> ## Documentation Index > Fetch the complete documentation index at: https://docs-staging.centuari.finance/llms.txt > Use this file to discover all available pages before exploring further. # Curator Parameters > Creating and managing vaults as a curator **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 Deposit at least 1% of initial vault size (minimum \$10,000) Sign the required legality agreement Submit detailed strategy description Provide verifiable DeFi experience ### Application Process Submit curator application with: * Background information * Strategy description * Risk parameters * Fee structure Centuari team reviews application: * Strategy viability * Risk assessment * Track record verification If approved: * Receive curator credentials * Access vault creation tools * Deploy initial stake 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: ```json theme={null} { "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 * Review all active positions * Check maturity calendar * Monitor health factors * Track protocol rates * Assess allocation drift * Execute rebalancing trades * Document rationale * Update strategy notes * Process withdrawal queue * Manage liquidity buffer * Communicate delays if any ### Position Management Curators interact with positions through the curator dashboard: ```typescript theme={null} // 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: Identify the at-risk position and severity Alert Centuari team if material risk Take corrective action within parameters 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 closure with 30-day notice Disable new deposits immediately Allow positions to mature, don't roll Return all funds to depositors Retrieve curator stake after full wind-down ## Best Practices Regular updates build depositor trust Record all decisions and rationale Check positions at least daily 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 Start your curator application