> 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 are the products through which curated strategies and yield sources are deployed and made accessible to LP capital.

Each vault is configured and managed by a curator according to a defined mandate. The curator selects the relevant venues and yield sources, sets allocation limits and risk parameters, and adjusts the vault over time as market conditions evolve.

A single strategy or yield source can be integrated into multiple vaults with different allocations, mandates, and risk profiles.

Dirac provides the underlying integrations and infrastructure, while curators control vault configuration and management. LPs allocate capital into the curated vaults that match their preferences.

Vaults can therefore combine different sources of yield within a single curated product, while maintaining clear allocation and risk parameters.

Dirac vaults use standardized tokenized vault structures, including ERC-4626-compatible architectures where applicable.