diff --git a/packages/validator-bonds-cli/README.md b/packages/validator-bonds-cli/README.md
index 4f4807b5..d65f5bbb 100644
--- a/packages/validator-bonds-cli/README.md
+++ b/packages/validator-bonds-cli/README.md
@@ -49,13 +49,11 @@ Options:
   -u, --cluster <cluster>                              solana cluster URL, accepts shortcuts (d/devnet, m/mainnet) (default: "http://127.0.0.1:8899")
   -c <cluster>                                         alias for "-u, --cluster"
   --commitment <commitment>                            Commitment (default: "confirmed")
-  -k, --keypair <keypair-or-ledger>                    Wallet keypair (path or ledger url in format usb://ledger/[<pubkey>][?key=<derivedPath>])  (default: ~/.config/solana/id.json)
+  -k, --keypair <keypair-or-ledger>                    Wallet keypair (path or ledger url in format usb://ledger/[<pubkey>][?key=<derivedPath>]). Wallet keypair is used to pay for the transaction fees and as default value for signers. (default: ~/.config/solana/id.json)
   --program-id <pubkey>                                Program id of validator bonds contract (default: vBoNdEvzMrSai7is21XgVYik65mqtaKXuSdMBJ1xkW4)
   -s, --simulate                                       Simulate (default: false)
-  -p, --print-only                                     Print only mode, no execution, instructions are printed in base64 to output. This can be used for placing the admin commands to SPL
-                                                       Governance UI by hand. (default: false)
-  --skip-preflight                                     transaction execution flag "skip-preflight", see https://solanacookbook.com/guides/retrying-transactions.html#the-cost-of-skipping-preflight
-                                                       (default: false)
+  -p, --print-only                                     Print only mode, no execution, instructions are printed in base64 to output. This can be used for placing the admin commands to SPL Governance UI by hand. (default: false)
+  --skip-preflight                                     transaction execution flag "skip-preflight", see https://solanacookbook.com/guides/retrying-transactions.html#the-cost-of-skipping-preflight (default: false)
   -d, --debug                                          printing more detailed information of the CLI execution (default: false)
   -v, --verbose                                        alias for --debug (default: false)
   -h, --help                                           display help for command
diff --git a/packages/validator-bonds-cli/__tests__/test-validator/initConfig.spec.ts b/packages/validator-bonds-cli/__tests__/test-validator/initConfig.spec.ts
index 438dace3..df3c3ca9 100644
--- a/packages/validator-bonds-cli/__tests__/test-validator/initConfig.spec.ts
+++ b/packages/validator-bonds-cli/__tests__/test-validator/initConfig.spec.ts
@@ -19,6 +19,9 @@ describe('Init config account using CLI', () => {
   let configPath: string
   let configKeypair: Keypair
   let configCleanup: () => Promise<void>
+  let keypairFeePayerPath: string
+  let keypairFeePayerKeypair: Keypair
+  let keypairFeePayerCleanup: () => Promise<void>
 
   beforeAll(async () => {
     shellMatchers()
@@ -31,10 +34,16 @@ describe('Init config account using CLI', () => {
       keypair: configKeypair,
       cleanup: configCleanup,
     } = await createTempFileKeypair())
+    ;({
+      path: keypairFeePayerPath,
+      keypair: keypairFeePayerKeypair,
+      cleanup: keypairFeePayerCleanup,
+    } = await createTempFileKeypair())
   })
 
   afterEach(async () => {
     await configCleanup()
+    await keypairFeePayerCleanup()
   })
 
   it('inits config account', async () => {
@@ -44,17 +53,30 @@ describe('Init config account using CLI', () => {
       cleanup: cleanupRentPayer,
     } = await createTempFileKeypair()
     const rentPayerFunds = 10 * LAMPORTS_PER_SOL
-    const tx = new Transaction().add(
-      SystemProgram.transfer({
-        fromPubkey: provider.wallet.publicKey,
-        toPubkey: rentPayerKeypair.publicKey,
-        lamports: rentPayerFunds,
-      })
+    await provider.sendAndConfirm(
+      new Transaction().add(
+        SystemProgram.transfer({
+          fromPubkey: provider.wallet.publicKey,
+          toPubkey: rentPayerKeypair.publicKey,
+          lamports: rentPayerFunds,
+        })
+      )
     )
-    await provider.sendAndConfirm!(tx)
     await expect(
       provider.connection.getBalance(rentPayerKeypair.publicKey)
     ).resolves.toStrictEqual(rentPayerFunds)
+    await provider.sendAndConfirm(
+      new Transaction().add(
+        SystemProgram.transfer({
+          fromPubkey: provider.wallet.publicKey,
+          toPubkey: keypairFeePayerKeypair.publicKey,
+          lamports: LAMPORTS_PER_SOL,
+        })
+      )
+    )
+    await expect(
+      provider.connection.getBalance(keypairFeePayerKeypair.publicKey)
+    ).resolves.toStrictEqual(LAMPORTS_PER_SOL)
 
     const admin = Keypair.generate().publicKey
     const operator = Keypair.generate().publicKey
@@ -66,6 +88,8 @@ describe('Init config account using CLI', () => {
             'cli',
             '-u',
             provider.connection.rpcEndpoint,
+            '-k',
+            keypairFeePayerPath,
             '--program-id',
             program.programId.toBase58(),
             'init-config',
@@ -113,6 +137,8 @@ describe('Init config account using CLI', () => {
           'cli',
           '-u',
           provider.connection.rpcEndpoint,
+          '-k',
+          keypairFeePayerPath,
           '--program-id',
           program.programId.toBase58(),
           'init-config',
diff --git a/packages/validator-bonds-cli/src/index.ts b/packages/validator-bonds-cli/src/index.ts
index df610f53..4f9e6d0d 100644
--- a/packages/validator-bonds-cli/src/index.ts
+++ b/packages/validator-bonds-cli/src/index.ts
@@ -7,7 +7,6 @@ import {
   parseKeypair,
   parsePubkey,
 } from '@marinade.finance/cli-common'
-import { Keypair } from '@solana/web3.js'
 import { installCommands } from './commands'
 import { Logger } from 'pino'
 import { setValidatorBondsCliContext } from './context'
@@ -29,8 +28,9 @@ program
   .option('--commitment <commitment>', 'Commitment', 'confirmed')
   .option(
     '-k, --keypair <keypair-or-ledger>',
-    'Wallet keypair (path or ledger url in format usb://ledger/[<pubkey>][?key=<derivedPath>]) ' +
-      ` (default: ${DEFAULT_KEYPAIR_PATH})`
+    'Wallet keypair (path or ledger url in format usb://ledger/[<pubkey>][?key=<derivedPath>]). ' +
+      'Wallet keypair is used to pay for the transaction fees and as default value for signers. ' +
+      `(default: ${DEFAULT_KEYPAIR_PATH})`
   )
   .option(
     '--program-id <pubkey>',
@@ -58,8 +58,8 @@ program
   .hook('preAction', async (command: Command, action: Command) => {
     const wallet = command.opts().keypair
     const walletKeypair = wallet
-      ? ((await wallet) as Keypair)
-      : await parseKeypair('~/.config/solana/id.json')
+      ? await parseKeypair(wallet)
+      : await parseKeypair(DEFAULT_KEYPAIR_PATH)
     if (command.opts().debug || command.opts().verbose) {
       logger.level = 'debug'
     }