# Vault Curators & Operators ### **Batched settlement, clean execution.** Deposits and redemptions are queued, then processed at a single NAV valuation point per cycle. No real-time execution pressure or fragmented pricing. The valuation provider proposes a NAV, the curator reviews and accepts, and all pending requests settle at that price. It works the way institutional fund managers handle subscriptions, just on-chain. *** ### **Clear role boundaries.** Curators manage strategy allocation and execute settlements. They can't change fee rates, pause the vault, or modify access controls (that's the Vault Admin). NAV computation is handled by an independent Valuation Provider, not the curator. You focus on strategy. Governance, compliance, and configuration risk sit elsewhere by design. *** ### **Multi-vault aggregation.** MultiVaults let you aggregate multiple sub-vaults into a single top-level vault, rebalancing liquidity across protocols without requiring depositors to manage individual positions. Route capital across lending markets, liquidity pools, and restaking protocols from one interface. Depositors interact with one token while you manage the complexity underneath. *** ### **Yield infrastructure out of the box.** The Yield Module integrates with Gauntlet, Steakhouse, Ground, Turtle, and Superstate natively. Deploy capital across DeFi liquidity incentives (Uniswap, Aerodrome, AAVE, Compound), protocol incentive programs, and restaking protocols without building those connections yourself. Execution respects the risk parameters defined at the vault level, so you operate within audited boundaries. *** ### **Native swap for on-the-fly rebalancing.** The Swap Module aggregates liquidity from PancakeSwap, Aerodrome, Uniswap, and Li.Fi directly within the vault architecture. Rebalance, rotate yield sources, adjust collateral, or hedge exposures without leaving the vault context. Users can also deposit with any supported asset, and the module handles conversion automatically, broadening your depositor base with zero extra operational work. *** ### **Transparent fee mechanics.** Fee structures (Management, Performance, Entry/Exit, Protocol) are encoded in the vault contract and visible to every investor before deposit. Fees distribute as newly minted shares at each settlement. Performance fees use a high-water mark, so you're only compensated on genuine new profits. Incentive alignment is verifiable on-chain, not buried in a side letter. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://city-protocol.gitbook.io/docs/introduction/value-proposition/vault-curators-and-operators.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.