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Overview

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

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Becoming a Curator

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Requirements

Minimum Stake

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

Identity Verification

Complete curator KYC process

Strategy Documentation

Submit detailed strategy description

Track Record

Provide verifiable DeFi experience

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Application Process

1

Apply

Submit curator application with:
  • Background information
  • Strategy description
  • Risk parameters
  • Fee structure
2

Review

Centuari team reviews application:
  • Strategy viability
  • Risk assessment
  • Track record verification
3

Approval

If approved:
  • Receive curator credentials
  • Access vault creation tools
  • Deploy initial stake
4

Launch

Create vault and begin accepting deposits

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Vault Configuration

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Basic Parameters

ParameterDescriptionChangeable
Vault NameDisplay name for usersNo
Strategy TypeCategory (Fixed Rate, Yield Opt, etc.)No
Base AssetPrimary stablecoin (USDC, USDT)No
DescriptionStrategy explanationYes

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Fee Parameters

FeeRangeDescription
Management Fee0-2% annuallyCharged on AUM continuously
Performance Fee0-30%Charged on profits above hurdle
Hurdle Rate0-5%Minimum return before performance fee
Withdrawal Fee0-1%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%

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Risk Parameters

ParameterDescriptionRange
Max Single PositionLargest single allocation10-25%
Max Protocol ExposureExposure to any one protocol30-100%
Max MaturityLongest position maturity30-365 days
Min Cash BufferReserved for withdrawals5-20%
Max Drawdown TriggerLoss level triggering review5-15%

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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
  }
}

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Managing Your Vault

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Daily Operations

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

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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
});

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Reporting

Curators should provide regular updates:
ReportFrequencyContents
Performance SummaryWeeklyReturns, allocation, key events
Strategy UpdateMonthlyMarket outlook, strategy adjustments
Full ReviewQuarterlyDetailed performance attribution

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Fee Collection

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Management Fee

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

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Performance Fee

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

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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

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Risk Management Responsibilities

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Position Monitoring

Curators are responsible for monitoring and managing risk. Negligent risk management may result in curator stake loss and removal.
ResponsibilityAction
Health factorsKeep all positions above safe thresholds
ConcentrationStay within defined limits
LiquidityMaintain withdrawal buffer
Rate changesAdjust positions for market conditions

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Emergency Procedures

If positions become at-risk:
1

Assess

Identify the at-risk position and severity
2

Notify

Alert Centuari team if material risk
3

Act

Take corrective action within parameters
4

Document

Record incident and response

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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

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Governance & Updates

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Changing Parameters

Most parameters can be updated with notice:
Change TypeNotice PeriodApproval
Fee increase30 daysGovernance vote
Fee decreaseImmediateCurator decision
Risk parameter tightening7 daysCurator decision
Risk parameter loosening14 daysGovernance vote
Strategy change30 daysGovernance vote

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Vault Closure

To close a vault:
1

Announce

Announce closure with 30-day notice
2

Stop Deposits

Disable new deposits immediately
3

Wind Down

Allow positions to mature, don’t roll
4

Distribute

Return all funds to depositors
5

Claim Stake

Retrieve curator stake after full wind-down

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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

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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