Governance and control

Most of a vault's rules are chosen once and frozen, so investors know the terms can't shift under them. A short list stays adjustable.

Fixed at creation

These are written at deployment and never change for the life of the vault:

• Fees — your management and performance rates, and the protocol's additive tiers on top. The 80/20 split between you and the protocol is hardcoded in the immutable implementation.
• Queue timeout — the age at which an unserviced withdrawal makes emergency permissionless.
• Investor lockup — how long fresh deposits stay locked before either exit path opens.
• Instant-withdraw limit and liquidity reserve — the two knobs that bound instant exits.

Fee splits in particular cannot be changed by anyone, including you. What you can still move is narrower: visibility (public / invite-only), the investor whitelist, minimum deposit, and capacity.

The two live levers

Manager transfer is two-step and timelocked. You queue a successor; they accept only after a 2-day timelock, and only if they already hold the vault's stake floor and pass the same registry eligibility gate that vault creation enforces. Until they accept, you remain the manager with every power intact. Queuing a new transfer replaces any pending one, and you can cancel outright.

Guardian pauser is an optional dead-man brake. You nominate an address that can pause deposits independently of you — but only pause, never unpause and never clear anything else. Setting the zero address clears the guardian. It's a way to hand a trusted third party a one-way stop without handing them the vault.

The Hyperliquid account

A vault's Hyperliquid (Core) account is opened at creation — the create transaction bridges the seed to Core, so the account exists before you do anything. The credit settles a moment later on a Core block, and the create flow waits for it before handing you the live vault. Moving USDC to trading afterwards just adds capital; there is no separate step to "turn on" trading. The Config tab shows a First bridge read-out confirming the seed landed.

In the cockpit: Manage → Config → Governance shows the fixed guardrails as read-outs and hosts the transfer and pauser levers.