Curators

Curators define the underlying strategy of a vault. They decide how capital is allocated across different applications and adapters, ranging from external DeFi protocols to RWA liquidity through Liquid Lane. They also configure the vault's parameters during deployment and define the fees charged to depositors.

Curators are typically market makers, risk managers, or yield funds with expertise in evaluating and managing on-chain strategies. However, vault creation on Symbiotic is permissionless, meaning anyone is free to create and manage their own vault.

Responsibilities

Curators are responsible for defining a vault's strategy and assessing the risk of the adapters they onboard. Adapters can refer to either native Symbiotic applications (e.g. Cap) or external yield strategies, ranging from passive allocations to DeFi protocols such as Morpho and Aave to tokenized asset redemption strategies through Liquid Lane.

During vault creation, curators define a set of immutable parameters, including the collateral asset accepted by the vault. They also configure the vault's operational parameters, such as fees, deposit restrictions, allocation limits, supported adapters, and capital allocation across different strategies. As market conditions evolve, curators can rebalance these allocations and update the vault's configurable parameters to keep the strategy aligned with its objectives.