Vault Lifecycle Management
One of the most powerful features available to issuers is complete vault lifecycle management. This allows issuers to guide a vault product through every phase of its existence.
Lifecycle Phases
1. Creation & Configuration
Define the vault's parameters — yield structure, lock period, target network, compliance requirements, and investor eligibility. The vault is set up but not yet open for investment.
2. Subscription (Open)
The vault is made available in the marketplace. Investors can review the product details and deposit funds. The issuer monitors subscription progress toward the target raise.
3. Active Management
Once the subscription period closes (or the target is reached), the vault enters its active phase. During this period, the issuer manages yield distribution according to the vault's terms.
4. Distribution
For vaults with scheduled distributions, the issuer triggers yield payments to investors according to the predefined schedule. This can be automated or manually initiated.
5. Maturity & Closure
When the vault reaches its term, the issuer initiates the closure process. Principal and final yields are made available for investor redemption, and the vault is closed.
Specialized Controls
Certain vault types provide additional lifecycle controls:
- Buyout management — For long-term vaults (such as compute infrastructure), issuers can offer buyout options at designated intervals, providing investors with an early exit opportunity.
- Distribution scheduling — Issuers can configure and execute distribution schedules for vaults that pay yields at regular intervals rather than at maturity.
- Vault closure controls — Issuers can manage the orderly wind-down of a vault, ensuring all obligations to investors are met before the vault is closed.