> For the complete documentation index, see [llms.txt](https://dirac-finance.gitbook.io/dirac-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dirac-finance.gitbook.io/dirac-finance/vaults.md).

# Vaults

Vaults represent the standardized deployment of strategies across the Dirac infrastructure.

Each vault corresponds to a specific configuration of a strategy, with defined parameters, execution logic, and risk boundaries. They determine how a strategy operates under given market conditions.

A single strategy can be deployed across multiple vaults with different configurations, depending on curator decisions and risk profiles. This allows strategies to be adapted to a wide range of market environments.

Vaults are deployed through Dirac infrastructure and can be operated independently by curators. Only a subset of vaults, selected under defined criteria, is made accessible through the Dirac interface.

This distinction enables open deployment at the infrastructure level, while maintaining a curated access point for capital.

Dirac vaults follow standardized tokenized vault structures, compatible with widely adopted frameworks such as ERC-4626.