Guardians and Strategies

Who are vault guardians

Each vault has a set of one or more designated guardians elected by the vault owner to implement a specific strategy. Each guardian can submit operations and pause the vault (in the event of a security emergency).

Guardians are sophisticated actors who specialize in using off chain intelligence to achieve onchain objectives. They develop proprietary technology that allows them to effectively implement a wide variety of strategies. Each vault owner can pick the set of vault guardians that are best suited to achieve their objectives or even elect a vault guardians from within their own team.

A guardian cannot (among other things):

• Deposit or withdraw any funds/liquidity

• Change what actions they are able to perform by adding/removing oracles or whitelisting hooks

• Elect other guardians

Why they matter

Guardians implement strategies and help customers get value from Aera vaults. A strategy aligns expectations between customers and guardians, allowing guardians to achieve customer objectives while operating in a predictable way.

Strategies may:

• Have diverse sets of objectives dependent on the goals of depositors

• Interact with different sets of external protocols onchain

See our use cases for examples of strategies.

How to become a guardian/develop strategies

To become a guardian, please contact our team (contact us).

Strategies are typically developed by professional risk managers and their development is beyond the scope of this document. For the technical requirements of developing a working strategy, see the “For Guardians” section.

Caveats

While guardians, their addresses and hooks are maintained onchain for each vault, strategies do not have any onchain representation or enforcement other than how individual guardian actions are constrained by the relevant hooks.