diff --git a/contracts/MaticX.sol b/contracts/MaticX.sol
index 8b99da67..e6f16cce 100644
--- a/contracts/MaticX.sol
+++ b/contracts/MaticX.sol
@@ -26,6 +26,7 @@ contract MaticX is
 	using StringsUpgradeable for string;
 
 	bytes32 public constant BOT = keccak256("BOT");
+	uint256 private constant MAX_FEE_PERCENT = 20;
 	uint256 private constant NOT_ENTERED = 1;
 	uint256 private constant ENTERED = 2;
 
@@ -477,12 +478,15 @@ contract MaticX is
 	/// ------------------------------ Setters ---------------------------------
 
 	/// @notice Sets a fee percent.
-	/// @param _feePercent - Fee percent (10 = 10%)
+	/// @param _feePercent - Fee percent (1 = 1%)
 	// slither-disable-next-line reentrancy-eth
 	function setFeePercent(
 		uint8 _feePercent
 	) external override nonReentrant onlyRole(DEFAULT_ADMIN_ROLE) {
-		require(_feePercent <= 100, "Fee percent must not exceed 100");
+		require(
+			_feePercent <= MAX_FEE_PERCENT,
+			"Fee percent must not exceed 20"
+		);
 
 		uint256[] memory validatorIds = validatorRegistry.getValidators();
 		uint256 validatorIdCount = validatorIds.length;
diff --git a/test/MaticX.spec.ts b/test/MaticX.spec.ts
index a10f41fa..5e50db0e 100644
--- a/test/MaticX.spec.ts
+++ b/test/MaticX.spec.ts
@@ -31,7 +31,7 @@ describe("MaticX", function () {
 	const stakeAmount = ethers.utils.parseUnits("100", 18);
 	const tripleStakeAmount = stakeAmount.mul(3);
 	const version = "2";
-	const feePercent = 10;
+	const feePercent = 20;
 
 	async function deployFixture(callMaticXInitializeV2 = true) {
 		await reset(providerUrl, envVars.FORKING_BLOCK_NUMBER);
@@ -2444,7 +2444,9 @@ describe("MaticX", function () {
 				const { maticX, stakerA, defaultAdminRole } =
 					await loadFixture(deployFixture);
 
-				const promise = maticX.connect(stakerA).setFeePercent(100);
+				const promise = maticX
+					.connect(stakerA)
+					.setFeePercent(feePercent);
 				await expect(promise).to.be.revertedWith(
 					`AccessControl: account ${stakerA.address.toLowerCase()} is missing role ${defaultAdminRole}`
 				);
@@ -2453,9 +2455,9 @@ describe("MaticX", function () {
 			it("Should revert with the right error if passing a too high fee percent", async function () {
 				const { maticX, manager } = await loadFixture(deployFixture);
 
-				const promise = maticX.connect(manager).setFeePercent(101);
+				const promise = maticX.connect(manager).setFeePercent(21);
 				await expect(promise).to.be.revertedWith(
-					"Fee percent must not exceed 100"
+					"Fee percent must not exceed 20"
 				);
 			});
 		});