Managers
Trust minimized vault managers have certain privileges designated to them by the dHEDGE asset management protocol.
These special privileges include trading assets on depositors behalf, collecting management fees, or making updates to the tradable assets of vaults. Under no circumstances does the vault manager wallet address have the permissions to withdraw capital from a vault; depositors retain full custody over their capital at all times. Vaults are managed by a single ‘Manager Wallet’ address. This wallet address is used to sign specific transactions and interact with different De-Fi protocols enabled by the dHEDGE protocol for managers to use.
These privileges include:
- Deposit manager’s own funds into vault
- Withdrawal manger deposited funds from vault
- Approve assets to trade in the vault
- Change tradeable assets in the vault
- Interact with de-fi protocols (whitelisted functions or contracts) to trade, lend, borrow, LP, or stake LP on behalf of the vaults Investors
- Create vaults
- Change management addresses
- Change performance & management fee percentages
- Make a managed vault private (whitelisted address and NFT collection addresses can deposit)
- Make the vault public
- Set a trader wallet address (used in API or SDK)
- Remove or revoke a trader wallet
- Vault setup gas fees
- Trading fees
- Asset approvals
- Manager deposit gas fees
- Manager withdrawal gas fees
- Setting trader wallet
- Performance Fee
- Management Fees
The Manager’s wallet will have sole rights to read and write certain transactions of the vault regarding management. Such rights include edits, updates, linking the account to a social media network, and interacting with De-Fi Protocols (whitelisted functions/contracts) to trade, lend, borrow, provide LP, stake LP etc). The ‘Manager’s Wallet' will also be where the Fees are sent to. Managers can use active management strategies, algorithmic strategies, or deposit in other vaults on dHEDGE. Automated strategies are possible with the dHEDGE SDK.
Failed transactions will still incur network fees. The scope and execution of trades are beyond the dHEDGE protocol and depend solely on the protocols the manager selects to manage vault assets. Updates to a vaults details only require a signature and do not incur fees.
Trading wallets are designated only by the Manager's wallet and are given trading access only to vault assets. Trades can be initiated via the SDK or an active trader. Vaults can only have a single trading wallet at a time. Designating a Trader Wallet does not impact the Manager's ability to also initiate trades on behalf of the vault.
When trades are initiated by a Trader Wallet, trading fees are expensed to the Trader Wallet and not the Manager’s. As stated earlier, the Manger or Trader Wallet are expensed administrative and trading fees depending on which wallet a trade or update was initiated from.
- Ability to deposit own assets into vault
- Withdrawal from the vault own invested assets
- Approve assets to trade
- Change assets to trade
- Interact with de-fi protocols (whitelisted functions/contracts) to trade, lend, borrow, LP, or stake LP on behalf of the vaults Investors
- Trading fees
- Asset approvals
- Vault deposit fees upon depositing own funds
- Vault withdrawal fees upon withdrawing own funds
Last modified 1mo ago