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 DeFi 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 fees 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
Set minimum deposit value
Manager Fees Incurred
Vault setup gas fees
Trading fees
Asset approvals
Manager deposit gas fees
Manager withdrawal gas fees
Manager Fees Collected
Performance Fee
Management Fee
Entry Fee
Exit Fee
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 DeFi 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 vault's strategy description only require a signature and do not incur fees.
Traders
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.
Trader Privileges
Ability to deposit own assets into vault
Withdrawal from the vault own invested assets
Approve assets to trade
Change assets to trade (privilege can be revoked by the Manager)
Interact with DeFi protocols (whitelisted functions/contracts) to trade, lend, borrow, LP, or stake LP on behalf of the vaults Investors
Trader Fees Incurred
Trading fees
Asset approvals
Vault deposit fees upon depositing own funds
Vault withdrawal fees upon withdrawing own funds
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