Roles & Responsibilities
The vault operates with a clear separation of duties across five roles. No single actor controls the full system, which is the point.
Summary
Vault Admin
Governance and configuration
Curator
Strategy execution and settlement
Valuation Provider
NAV calculation and submission
Access Manager
Whitelist / blacklist / compliance
Security Council
Independent price guardrail oversight
Vault Admin
Governs configuration and safety controls. Doesn't run the strategy, sets the parameters within which the Curator operates. Manages fee structures (within on-chain caps), upgrade delays, and proxy settings.
Curator
The operational brain of the vault. For Flint, this is 9 Summits.
They deploy capital into lend.xyz / opLend bond positions, accept NAV proposals from the Valuation Provider, call settleDeposit() and settleRedeem() to process pending batches, and monitor ongoing exposure. Allocation decisions sit with them.
Valuation Provider
Submits NAV proposals that drive all settlement calculations. Accuracy matters directly here because a wrong NAV affects how many shares are minted, how much users redeem, and how fees are applied. The provider can't push a valuation through alone, it has to be accepted by the Curator first.
Access Manager
Controls who can interact with the vault. Three modes:
Whitelist
Only approved addresses can deposit or redeem
Blacklist
Open to all except explicitly blocked addresses
Sanctions list
Automated compliance screening regardless of active mode
A Super Operator role exists that bypasses all access restrictions, used for specific operational needs.
Security Council
Acts as independent oversight. Manages the price-per-share guardrails: on-chain bounds that limit how much the NAV can move between two consecutive updates. If a proposed valuation exceeds those bounds, it's automatically rejected. The Security Council can also propose emergency valuations that bypass guardrails when a legitimate extreme move happens.
Next: Fees
Last updated
Was this helpful?