>

<summary>Liquidity Provider Flow</summary>

Still deciding on which solution suits you best?&#x20;

* **Overview**: [Earn Yield By Contributing Liquidity](https://docs.kyberswap.com/~/changes/1kQEhDNzHMDf7SwOE6Yu/kyberswap-solutions/kyberswap-interface/user-guides/earn-yield-by-contributing-liquidity)
* **Detailed comparison**:  [Classic vs Elastic](https://docs.kyberswap.com/~/changes/1kQEhDNzHMDf7SwOE6Yu/liquidity-solutions/classic-vs-elastic)&#x20;

#### Next steps

1. [Connect Your Wallet](https://docs.kyberswap.com/~/changes/1kQEhDNzHMDf7SwOE6Yu/kyberswap-solutions/kyberswap-interface/user-guides/connect-your-wallet)
2. [Switching Networks](https://docs.kyberswap.com/~/changes/1kQEhDNzHMDf7SwOE6Yu/kyberswap-solutions/kyberswap-interface/user-guides/selecting-preferred-network)
3. [Elastic Pool Creation ](https://docs.kyberswap.com/~/changes/1kQEhDNzHMDf7SwOE6Yu/liquidity-solutions/kyberswap-elastic/user-guides/elastic-pool-creation)
4. [Add Liquidity To An Existing Elastic Pool ](https://docs.kyberswap.com/~/changes/1kQEhDNzHMDf7SwOE6Yu/liquidity-solutions/kyberswap-elastic/user-guides/add-liquidity-to-an-existing-elastic-pool)
5. [Increasing Liquidity On Elastic](https://docs.kyberswap.com/~/changes/1kQEhDNzHMDf7SwOE6Yu/liquidity-solutions/kyberswap-elastic/user-guides/increasing-liquidity-on-elastic)&#x20;
6. **Elastic Fee Collection <-**
7. [Yield Farming On Elastic](https://docs.kyberswap.com/~/changes/1kQEhDNzHMDf7SwOE6Yu/liquidity-solutions/kyberswap-elastic/user-guides/yield-farming-on-elastic)
8. [Removing Liquidity On Elastic](https://docs.kyberswap.com/~/changes/1kQEhDNzHMDf7SwOE6Yu/liquidity-solutions/kyberswap-elastic/user-guides/removing-liquidity-on-elastic)

</details>

## Collecting your auto-compounded fees

### Step 1: Select position&#x20;

From the My Pools page, choose the position from which to collect fees. You will be able to view the total fees which your position has earned on the position card.

<figure><img src="https://1368568567-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fw1XgQJc40kVeGUIxgI7c%2Fuploads%2F5YpQbNvb2UW4a2NoxRxm%2Fimage.png?alt=media&#x26;token=f3db4f4c-704f-4c96-8e63-4753af4a51a2" alt=""><figcaption><p>Elastic pools dashboard</p></figcaption></figure>

### Step 2: Collect the fees

Click on the "Collect Fees" button and you will prompted to confirm this action in Metamask. Note that this will remove 100% of the accrued fees.

<figure><img src="https://1368568567-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fw1XgQJc40kVeGUIxgI7c%2Fuploads%2FpieoqsVCzT37v9JV4y8J%2Fimage.png?alt=media&#x26;token=44928817-86d9-40d6-b9cf-1b145e9aa54c" alt=""><figcaption><p>Confirm fee collection</p></figcaption></figure>

#### Step 3: Fees collected

KyberSwap will notify you of the fee collection success upon confirmation of the trnasction.

<figure><img src="https://1368568567-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fw1XgQJc40kVeGUIxgI7c%2Fuploads%2FWdICjme8HUYC2vU4ui7k%2Fimage.png?alt=media&#x26;token=71c8466a-4aaa-4e26-8091-080f66d8082c" alt=""><figcaption><p>KyberSwap notification</p></figcaption></figure>

Notice that the fees have also been removed from your position.

<figure><img src="https://1368568567-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fw1XgQJc40kVeGUIxgI7c%2Fuploads%2FyyoyJwr9cFpQDqV6N0QT%2Fimage.png?alt=media&#x26;token=e4c7eeee-953a-4522-afd9-c2832d721bd8" alt=""><figcaption><p>Position summary</p></figcaption></figure>