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Glossary · DeFi

Curator

Also: curators, risk curator

A curator is the party that configures a lending vault, choosing which markets it may lend into, setting exposure caps and oracles, and appointing the allocator that moves capital within those limits.

Vault
A vault is a smart contract that pools depositor funds, deploys them into a strategy, and issues shares whose redemption value rises as the strategy earns, so depositors hold a proportional claim rather than a fixed balance.
Isolated market
An isolated market is a lending market defined by a single collateral asset, loan asset, oracle and liquidation threshold, so that bad debt arising in it cannot spread to lenders in other markets.
Allocator
An allocator is the role appointed by a vault's curator to move deposits between the markets the curator has approved, executing day-to-day rebalancing without the power to widen the vault's risk limits.

Guides that explain Curator

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