> ## 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.

# Vault Allocation

> Deposit into curator-managed vaults for hands-off fixed-rate exposure

## Overview

Don't want to manage positions yourself? Deposit into a Mutual Fund Vault and let experienced curators optimize your fixed-rate exposure.

## Why Use Vaults?

<CardGroup cols={2}>
  <Card title="Professional Management" icon="user-tie">
    Curators with proven track records handle strategy
  </Card>

  <Card title="Diversification" icon="layer-group">
    Exposure across multiple positions and maturities
  </Card>

  <Card title="Hands-Off" icon="hand">
    No active management required
  </Card>

  <Card title="Liquid" icon="droplet">
    Withdraw anytime (subject to vault liquidity)
  </Card>
</CardGroup>

## Choosing a Vault

### Vault Types

| Type             | Strategy                 | Risk    | Target APY |
| ---------------- | ------------------------ | ------- | ---------- |
| Fixed Rate Focus | Pure Centuari fixed-rate | Low     | 6-10%      |
| Yield Optimized  | Multi-protocol yield     | Medium  | 8-15%      |
| RWA Enhanced     | Fixed-rate + RWA         | Low-Med | 7-12%      |

### Key Metrics

When comparing vaults, consider:

| Metric          | What to Look For            |
| --------------- | --------------------------- |
| APY (30d)       | Recent performance          |
| Historical APY  | Longer track record         |
| TVL             | Larger = more confidence    |
| Liquidity Ratio | Higher = easier withdrawals |
| Curator Stake   | More skin in game           |

## Depositing to a Vault

<Steps>
  <Step title="Browse Vaults">
    View available vaults at [app-staging.centuari.finance/vaults](https://app-staging.centuari.finance/vaults)
  </Step>

  <Step title="Compare">
    Review performance, strategy, and fees for each
  </Step>

  <Step title="Select">
    Click on your chosen vault
  </Step>

  <Step title="Enter Amount">
    Specify deposit amount (no minimum for most vaults)
  </Step>

  <Step title="Review Fees">
    See management and performance fee structure
  </Step>

  <Step title="Confirm">
    Sign transaction to deposit
  </Step>

  <Step title="Receive Shares">
    Get vault shares representing your ownership
  </Step>
</Steps>

## Vault Shares

When you deposit, you receive vault shares:

```
Deposit: $10,000 USDC
Share Price: $1.05
Shares Received: 9,523.81

Your ownership: 9,523.81 / Total Shares = X%
```

As the vault earns yield, share price increases.

## Tracking Performance

### Dashboard View

```
Your Vault Position:
├── Vault: Steady Yield
├── Shares: 9,523.81
├── Share Price: $1.07 (↑1.9% since deposit)
├── Current Value: $10,190
├── Deposited: $10,000
├── Profit: $190
└── APY (since deposit): 7.6%
```

### Historical Performance

View vault's track record:

* Daily/weekly/monthly returns
* Drawdown history
* Comparison to benchmarks

## Withdrawing

<Steps>
  <Step title="Access Position">
    Go to your vault position
  </Step>

  <Step title="Click Withdraw">
    Enter amount (all or partial)
  </Step>

  <Step title="Check Liquidity">
    See available liquidity and any queue
  </Step>

  <Step title="Confirm">
    Sign withdrawal transaction
  </Step>

  <Step title="Receive Funds">
    Get stablecoins (immediate if liquidity available)
  </Step>
</Steps>

### Withdrawal Queue

If vault is fully deployed:

* Your withdrawal enters a queue
* Fulfilled as positions mature
* Estimated wait time shown
* Can cancel queue position

<Info>
  Check vault's liquidity ratio before depositing. Higher ratio = easier withdrawals.
</Info>

## Fees

| Fee Type    | Typical Range    | When Charged          |
| ----------- | ---------------- | --------------------- |
| Management  | 0.5-2% annually  | Continuously          |
| Performance | 10-20% of profit | At profit realization |
| Withdrawal  | 0-0.5%           | On withdrawal         |

**Example**:

* Vault earns 10% APY
* 1% management fee
* 20% performance fee (above 5% hurdle)
* Net to you: 10% - 1% - (10%-5%)×20% = 8%

## Comparing Vaults vs Direct Lending

| Aspect            | Direct Lending    | Vault              |
| ----------------- | ----------------- | ------------------ |
| Control           | Full              | Curator manages    |
| Effort            | Active management | Hands-off          |
| Diversification   | You build         | Built-in           |
| Fees              | Protocol only     | Protocol + curator |
| Rate optimization | You decide        | Curator optimizes  |

## Best For

**Vaults are ideal if you**:

* Don't want to actively manage positions
* Prefer professional management
* Want built-in diversification
* Are okay with curator fees for convenience

**Direct lending is better if you**:

* Want maximum control
* Have specific rate/maturity needs
* Prefer minimizing fees
* Enjoy active management

## FAQs

<AccordionGroup>
  <Accordion title="Can I lose money in a vault?">
    Yes, if underlying positions lose value. Choose conservative vaults and verified curators to minimize risk.
  </Accordion>

  <Accordion title="Can curators steal my funds?">
    No. Vault contracts are non-custodial. Curators can only deploy within defined parameters.
  </Accordion>

  <Accordion title="How do I choose the right vault?">
    Match vault strategy to your risk tolerance. Start with Fixed Rate Focus for lowest risk.
  </Accordion>

  <Accordion title="Can I be in multiple vaults?">
    Yes. Diversify across vaults with different strategies.
  </Accordion>
</AccordionGroup>

<Card title="Browse Vaults" icon="grid" href="https://app-staging.centuari.finance/vaults">
  View and compare available vaults
</Card>