Curator Parameters

Coming Soon - Mutual Fund Vaults is an upcoming feature. Further details will be available when it launches.

Overview

Curators create and manage vaults on Centuari. This guide covers vault creation, parameter configuration, and ongoing management responsibilities.

Becoming a Curator

Requirements

Minimum Stake

Deposit at least 1% of initial vault size (minimum $10,000)

Legality Agreement

Sign the required legality agreement

Strategy Documentation

Submit detailed strategy description

Track Record

Provide verifiable DeFi experience

Application Process

Apply

Submit curator application with:

Background information
Strategy description
Risk parameters
Fee structure

Review

Centuari team reviews application:

Strategy viability
Risk assessment
Track record verification

Approval

If approved:

Receive curator credentials
Access vault creation tools
Deploy initial stake

Launch

Create vault and begin accepting deposits

Vault Configuration

Basic Parameters

Parameter	Description	Changeable
Vault Name	Display name for users	No
Strategy Type	Category (Fixed Rate, Yield Opt, etc.)	No
Base Asset	Primary stablecoin (USDC, USDT)	No
Description	Strategy explanation	Yes

Fee Parameters

Fee	Range	Description
Management Fee	0-2% annually	Charged on AUM continuously
Performance Fee	0-30%	Charged on profits above hurdle
Hurdle Rate	0-5%	Minimum return before performance fee
Withdrawal Fee	0-1%	One-time fee on withdrawals

Fee Example: 1% management + 20% performance with 5% hurdle

Vault earns 12% APY
Management fee: 1%
Performance: 12% - 5% hurdle = 7% × 20% = 1.4%
Net to depositors: 12% - 1% - 1.4% = 9.6%

Risk Parameters

Parameter	Description	Range
Max Single Position	Largest single allocation	10-25%
Max Protocol Exposure	Exposure to any one protocol	30-100%
Max Maturity	Longest position maturity	30-365 days
Min Cash Buffer	Reserved for withdrawals	5-20%
Max Drawdown Trigger	Loss level triggering review	5-15%

Allocation Rules

Define where capital can be deployed:

{
  "allowedProtocols": [
    { "name": "Centuari", "maxAllocation": 100 },
    { "name": "Aave", "maxAllocation": 40 },
    { "name": "Compound", "maxAllocation": 40 },
    { "name": "Pendle", "maxAllocation": 30 }
  ],
  "allowedAssets": ["USDC", "USDT", "DAI"],
  "allowedMaturities": {
    "min": 7,
    "max": 180
  }
}

Managing Your Vault

Daily Operations

Monitor Positions
Rebalancing
Withdrawals

Review all active positions
Check maturity calendar
Monitor health factors
Track protocol rates

Position Management

Curators interact with positions through the curator dashboard:

// Example: Place a lend order
await vault.placeLendOrder({
  asset: 'USDC',
  amount: 100000,
  rate: 0.08,  // 8% APY
  maturity: '2025-06-01'
});

// Example: Enable auto-rollover
await vault.updatePosition(positionId, {
  autoRollover: true,
  targetRate: 0.075  // Min 7.5% to roll
});

Reporting

Curators should provide regular updates:

Report	Frequency	Contents
Performance Summary	Weekly	Returns, allocation, key events
Strategy Update	Monthly	Market outlook, strategy adjustments
Full Review	Quarterly	Detailed performance attribution

Fee Collection

Management Fee

Accrues continuously (per-block)
Automatically deducted from vault assets
Claimable by curator at any time

Performance Fee

Calculated at high-water mark
Only charged on new profits
Claimable when vault at new ATH

Example Fee Flow

Week 1:
  Vault AUM: $1,000,000
  Management fee accrued: $192.31 (1% / 52 weeks)

Week 2:
  Vault grew to $1,010,000
  Profit: $10,000
  Above hurdle: $10,000 - $961.54 (5%/52) = $9,038.46
  Performance fee: $1,807.69 (20% of above-hurdle)

Curator claims:
  Management: $384.62 (2 weeks)
  Performance: $1,807.69
  Total: $2,192.31

Risk Management Responsibilities

Position Monitoring

Curators are responsible for monitoring and managing risk. Negligent risk management may result in curator stake loss and removal.

Responsibility	Action
Health factors	Keep all positions above safe thresholds
Concentration	Stay within defined limits
Liquidity	Maintain withdrawal buffer
Rate changes	Adjust positions for market conditions

Emergency Procedures

If positions become at-risk:

Assess

Identify the at-risk position and severity

Notify

Alert Centuari team if material risk

Act

Take corrective action within parameters

Document

Record incident and response

Curator Stake

Your stake serves as:

Alignment mechanism (first-loss position)
Collateral for negligent behavior
Signal of commitment to depositors

Stake may be slashed for:

Violating allocation rules
Negligent risk management
Extended periods without management
Fraud or manipulation

Governance & Updates

Changing Parameters

Most parameters can be updated with notice:

Change Type	Notice Period	Approval
Fee increase	30 days	Governance vote
Fee decrease	Immediate	Curator decision
Risk parameter tightening	7 days	Curator decision
Risk parameter loosening	14 days	Governance vote
Strategy change	30 days	Governance vote

Vault Closure

To close a vault:

Announce

Announce closure with 30-day notice

Stop Deposits

Disable new deposits immediately

Wind Down

Allow positions to mature, don’t roll

Distribute

Return all funds to depositors

Claim Stake

Retrieve curator stake after full wind-down

Best Practices

Communicate

Regular updates build depositor trust

Document

Record all decisions and rationale

Monitor

Check positions at least daily

Diversify

Don’t over-concentrate in single positions

Curator Tools

Available through the curator dashboard:

Position Manager: Create, modify, close positions
Analytics: Performance attribution, risk metrics
Withdrawal Queue: Process pending withdrawals
Communication: Post updates to depositors
Fee Claims: View and claim earned fees

Apply to Become a Curator

Start your curator application

Getting Started

Products

User Guides

Resources

Curator Parameters

Overview

Becoming a Curator

Requirements

Minimum Stake

Legality Agreement

Strategy Documentation

Track Record

Application Process

Vault Configuration

Basic Parameters

Fee Parameters

Risk Parameters

Allocation Rules

Managing Your Vault

Daily Operations

Position Management

Reporting

Fee Collection

Management Fee

Performance Fee

Example Fee Flow

Risk Management Responsibilities

Position Monitoring

Emergency Procedures

Curator Stake

Governance & Updates

Changing Parameters

Vault Closure

Best Practices

Communicate

Document

Monitor

Diversify

Curator Tools

Apply to Become a Curator

​Overview

​Becoming a Curator

​Requirements

Minimum Stake

Legality Agreement

Strategy Documentation

Track Record

​Application Process

​Vault Configuration

​Basic Parameters

​Fee Parameters

​Risk Parameters

​Allocation Rules

​Managing Your Vault

​Daily Operations

​Position Management

​Reporting

​Fee Collection

​Management Fee

​Performance Fee

​Example Fee Flow

​Risk Management Responsibilities

​Position Monitoring

​Emergency Procedures

​Curator Stake

​Governance & Updates

​Changing Parameters

​Vault Closure

​Best Practices

Communicate

Document

Monitor

Diversify

​Curator Tools

Apply to Become a Curator

Overview

Becoming a Curator

Requirements

Application Process

Vault Configuration

Basic Parameters

Fee Parameters

Risk Parameters

Allocation Rules

Managing Your Vault

Daily Operations

Position Management

Reporting

Fee Collection

Management Fee

Performance Fee

Example Fee Flow

Risk Management Responsibilities

Position Monitoring

Emergency Procedures

Curator Stake

Governance & Updates

Changing Parameters

Vault Closure

Best Practices

Curator Tools