# Roles and Capacities

City Protocol vaults use role-based permissions to separate governance, execution, valuation, and access control. This structure reduces operational risk and mirrors traditional asset management compliance standards.

<table><thead><tr><th width="172.921875">Role</th><th width="131.54296875">Scope</th><th>Description</th></tr></thead><tbody><tr><td>Vault Admin</td><td>Configuration and Safety</td><td>Governs configuration and safety controls. Does not run the strategy, but can change critical parameters such as fee rates or pausing the vault in emergencies.</td></tr><tr><td>Vault Curator</td><td>Strategy and Settlement</td><td>Manages strategy allocation and executes settlements. Validates the valuation proposal and decides when to process deposit and withdrawal batches.</td></tr><tr><td>Valuation Provider</td><td>Pricing</td><td>Proposes the valuation inputs used to set the settlement price per share. Accuracy matters because it drives how many shares are minted, how much users redeem, and how fees are applied.</td></tr><tr><td>Whitelist Manager</td><td>Access Control</td><td>Maintains the allowed list of depositors on KYC or KYB gated vaults.</td></tr></tbody></table>


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