# Choose a vault

## How to choose a vault 

{% hint style="info" %}
Before investing in a vault, **do your own research**. 
{% endhint %}

On the vaults page you will find the most important information about each vault:

* **Traded Assets:** Names of tokens that can be traded from the base token and current proportions in the vault
* **Performance:** Performance of the trader's strategy
* **TVL:** Total **value** currently locked in the vault
* **Inception:** Date of vault creation

If there is a "*KYCed vault*" label, this means that you must be **KYC** to invest in the vault. Go to the [authentication](https://docs.shprd.finance/other-websites/authentication "mention") page to learn more about KYC

<figure><img src="https://4042996663-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fp22VZjhas5Bq2OgV9HzX%2Fuploads%2FkEv3LYvwy7hI82WQJcQG%2FCapture%20d%E2%80%99e%CC%81cran%202022-10-24%20a%CC%80%2009.47.17.png?alt=media&#x26;token=11619bd2-ff74-4600-8a84-5e450a267d8a" alt=""><figcaption><p>KYCed Vault label</p></figcaption></figure>

When you click on "see details to deposit" in the vaults homepage, you can see all the information about a vault.&#x20;

<figure><img src="https://4042996663-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fp22VZjhas5Bq2OgV9HzX%2Fuploads%2FOeSTHnlD8v9AS2pi5pf0%2FCapture%20d%E2%80%99e%CC%81cran%202022-10-24%20a%CC%80%2009.46.10.png?alt=media&#x26;token=601701dc-b09b-41d3-9a63-23064da3de57" alt=""><figcaption><p>Vaults Homepage</p></figcaption></figure>

### Vault overview

* **Share price** curve over time
* **TVL** curve over time
* **TVL - latest:** Total **value** currently locked in the vault
* **Management fees - yearly:** Percentage of management fee to be paid per year
* **Performance fees - yearly:** Percentage of performance fees to be paid&#x20;
* **High-Water Mark:** Highest peak in value reached in the vault

<figure><img src="https://4042996663-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fp22VZjhas5Bq2OgV9HzX%2Fuploads%2FTkFreCqxZKHVWZSNGmD5%2FCapture%20d%E2%80%99e%CC%81cran%202022-10-24%20a%CC%80%2009.30.56.png?alt=media&#x26;token=fa0d94af-0b9a-4b25-8053-aeca2c29d599" alt=""><figcaption><p>Vault Overview </p></figcaption></figure>

Information about the vault:

* **Base asset:** Base token name and current proportion in the vault
* **Traded Assets:** Names of tokens that can be traded from the base token and current proportions in the vault
* **Performance:** Performance of the trader's strategy
* **Smart contract:** Smart contract address of the vault
* **Strategists:** Addresses of traders&#x20;
* **Owners:** Addresses of vault owners&#x20;
* **Inception:** Date of vault creation

<figure><img src="https://4042996663-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fp22VZjhas5Bq2OgV9HzX%2Fuploads%2FlffV93StuixAlu8GYUbm%2FCapture%20d%E2%80%99e%CC%81cran%202022-10-24%20a%CC%80%2009.31.09.png?alt=media&#x26;token=35a8032a-3fc8-4653-b265-53bf987d7e79" alt=""><figcaption><p>Vault information</p></figcaption></figure>

Information about the share:

* **Name:** Name of the vault share&#x20;
* **Symbol:** Symbol of the vault share
* **Share price:** Current share price of the vault
* **Share supply:** Current amount of vault shares
* **Smart contract:** Smart contract of the vault share

<figure><img src="https://4042996663-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fp22VZjhas5Bq2OgV9HzX%2Fuploads%2FIlyB22ETXw9IbahdmBSf%2FCapture%20d%E2%80%99e%CC%81cran%202022-10-24%20a%CC%80%2009.31.18.png?alt=media&#x26;token=eb45b0a9-9d7d-4d61-87a1-f8788fe51bba" alt=""><figcaption><p>Share information</p></figcaption></figure>

### Vault strategy

As you may have noticed, there is a button "Trader's strategy" with a blue icon below the vault name. Clicking on it will take you to the trader's strategy Mirror page to learn more about the trading strategy used.

<figure><img src="https://4042996663-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fp22VZjhas5Bq2OgV9HzX%2Fuploads%2FbE926sPRZ3LtUfuQrzQ0%2FCapture%20d%E2%80%99e%CC%81cran%202022-10-24%20a%CC%80%2009.47.02.png?alt=media&#x26;token=1e07d755-e76c-4774-a7de-185a8e1c8289" alt=""><figcaption><p>Trader's strategy button</p></figcaption></figure>

<figure><img src="https://4042996663-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fp22VZjhas5Bq2OgV9HzX%2Fuploads%2FO0V3GgAWIHWn3wJXCLuq%2FCapture%20d%E2%80%99e%CC%81cran%202022-10-24%20a%CC%80%2009.31.46.png?alt=media&#x26;token=c7807e27-2a9f-4b6a-b301-bcdcb1d1ffaf" alt=""><figcaption><p>Trader's strategy Mirror page</p></figcaption></figure>

### Vault assets&#x20;

Information on the proportion of assets in the vault and price developments:

<figure><img src="https://4042996663-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fp22VZjhas5Bq2OgV9HzX%2Fuploads%2Fqq1vo6Cp6fZYDj0ZxeaC%2FCapture%20d%E2%80%99e%CC%81cran%202022-10-24%20a%CC%80%2009.32.02.png?alt=media&#x26;token=e27724b1-881d-4943-8dd3-a75e24b8fc32" alt=""><figcaption><p>Vault assets information</p></figcaption></figure>

### Vault fees

Information on vault fees:

* **Exit fees:** Percentage of exit fee to be paid during redemption of shares
* **Beneficiary:** Address of the beneficiary of the protocol fee (trader address)
* **Management fees:** Percentage of management fee to be paid per year
* **Management fees to DAO:** Percentage of management fees paid to the DAO
* **Performance fees:** Percentage of performance fee to be paid
* **Performance fees to DAO:** Percentage of performance fees paid to the DAO
* **Minimum harvest:** Minimum amount of fees to be collected

<figure><img src="https://4042996663-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fp22VZjhas5Bq2OgV9HzX%2Fuploads%2FQgbPStplK9AaGVrICvJy%2FCapture%20d%E2%80%99e%CC%81cran%202022-10-24%20a%CC%80%2009.32.23.png?alt=media&#x26;token=edc433e5-3d84-41ad-a6b7-79a2693064f7" alt=""><figcaption><p>Vault fees information</p></figcaption></figure>