> For the complete documentation index, see [llms.txt](https://docs.shprd.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.shprd.finance/guides/investing-in-a-vault/choose-a-vault.md).

# 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](/other-websites/authentication.md) page to learn more about KYC

<figure><img src="/files/rqItk8Dki5CKBOBbB9c8" 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="/files/wkq02aS8haCh1BRLYA6B" 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="/files/VnWufzmiM5bONJxd1Aej" 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="/files/9d22ZiQY6KGUu5LDyV6b" 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="/files/IGlCDPMsHVEw0Zpw6PaP" 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="/files/hsaQnfWTjA6AFs7ubkMz" alt=""><figcaption><p>Trader's strategy button</p></figcaption></figure>

<figure><img src="/files/fF5yh8JCmNcb2nbgMe1K" 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="/files/kJdogHYXJXfXcPq8XTlf" 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="/files/BnAHf5e2aLCWRlmrQISu" alt=""><figcaption><p>Vault fees information</p></figcaption></figure>


---

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