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A Curator sets a vault’s strategy and risk: which markets it can use and exposure caps. Curators do not allocate day-to-day; that is the Allocator’s role. Curators choose which markets a vault can supply to and set supply caps per market. Their choices drive vault performance and risk. Most important Curator actions are timelocked so depositors can exit if they disagree.

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Responsibilities

  • Strategy: Define the vault’s investment thesis and which markets (or asset types) are allowed.
  • Risk: Set and maintain exposure limits (caps) to protect depositors.
Timelocks on major changes give depositors time to react.

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Role system

Vault roles are separated:
  • Owner: Top-level control; appoints Curator and Allocator; sets vault-wide settings (e.g. fees).
  • Curator: Decides what is allowed—which markets and max exposure. Does not execute allocation.
  • Allocator: Decides how to allocate within those limits (supply/withdraw queues, reallocations). Can be the PublicAllocator contract if the owner configures it.
Strategy and risk (Curator) stay separate from day-to-day allocation (Allocator).