```\nFile: FraxEtherRedemptionQueue.sol\n    /// @notice Sets the fee for redeeming\n    /// @param _newFee New redemption fee given in percentage terms, using 1e6 precision\n    function setRedemptionFee(uint64 _newFee) external {\n        _requireSenderIsTimelock();\n        if (_newFee > FEE_PRECISION) revert ExceedsMaxRedemptionFee(_newFee, FEE_PRECISION);\n\n        emit SetRedemptionFee({ oldRedemptionFee: redemptionQueueState.redemptionFee, newRedemptionFee: _newFee });\n\n        redemptionQueueState.redemptionFee = _newFee;\n    }\n```\n