Skip to main content
Animation showing user depositing into a curator-managed vault with automatic rebalancing

​
Overview

Mutual Fund Vaults are curator-managed pools that automatically deploy capital across yield strategies. Instead of managing your own positions, deposit into a vault and let experienced curators optimize returns.
Think of it as: DeFi mutual funds. Professional management, transparent on-chain, and you can withdraw anytime.

​
Why Vaults?

​
The Challenge

Managing fixed-rate positions requires:
  • Monitoring multiple maturities
  • Rebalancing across rates
  • Optimizing rollover timing
  • Tracking market conditions
Most users don’t have time for active management.

​
The Solution

Professional Management

Curators with proven track records manage strategy

Automatic Rebalancing

Positions optimized continuously

Diversification

Exposure across multiple positions reduces risk

Liquid

Withdraw anytime (subject to vault liquidity)

​
How Vaults Work

1

Deposit

Deposit stablecoins into your chosen vault
2

Receive Shares

Get vault shares representing your proportional ownership
3

Curator Manages

Curator deploys capital according to vault strategy
4

Yields Accrue

Your share value increases as yields are earned
5

Withdraw

Redeem shares for your principal + returns

​
Vault Types

Strategy: Pure fixed-rate lendingDeploys to Centuari fixed-rate positions only:
  • Various maturities (30-180 days)
  • Multiple stablecoins
  • Auto-rollover enabled
Target Yield: 6-10% APY Risk: Low (fixed rates, stablecoin only)
VaultCuratorStrategyTVL30d APY
Steady YieldCuratorDAOFixed Rate Focus$5.2M7.8%
Alpha OptimizerDeFi PartnersYield Optimized$12.1M11.2%
Treasury PlusInstitutional CapRWA Enhanced$8.7M8.5%

View All Vaults

Browse and compare available vaults

​
Vault Mechanics

​
Share Pricing

Vault shares are priced based on total assets under management: 
Share Price = Total Vault Assets / Total Shares Outstanding
As yields accrue, total assets increase, and share price rises. Example: 
Day 1:
  You deposit: $10,000
  Share price: $1.00
  You receive: 10,000 shares

Day 90:
  Vault earned 2% (quarterly)
  Share price: $1.02
  Your shares worth: $10,200

​
Deposits

  • No minimum: Deposit any amount
  • Instant: Shares issued immediately
  • Gasless: Protocol covers gas

​
Withdrawals

  • Request: Initiate withdrawal request
  • Queue: May enter queue if vault liquidity insufficient
  • Receive: Funds sent when liquidity available
Withdrawal Queue: If a vault is fully deployed, you may wait for positions to mature or be liquidated before receiving funds. Check vault liquidity before depositing.

​
Fees

Fee TypeTypical RangeCharged To
Management Fee0.5-2% annuallyVault assets
Performance Fee10-20% of profitsYields earned
Withdrawal Fee0-0.5%Withdrawal amount
Fees are set by curators and disclosed upfront.

​
Curator Requirements

Anyone can become a curator, but successful vaults require:
  • Demonstrated DeFi experience
  • Verified historical performance
  • Community reputation
  • Minimum curator deposit (typically 1-5% of vault)
  • Aligns curator incentives with depositors
  • Clear strategy description
  • Risk parameters defined
  • Rebalancing rules explained

​
Risk Disclosures

Vaults are not risk-free. Understand before depositing:
RiskDescriptionMitigation
Curator RiskPoor decisions lose moneyTrack record review, skin in game
Smart Contract RiskVault/strategy contract bugsAudits, insurance
Liquidity RiskCannot withdraw immediatelyCheck liquidity ratio
Strategy RiskStrategy underperformsDiversify across vaults

​
Comparing Vaults

When selecting a vault, consider:

​
Performance Metrics

MetricWhat It Shows
30d APYRecent annualized returns
Historical APYLonger-term performance
Sharpe RatioRisk-adjusted returns
Max DrawdownWorst peak-to-trough loss

​
Risk Metrics

MetricWhat It Shows
Liquidity Ratio% available for immediate withdrawal
ConcentrationExposure to single positions
Maturity ProfileWhen underlying positions mature

​
Curator Metrics

MetricWhat It Shows
AUM HistoryGrowth and retention
Curator StakeSkin in the game
Time ActiveExperience with vault

​
Example: Depositing to a Vault

Scenario: You have $50,000 USDC and want passive fixed-rate exposure.
1

Research

Compare vaults:
  • Steady Yield: 7.8% APY, pure fixed-rate, low risk
  • Alpha Optimizer: 11.2% APY, multi-protocol, medium risk
You choose Steady Yield for lower risk.
2

Deposit

  • Connect wallet
  • Enter $50,000 USDC
  • Review fees (1% management, 10% performance)
  • Confirm deposit
3

Receive Shares

  • Get 50,000 vault shares (at $1.00 each)
  • Shares appear in your wallet
4

Monitor

  • Check dashboard for share price updates
  • View underlying positions
  • Track vs benchmark
5

Withdraw (Later)

  • After 6 months, share price is $1.039
  • Your 50,000 shares worth $51,950
  • Withdraw, receive USDC

​
FAQs

Yes, if underlying positions lose value or curator makes poor decisions. Choose vaults with conservative strategies and verified curators to minimize risk.
Continuously. Share price reflects current value of all underlying positions.
No. Vault smart contracts are non-custodial. Curators can only deploy within defined parameters, not withdraw user funds.
You bear losses proportional to your share. Diversifying across multiple vaults reduces single-strategy risk.
Depends on strategy. Fixed Rate Focus vaults earn mostly fixed yields. Yield Optimized vaults have variable components.

Vault Strategies

Learn about different vault strategies

Become a Curator

Create and manage your own vault