diff --git a/ref-exchange/Cargo.toml b/ref-exchange/Cargo.toml
index cd9b8c1..57e8023 100644
--- a/ref-exchange/Cargo.toml
+++ b/ref-exchange/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "ref-exchange"
-version = "0.2.1"
+version = "0.3.0"
 authors = ["Illia Polosukhin <illia.polosukhin@gmail.com>"]
 edition = "2018"
 publish = false
diff --git a/ref-exchange/src/legacy.rs b/ref-exchange/src/legacy.rs
index 8430173..b226642 100644
--- a/ref-exchange/src/legacy.rs
+++ b/ref-exchange/src/legacy.rs
@@ -1 +1,28 @@
 //! This modules captures all the code needed to migrate from previous version.
+
+use near_sdk::borsh::{self, BorshDeserialize, BorshSerialize};
+use near_sdk::collections::{LookupMap, UnorderedSet, Vector};
+use near_sdk::{near_bindgen, AccountId,};
+
+use crate::account_deposit::Account;
+use crate::pool::Pool;
+
+
+
+
+#[near_bindgen]
+#[derive(BorshSerialize, BorshDeserialize)]
+pub struct OldContract {
+    /// Account of the owner.
+    pub owner_id: AccountId,
+    /// Exchange fee, that goes to exchange itself (managed by governance).
+    exchange_fee: u32,
+    /// Referral fee, that goes to referrer in the call.
+    referral_fee: u32,
+    /// List of all the pools.
+    pub pools: Vector<Pool>,
+    /// Accounts registered, keeping track all the amounts deposited, storage and more.
+    pub accounts: LookupMap<AccountId, Account>,
+    /// Set of whitelisted tokens by "owner".
+    pub whitelisted_tokens: UnorderedSet<AccountId>,
+}
diff --git a/ref-exchange/src/lib.rs b/ref-exchange/src/lib.rs
index 367a9db..fb02b2f 100644
--- a/ref-exchange/src/lib.rs
+++ b/ref-exchange/src/lib.rs
@@ -6,6 +6,7 @@ use near_contract_standards::storage_management::{
 use near_sdk::borsh::{self, BorshDeserialize, BorshSerialize};
 use near_sdk::collections::{LookupMap, UnorderedSet, Vector};
 use near_sdk::json_types::{ValidAccountId, U128};
+use near_sdk::serde::{Deserialize, Serialize};
 use near_sdk::{
     assert_one_yocto, env, log, near_bindgen, AccountId, Balance, PanicOnDefault, Promise,
     PromiseResult, StorageUsage,
@@ -35,15 +36,22 @@ mod views;
 
 near_sdk::setup_alloc!();
 
+#[derive(Debug, Serialize, Deserialize, BorshSerialize, BorshDeserialize, Clone)]
+#[serde(crate = "near_sdk::serde")]
+pub struct InternalFeesRatio {
+    /// Portion (bps) of the fee going to exchange in total fee.
+    pub exchange_fee: u32,
+    /// Portion (bps) of the fee going to referral in total fee.
+    pub referral_fee: u32,
+}
+
 #[near_bindgen]
 #[derive(BorshSerialize, BorshDeserialize, PanicOnDefault)]
 pub struct Contract {
     /// Account of the owner.
     owner_id: AccountId,
-    /// Exchange fee, that goes to exchange itself (managed by governance).
-    exchange_fee: u32,
-    /// Referral fee, that goes to referrer in the call.
-    referral_fee: u32,
+    /// Exchange fee and referral_fee (managed by governance).
+    fee_policy: InternalFeesRatio,
     /// List of all the pools.
     pools: Vector<Pool>,
     /// Accounts registered, keeping track all the amounts deposited, storage and more.
@@ -55,11 +63,10 @@ pub struct Contract {
 #[near_bindgen]
 impl Contract {
     #[init]
-    pub fn new(owner_id: ValidAccountId, exchange_fee: u32, referral_fee: u32) -> Self {
+    pub fn new(owner_id: ValidAccountId, fee_policy: InternalFeesRatio) -> Self {
         Self {
             owner_id: owner_id.as_ref().clone(),
-            exchange_fee,
-            referral_fee,
+            fee_policy,
             pools: Vector::new(b"p".to_vec()),
             accounts: LookupMap::new(b"d".to_vec()),
             whitelisted_tokens: UnorderedSet::new(b"w".to_vec()),
@@ -74,9 +81,7 @@ impl Contract {
         self.internal_add_pool(Pool::SimplePool(SimplePool::new(
             self.pools.len() as u32,
             tokens,
-            fee + self.exchange_fee + self.referral_fee,
-            self.exchange_fee,
-            self.referral_fee,
+            fee,
         )))
     }
 
@@ -284,6 +289,7 @@ impl Contract {
             min_amount_out,
             &self.owner_id,
             referral_id,
+            &self.fee_policy,
         );
         self.pools.replace(pool_id, &pool);
         amount_out
@@ -305,7 +311,13 @@ mod tests {
     fn setup_contract() -> (VMContextBuilder, Contract) {
         let mut context = VMContextBuilder::new();
         testing_env!(context.predecessor_account_id(accounts(0)).build());
-        let contract = Contract::new(accounts(0), 4, 1);
+        let contract = Contract::new(
+            accounts(0), 
+            InternalFeesRatio {
+                exchange_fee: 2000, 
+                referral_fee: 500,
+            }
+        );
         (context, contract)
     }
 
@@ -357,7 +369,7 @@ mod tests {
             .predecessor_account_id(account_id.clone())
             .attached_deposit(env::storage_byte_cost() * 300)
             .build());
-        let pool_id = contract.add_simple_pool(tokens, 25);
+        let pool_id = contract.add_simple_pool(tokens, 30);
         testing_env!(context
             .predecessor_account_id(account_id.clone())
             .attached_deposit(to_yocto("0.03"))
@@ -476,7 +488,7 @@ mod tests {
         // Exchange fees left in the pool as liquidity + 1m from transfer.
         assert_eq!(
             contract.get_pool_total_shares(0).0,
-            33337501041992301475 + 1_000_000
+            50006251562988452212 + 1_000_000
         );
 
         contract.withdraw(
@@ -718,7 +730,7 @@ mod tests {
             ],
             None,
         );
-        // Roundtrip returns almost everything except 0.3% fee.
+        // Roundtrip returns almost everything except 0.25% fee.
         assert_eq!(contract.get_deposit(acc, accounts(1)).0, 1_000_000 - 7);
     }
 }
diff --git a/ref-exchange/src/owner.rs b/ref-exchange/src/owner.rs
index 2e11434..7077aad 100644
--- a/ref-exchange/src/owner.rs
+++ b/ref-exchange/src/owner.rs
@@ -1,6 +1,9 @@
 //! Implement all the relevant logic for owner of this contract.
 
 use crate::*;
+use crate::utils::FEE_DIVISOR;
+use crate::legacy::OldContract;
+
 
 #[near_bindgen]
 impl Contract {
@@ -32,12 +35,31 @@ impl Contract {
         }
     }
 
-    /// Migration function from v2 to v2.
+    /// Set fee policy.
+    pub fn set_fee_policy(&mut self, fee_policy: InternalFeesRatio) {
+        self.assert_owner();
+        assert!(
+            fee_policy.exchange_fee + fee_policy.referral_fee <= FEE_DIVISOR,
+            "ERR_FEE_TOO_LARGE"
+        );
+        self.fee_policy = fee_policy;
+    }
+
+    /// Migration function from v2 to v3.
     /// For next version upgrades, change this function.
     #[init(ignore_state)]
     pub fn migrate() -> Self {
-        let contract: Contract = env::state_read().expect("ERR_NOT_INITIALIZED");
-        contract
+        let old_contract: OldContract = env::state_read().expect("ERR_NOT_INITIALIZED");
+        Contract {
+            owner_id: old_contract.owner_id,
+            fee_policy: InternalFeesRatio {
+                exchange_fee: 2000,
+                referral_fee: 500,
+            },
+            pools: old_contract.pools,
+            accounts: old_contract.accounts,
+            whitelisted_tokens: old_contract.whitelisted_tokens,
+        }
     }
 
     pub(crate) fn assert_owner(&self) {
diff --git a/ref-exchange/src/pool.rs b/ref-exchange/src/pool.rs
index 62f650a..1640549 100644
--- a/ref-exchange/src/pool.rs
+++ b/ref-exchange/src/pool.rs
@@ -3,6 +3,7 @@ use near_sdk::{AccountId, Balance};
 
 use crate::simple_pool::SimplePool;
 use crate::utils::SwapVolume;
+use crate::InternalFeesRatio;
 
 /// Generic Pool, providing wrapper around different implementations of swap pools.
 /// Allows to add new types of pools just by adding extra item in the enum without needing to migrate the storage.
@@ -81,6 +82,7 @@ impl Pool {
         min_amount_out: Balance,
         exchange_id: &AccountId,
         referral_id: &Option<AccountId>,
+        fee_policy: &InternalFeesRatio,
     ) -> Balance {
         match self {
             Pool::SimplePool(pool) => pool.swap(
@@ -90,6 +92,7 @@ impl Pool {
                 min_amount_out,
                 exchange_id,
                 referral_id,
+                fee_policy,
             ),
         }
     }
diff --git a/ref-exchange/src/simple_pool.rs b/ref-exchange/src/simple_pool.rs
index fc1d874..d340351 100644
--- a/ref-exchange/src/simple_pool.rs
+++ b/ref-exchange/src/simple_pool.rs
@@ -4,6 +4,7 @@ use near_sdk::borsh::{self, BorshDeserialize, BorshSerialize};
 use near_sdk::collections::LookupMap;
 use near_sdk::json_types::ValidAccountId;
 use near_sdk::{env, AccountId, Balance};
+use crate::InternalFeesRatio;
 
 use crate::errors::{
     ERR13_LP_NOT_REGISTERED, ERR14_LP_ALREADY_REGISTERED, ERR31_ZERO_AMOUNT, ERR32_ZERO_SHARES,
@@ -27,9 +28,9 @@ pub struct SimplePool {
     pub volumes: Vec<SwapVolume>,
     /// Fee charged for swap (gets divided by FEE_DIVISOR).
     pub total_fee: u32,
-    /// Portion of the fee going to exchange.
+    /// obsolete, not used in any logic, reserved for storage integrity
     pub exchange_fee: u32,
-    /// Portion of the fee going to referral.
+    /// obsolete, not used in any logic, reserved for storage integrity
     pub referral_fee: u32,
     /// Shares of the pool by liquidity providers.
     pub shares: LookupMap<AccountId, Balance>,
@@ -42,11 +43,9 @@ impl SimplePool {
         id: u32,
         token_account_ids: Vec<ValidAccountId>,
         total_fee: u32,
-        exchange_fee: u32,
-        referral_fee: u32,
     ) -> Self {
         assert!(
-            total_fee < FEE_DIVISOR && (exchange_fee + referral_fee) <= total_fee,
+            total_fee < FEE_DIVISOR,
             "ERR_FEE_TOO_LARGE"
         );
         assert_ne!(token_account_ids.len(), 1, "ERR_NOT_ENOUGH_TOKENS");
@@ -59,8 +58,8 @@ impl SimplePool {
             amounts: vec![0u128; token_account_ids.len()],
             volumes: vec![SwapVolume::default(); token_account_ids.len()],
             total_fee,
-            exchange_fee,
-            referral_fee,
+            exchange_fee: 0,
+            referral_fee: 0,
             shares: LookupMap::new(format!("s{}", id).into_bytes()),
             shares_total_supply: 0,
         }
@@ -267,6 +266,7 @@ impl SimplePool {
         min_amount_out: Balance,
         exchange_id: &AccountId,
         referral_id: &Option<AccountId>,
+        fee_policy: &InternalFeesRatio,
     ) -> Balance {
         let in_idx = self.token_index(token_in);
         let out_idx = self.token_index(token_out);
@@ -295,18 +295,18 @@ impl SimplePool {
         let numerator = (new_invariant - prev_invariant) * U256::from(self.shares_total_supply);
 
         // Allocate exchange fee as fraction of total fee by issuing LP shares proportionally.
-        if self.exchange_fee > 0 && numerator > U256::zero() {
-            let denominator = new_invariant * self.total_fee / self.exchange_fee;
+        if fee_policy.exchange_fee > 0 && numerator > U256::zero() {
+            let denominator = new_invariant * FEE_DIVISOR / fee_policy.exchange_fee;
             self.mint_shares(&exchange_id, (numerator / denominator).as_u128());
         }
 
         // If there is referral provided and the account already registered LP, allocate it % of LP rewards.
         if let Some(referral_id) = referral_id {
-            if self.referral_fee > 0
+            if fee_policy.referral_fee > 0
                 && numerator > U256::zero()
                 && self.shares.contains_key(referral_id)
             {
-                let denominator = new_invariant * self.total_fee / self.referral_fee;
+                let denominator = new_invariant * FEE_DIVISOR / fee_policy.referral_fee;
                 self.mint_shares(&referral_id, (numerator / denominator).as_u128());
             }
         }
@@ -334,7 +334,7 @@ mod tests {
         let mut context = VMContextBuilder::new();
         context.predecessor_account_id(accounts(0));
         testing_env!(context.build());
-        let mut pool = SimplePool::new(0, vec![accounts(1), accounts(2)], 30, 0, 0);
+        let mut pool = SimplePool::new(0, vec![accounts(1), accounts(2)], 20);
         let mut amounts = vec![to_yocto("5"), to_yocto("10")];
         let num_shares = pool.add_liquidity(accounts(0).as_ref(), &mut amounts);
         assert_eq!(amounts, vec![to_yocto("5"), to_yocto("10")]);
@@ -349,6 +349,10 @@ mod tests {
             1,
             accounts(3).as_ref(),
             &None,
+            &InternalFeesRatio {
+                exchange_fee: 0,
+                referral_fee: 0,
+            }
         );
         assert_eq!(
             pool.share_balance_of(accounts(0).as_ref()),
@@ -380,7 +384,7 @@ mod tests {
         let mut context = VMContextBuilder::new();
         context.predecessor_account_id(accounts(0));
         testing_env!(context.build());
-        let mut pool = SimplePool::new(0, vec![accounts(1), accounts(2)], 100, 100, 0);
+        let mut pool = SimplePool::new(0, vec![accounts(1), accounts(2)], 100);
         let mut amounts = vec![to_yocto("5"), to_yocto("10")];
         let num_shares = pool.add_liquidity(accounts(0).as_ref(), &mut amounts);
         assert_eq!(amounts, vec![to_yocto("5"), to_yocto("10")]);
@@ -395,6 +399,10 @@ mod tests {
             1,
             accounts(3).as_ref(),
             &None,
+            &InternalFeesRatio {
+                exchange_fee: 10000,
+                referral_fee: 0,
+            }
         );
         assert_eq!(
             pool.share_balance_of(accounts(0).as_ref()),
diff --git a/ref-exchange/src/views.rs b/ref-exchange/src/views.rs
index 3d62cc1..63726b2 100644
--- a/ref-exchange/src/views.rs
+++ b/ref-exchange/src/views.rs
@@ -2,7 +2,7 @@
 
 use std::collections::HashMap;
 
-use near_sdk::json_types::{ValidAccountId, U128};
+use near_sdk::json_types::{ValidAccountId, U128, U64};
 use near_sdk::serde::{Deserialize, Serialize};
 use near_sdk::{near_bindgen, AccountId};
 
@@ -39,8 +39,32 @@ impl From<Pool> for PoolInfo {
     }
 }
 
+
+#[derive(Serialize, Deserialize)]
+#[serde(crate = "near_sdk::serde")]
+pub struct Metadata {
+    pub version: String,
+    pub owner_id: AccountId,
+    pub pool_count: U64,
+    pub whitelist_count: U64,
+    pub fee_policy: InternalFeesRatio,
+}
+
+
 #[near_bindgen]
 impl Contract {
+
+    /// meta_data of this contract
+    pub fn get_metadata(&self) -> Metadata {
+        Metadata {
+            owner_id: self.owner_id.clone(),
+            version: env!("CARGO_PKG_VERSION").to_string(),
+            pool_count: self.pools.len().into(),
+            whitelist_count: self.whitelisted_tokens.len().into(),
+            fee_policy: self.fee_policy.clone(),
+        }
+    }
+
     /// Returns semver of this contract.
     pub fn version(&self) -> String {
         env!("CARGO_PKG_VERSION").to_string()
diff --git a/ref-exchange/tests/test_migrate.rs b/ref-exchange/tests/test_migrate.rs
index 69c0f2c..2905a67 100644
--- a/ref-exchange/tests/test_migrate.rs
+++ b/ref-exchange/tests/test_migrate.rs
@@ -4,6 +4,7 @@ use near_sdk::json_types::ValidAccountId;
 use near_sdk_sim::{deploy, init_simulator, to_yocto};
 
 use ref_exchange::ContractContract as Exchange;
+use ref_exchange::InternalFeesRatio;
 
 near_sdk_sim::lazy_static_include::lazy_static_include_bytes! {
     PREV_EXCHANGE_WASM_BYTES => "../res/ref_exchange_local.wasm",
@@ -19,7 +20,11 @@ fn test_upgrade() {
         contract_id: "swap".to_string(),
         bytes: &PREV_EXCHANGE_WASM_BYTES,
         signer_account: root,
-        init_method: new(ValidAccountId::try_from(root.account_id.clone()).unwrap(), 4, 1)
+        init_method: new(ValidAccountId::try_from(root.account_id.clone()).unwrap(), 
+        InternalFeesRatio {
+            exchange_fee: 2000,
+            referral_fee: 500,
+        })
     );
     // Failed upgrade with no permissions.
     let result = test_user
diff --git a/ref-exchange/tests/test_swap.rs b/ref-exchange/tests/test_swap.rs
index d553685..c1fc4b2 100644
--- a/ref-exchange/tests/test_swap.rs
+++ b/ref-exchange/tests/test_swap.rs
@@ -9,7 +9,7 @@ use near_sdk_sim::{
     call, deploy, init_simulator, to_yocto, view, ContractAccount, ExecutionResult, UserAccount,
 };
 
-use ref_exchange::{ContractContract as Exchange, PoolInfo, SwapAction};
+use ref_exchange::{ContractContract as Exchange, PoolInfo, SwapAction, InternalFeesRatio};
 use test_token::ContractContract as TestToken;
 
 near_sdk_sim::lazy_static_include::lazy_static_include_bytes! {
@@ -105,7 +105,10 @@ fn setup_pool_with_liquidity() -> (
         contract_id: swap(),
         bytes: &EXCHANGE_WASM_BYTES,
         signer_account: root,
-        init_method: new(to_va("owner".to_string()), 4, 1)
+        init_method: new(to_va("owner".to_string()), InternalFeesRatio {
+            exchange_fee: 2000,
+            referral_fee: 500,
+        })
     );
     let token1 = test_token(&root, dai(), vec![swap()]);
     let token2 = test_token(&root, eth(), vec![swap()]);
@@ -115,7 +118,7 @@ fn setup_pool_with_liquidity() -> (
     );
     call!(
         root,
-        pool.add_simple_pool(vec![to_va(dai()), to_va(eth())], 25),
+        pool.add_simple_pool(vec![to_va(dai()), to_va(eth())], 30),
         deposit = to_yocto("1")
     )
     .assert_success();
@@ -240,7 +243,10 @@ fn test_withdraw_failure() {
         contract_id: swap(),
         bytes: &EXCHANGE_WASM_BYTES,
         signer_account: root,
-        init_method: new(to_va("owner".to_string()), 4, 1)
+        init_method: new(to_va("owner".to_string()), InternalFeesRatio {
+            exchange_fee: 2000,
+            referral_fee: 500,
+        })
     );
     // Deploy DAI and wETH fungible tokens
     let dai_contract = test_token(&root, dai(), vec![swap()]);
diff --git a/ref-farming/tests/common/init.rs b/ref-farming/tests/common/init.rs
index 1b8746a..c4131a1 100644
--- a/ref-farming/tests/common/init.rs
+++ b/ref-farming/tests/common/init.rs
@@ -5,7 +5,7 @@ use near_sdk::{AccountId};
 use near_sdk_sim::{call, deploy, to_yocto, ContractAccount, UserAccount};
 
 // use near_sdk_sim::transaction::ExecutionStatus;
-use ref_exchange::{ContractContract as TestRef};
+use ref_exchange::{ContractContract as TestRef, InternalFeesRatio};
 
 use test_token::ContractContract as TestToken;
 use ref_farming::{ContractContract as Farming};
@@ -34,7 +34,13 @@ pub fn deploy_pool(root: &UserAccount, contract_id: AccountId, owner_id: Account
         contract_id: contract_id,
         bytes: &EXCHANGE_WASM_BYTES,
         signer_account: root,
-        init_method: new(to_va(owner_id), 4, 1)
+        init_method: new(
+            to_va(owner_id), 
+            InternalFeesRatio {
+                exchange_fee: 2000, 
+                referral_fee: 500,
+            }
+        )
     );
     pool
 }
diff --git a/res/ref_exchange_release.wasm b/res/ref_exchange_release.wasm
index 7b0456e..b913f9e 100755
Binary files a/res/ref_exchange_release.wasm and b/res/ref_exchange_release.wasm differ