> ## Documentation Index
> Fetch the complete documentation index at: https://docs.hyro.network/llms.txt
> Use this file to discover all available pages before exploring further.

# Vault Configuration

> The parameters a manager controls at vault creation.

On approval, you configure your vault. Every parameter below is visible to LPs as part of the vault's on-chain metadata before they deposit.

## Economics

| Parameter       | Value                                                                                     |
| --------------- | ----------------------------------------------------------------------------------------- |
| Performance fee | Your choice, **10–30%** (HWM-protected, per-LP cost basis)                                |
| Fee split       | 90% manager / 5% protocol / 5% insurance (pre-Phase 3, insurance share rolls to protocol) |
| Manager stake   | 5% of expected initial TVL, locked 3 months, visible on-chain                             |
| Initial TVL cap | $50K – $250K, sized to track-record strength                                              |
| TVL cap review  | Quarterly, based on proven on-chain performance                                           |

## Risk controls

| Parameter       | Range    | Default |
| --------------- | -------- | ------- |
| Max-DD shutdown | 5% – 20% | 8%      |
| Max leverage    | 1× – 20× | 10×     |

## LP-side parameters

| Parameter                          | Default              | Up to              |
| ---------------------------------- | -------------------- | ------------------ |
| Min LP deposit                     | \$100                | \$50,000           |
| Lockup period                      | None                 | 30 days            |
| Cooldown before withdrawal         | Optional 7 days      | Configurable       |
| Weekly redemption cap              | 20% of AUM           | Configurable       |
| Early-exit penalty (during lockup) | 2% to insurance fund | 0% = no early exit |

## Visibility & access

| Parameter        | Options                                       | Default        |
| ---------------- | --------------------------------------------- | -------------- |
| Visibility mode  | Public · Aggregate-only · Time-delayed 7 days | Aggregate-only |
| Access mode      | Public · Private (link-only) · Whitelist      | Public         |
| Rebalancing mode | Auto-immediate · Scheduled 4h · Scheduled 24h | Auto-immediate |

[How visibility modes work →](/lps/visibility-privacy)

## AI-agent friendly

<Tip>
  An autonomous trading agent can run a Direct Vault under the exact same configuration and constraints as a human manager. The SDK exposes every parameter above. [AI Agents SDK →](/builders/ai-agents)
</Tip>