Getting Started as a Curator

Curators are portfolio managers on Oblivion. You create vaults, define asset allocations, and earn fees from depositors who trust your strategy.

What is a Vault?

A vault is an on-chain portfolio with:

• Target allocations: what assets to hold and in what proportions (e.g., 50% USDC, 30% SOL, 20% BTC)
• Rebalance cadence: how often the portfolio rebalances (weekly, monthly, or quarterly)
• Fee structure: annual management fee earned by you and the protocol

Creating a Vault

1. Define Your Strategy

Choose your allocations. Each allocation specifies:

• Mint: the token (USDC, SOL, etc.)
• Target weight: percentage in basis points (must sum to 10,000 = 100%)
• Market reserve: which protocol reserve to use (e.g., USDC-Kamino, SOL-JupiterLend)

2. Choose a Rebalance Cadence

Your cadence determines how often the keeper rebalances and your fee tier:

Cadence	Rebalance Frequency	Annual Fee
Weekly	Every 7 days	90 bps (0.90%)
Monthly	Every 30 days	75 bps (0.75%)
Quarterly	Every 90 days	50 bps (0.50%)

Higher frequency = more active management = higher fee.

3. Create the Vault

Using the app or CLI:

oblivion vault create \
  --name "My Strategy" \
  --description "Balanced DeFi portfolio" \
  --rebalance-cadence weekly \
  --threshold-bps 500 \
  --curator-fee-share-bps 8000 \
  --max-slippage-bps 100

The curator-fee-share-bps determines your share of the management fee (8000 = 80% to you, 20% to protocol).

4. Set Up Reserve Mappings

After creation, link each allocation to a global reserve:

oblivion reserve set-market <vault-id> --mint <token-mint> --reserve <reserve-address>
oblivion reserve init-position <vault-id> --reserve <reserve-address>

This connects your vault's allocations to the protocol's shared liquidity reserves.

What Happens Next

Once your vault is live:

• Depositors can fund it by sending USDC to their escrow
• The keeper processes deposits, minting vault shares to depositors
• When allocations drift beyond your threshold, the keeper triggers a rebalance
• Fees accrue automatically and are collected periodically

Your Earnings

As a curator, you earn from:

1. Management fees: annual percentage of AUM, collected via share dilution. Your share is set by curator_fee_share_bps.
2. Curator points: when the points system is enabled, you earn a percentage of all depositor points generated in your vault.
3. Reputation: on-chain performance metrics (IRR, PnL, cumulative deposits) let depositors evaluate your track record.

The better your strategy performs and the more deposits you attract, the more you earn.