Key Concepts

Vault Types

Type	Access	Fee	Key Feature
Public	Anyone	1% profit	Manager executes
Private	Stakers	0%	Hidden, personal
Bucket	Anyone	0%	Portfolio Diversification
Flash	Anyone	3%	48h auto-close

ERC-4626 Shares

• Deposit: assets → shares

• Withdraw: shares → assets

• NAV: totalAssets / totalSupply

High-Water Mark (HWM)

• Tracks peak totalAssets.

• Fees only on new highs.

• Prevents double-dipping.

Manager Challenge

• $100K → $200K (spot trades).

• Simulation: Real prices, no gas.

• Fail: ≤$90K → 30-day cooldown.

• Proof: Hourly on-chain logs.

$TROVE Staking

• 100 $TROVE → Unlock Private Vault.

• 30-day lock → No unstake penalty.