> For the complete documentation index, see [llms.txt](https://docs.aera.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.aera.finance/v1-archive/guides/treasuries.md).

# Treasuries

Protocols with treasuries are the primary end-user of Aera. They use Aera to achieve a targeted level of volatility for their treasury.

Please start by reading [Lifecycle Model](/v1-archive/concepts/lifecycle-model.md), which explains the primary vault states and functions. This guide will focus on how to use them most effectively.