> ## 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.

# Create a Vault

> Step-by-step guide to creating a Mutual Fund Vault

## Overview

This guide walks through the complete vault creation process.

## Pre-Creation Planning

Before creating, define:

### 1. Strategy

| Question                          | Your Answer                       |
| --------------------------------- | --------------------------------- |
| What assets will you deploy to?   | (e.g., Centuari fixed-rate, Aave) |
| What maturities?                  | (e.g., 30-90 days)                |
| What's your rebalancing approach? | (e.g., weekly, at maturity)       |
| What makes your strategy unique?  | (e.g., RWA focus, conservative)   |

### 2. Target Users

| Question                     | Your Answer                   |
| ---------------------------- | ----------------------------- |
| Who is this vault for?       | (e.g., conservative lenders)  |
| What's the minimum deposit?  | (e.g., no minimum, \$1,000)   |
| What's your target audience? | (e.g., retail, institutional) |

### 3. Fee Structure

| Fee         | Your Rate   | Market Comparison |
| ----------- | ----------- | ----------------- |
| Management  | (e.g., 1%)  | 0.5-2% typical    |
| Performance | (e.g., 15%) | 10-20% typical    |
| Hurdle      | (e.g., 5%)  | 0-8% typical      |
| Withdrawal  | (e.g., 0%)  | 0-0.5% typical    |

## Creation Steps

<Steps>
  <Step title="Access Curator Dashboard">
    Navigate to curator tools (requires approved curator status)
  </Step>

  <Step title="Click 'Create Vault'">
    Start the vault creation wizard
  </Step>

  <Step title="Basic Information">
    Enter:

    * Vault name (unique, descriptive)
    * Base asset (USDC, USDT, DAI)
    * Strategy type
  </Step>

  <Step title="Strategy Description">
    Write clear description:

    * What the vault does
    * How it generates returns
    * Key risk factors
  </Step>

  <Step title="Configure Allocation Rules">
    Set allowed protocols and limits:

    ```json theme={null}
    {
      "allowedProtocols": [
        { "name": "Centuari", "maxAllocation": 100 },
        { "name": "Aave", "maxAllocation": 40 }
      ],
      "allowedMaturities": { "min": 7, "max": 180 }
    }
    ```
  </Step>

  <Step title="Set Risk Parameters">
    Configure:

    * Max single position (10-25%)
    * Max protocol concentration (30-100%)
    * Minimum cash buffer (5-20%)
  </Step>

  <Step title="Configure Fees">
    Set your fee structure:

    * Management fee
    * Performance fee and hurdle
    * Withdrawal fee (if any)
  </Step>

  <Step title="Review & Confirm">
    Review all settings (most cannot be changed later)
  </Step>

  <Step title="Deploy Stake">
    Deposit your curator stake (minimum 1% of target size)
  </Step>

  <Step title="Launch">
    Vault goes live!
  </Step>
</Steps>

## Configuration Details

### Allocation Rules

```typescript theme={null}
interface AllocationRules {
  allowedProtocols: {
    name: string;
    maxAllocation: number; // percentage
  }[];
  allowedAssets: string[];
  allowedMaturities: {
    min: number; // days
    max: number; // days
  };
  maxSinglePosition: number; // percentage
  minCashBuffer: number; // percentage
}
```

### Example Configurations

<Tabs>
  <Tab title="Conservative">
    ```json theme={null}
    {
      "allowedProtocols": [
        { "name": "Centuari", "maxAllocation": 100 }
      ],
      "allowedMaturities": { "min": 30, "max": 90 },
      "maxSinglePosition": 15,
      "minCashBuffer": 15
    }
    ```
  </Tab>

  <Tab title="Balanced">
    ```json theme={null}
    {
      "allowedProtocols": [
        { "name": "Centuari", "maxAllocation": 70 },
        { "name": "Aave", "maxAllocation": 30 },
        { "name": "Compound", "maxAllocation": 30 }
      ],
      "allowedMaturities": { "min": 14, "max": 180 },
      "maxSinglePosition": 20,
      "minCashBuffer": 10
    }
    ```
  </Tab>

  <Tab title="Aggressive">
    ```json theme={null}
    {
      "allowedProtocols": [
        { "name": "Centuari", "maxAllocation": 50 },
        { "name": "Aave", "maxAllocation": 50 },
        { "name": "Pendle", "maxAllocation": 40 },
        { "name": "Other", "maxAllocation": 30 }
      ],
      "allowedMaturities": { "min": 7, "max": 365 },
      "maxSinglePosition": 25,
      "minCashBuffer": 5
    }
    ```
  </Tab>
</Tabs>

## Naming Best Practices

Good names:

* "Steady Yield USDC" (clear, descriptive)
* "Conservative Fixed Income" (indicates risk level)
* "Multi-Protocol Optimizer" (describes strategy)

Avoid:

* "Best Returns Ever" (misleading)
* "Risk-Free Yield" (no yield is risk-free)
* Competitor names or trademarks

## Post-Launch

After launching:

<Steps>
  <Step title="Monitor">
    Watch for first deposits
  </Step>

  <Step title="Deploy">
    Begin deploying capital according to strategy
  </Step>

  <Step title="Communicate">
    Post updates for early depositors
  </Step>

  <Step title="Iterate">
    Adjust approach based on learnings
  </Step>
</Steps>

## Modifying Vault Settings

| Setting          | Changeable? | Process              |
| ---------------- | ----------- | -------------------- |
| Name             | No          | Fixed at creation    |
| Base asset       | No          | Fixed                |
| Strategy type    | No          | Fixed                |
| Description      | Yes         | Curator update       |
| Allocation rules | Limited     | Governance vote      |
| Fee increase     | Yes         | 30-day notice + vote |
| Fee decrease     | Yes         | Curator decision     |

## FAQs

<AccordionGroup>
  <Accordion title="Can I create multiple vaults?">
    Yes, after establishing track record with first vault.
  </Accordion>

  <Accordion title="What if I want to change strategy?">
    Major strategy changes require governance approval or creating a new vault.
  </Accordion>

  <Accordion title="Minimum AUM to be profitable?">
    Depends on your fees and time investment. Typically \$500k+ for meaningful curator income.
  </Accordion>
</AccordionGroup>