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Curators

Curators are the primary participants servicing Instant Liquidity. They deploy and manage Symbiotic vaults, configure supported redemption assets and pricing parameters, and use vault liquidity to acquire assets through instant redemption requests.

Unlike traditional liquidity providers that rely on idle capital buffers, curators can deploy idle vault capital into external yield opportunities through Symbiotic adapters while keeping it available to service future redemption requests. This allows them to generate additional yield without compromising their ability to provide liquidity.

Responsibilities

Curators are responsible for managing the complete lifecycle of a vault, including:

  • Deploying and managing Symbiotic vaults.
  • Whitelisting supported redemption assets.
  • Configuring a minimum acceptable discount for each asset.
  • Allocating idle capital to supported passive yield adapters.
  • Servicing redemption requests using vault liquidity.

Servicing Redemptions

When a user requests an instant redemption, the curator receives the request through either the Symbiotic RFQ or another supported integration.

If the redemption satisfies the configured parameters, the curator uses liquidity from the Symbiotic vault to settle the redemption immediately. The acquired asset is then redeemed natively with the issuer or otherwise managed according to the curator's own strategy until settlement completes.

During this period, the vault capital remains committed while the underlying asset proceeds through its standard redemption process.

Passive Yield

Capital does not need to remain idle while waiting for redemption requests.

Curators can allocate available vault liquidity to supported DeFi protocols such as Morpho, Aave, or other passive strategies through Symbiotic adapters. Whenever liquidity is required, capital can be withdrawn and used to settle redemption requests.

This allows vault depositors to earn both a base yield and additional revenue generated from servicing instant redemptions.

Reward Profile

Curators generate yield from multiple sources:

  • Redemption spreads earned from servicing instant redemptions.
  • Base yield generated through passive yield adapters.
  • Optional rewards from allocating capital to Symbiotic applications.

The contribution of each yield source depends on redemption activity, asset selection, and the curator's allocation strategy.