# Curator

The Curator is the strategy operator of a Lagoon vault. This role manages capital allocation, decides how the vault is deployed across strategies, and controls when settlement cycles are executed. It is the role where investment discretion sits.

The Curator also validates the valuation proposed by the Valuation Provider before processing deposit and withdrawal requests. This ensures settlement remains aligned with the vault’s strategy, operating constraints, and valuation process.

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The Curator manages allocation and settlement. This role should be held by the entity or system responsible for strategy execution, with clear operational procedures and disclosure to users.
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### Responsibilities

The Curator is responsible for:

* Allocating vault assets according to the chosen strategy
* Validating the valuation proposed for settlement
* Deciding when deposit and withdrawal batches are settled
* Managing day to day strategy execution within the vault’s operating framework

### What the Curator can do

<table data-view="cards"><thead><tr><th></th><th></th></tr></thead><tbody><tr><td><mark style="color:$primary;"><strong>Strategy allocation</strong></mark></td><td><ul><li>Deploy capital into the selected investment strategy</li><li>Rebalance positions over time</li><li>Adjust exposure based on market conditions and portfolio objectives</li></ul></td></tr><tr><td><mark style="color:$primary;"><strong>Settlement execution</strong></mark></td><td><ul><li>Decide when to process deposit and withdrawal batches</li><li>Execute settlement cycles using the current valuation</li><li>Ensure settlement timing remains consistent with the vault’s operating model</li><li>Entry and exit fees are applied during settlement based on the configured rates</li></ul></td></tr><tr><td><mark style="color:$primary;"><strong>Performance fee management</strong></mark></td><td><ul><li>Reset the high-water mark to the current price per share, when this capability was enabled at vault creation</li></ul></td></tr><tr><td><mark style="color:$primary;"><strong>Operational controls</strong></mark></td><td><ul><li>Toggle synchronous redemptions on or off</li><li>Set a maximum cap on total vault assets</li></ul></td></tr><tr><td><mark style="color:$primary;"><strong>Coordination with valuation</strong></mark></td><td><ul><li>Review and validate the valuation proposed by the Valuation Provider before settlement</li><li>Ensure valuation frequency is appropriate for the settlement cadence</li></ul></td></tr></tbody></table>

### Typical setups

<table data-card-size="large" data-view="cards" data-full-width="false"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><mark style="color:$primary;"><strong>Safe and Zodiac Roles Modifier</strong></mark></td><td>A multisig based setup where strategy execution is controlled through predefined permissions and signer policies.</td><td><a href="/pages/MHeDr3vK0DxEbk0hxKrC">/pages/MHeDr3vK0DxEbk0hxKrC</a></td></tr><tr><td><mark style="color:$primary;"><strong>MPC wallet</strong></mark></td><td>A multi party computation setup used when the curator requires stronger operational security or institutional signing workflows.</td><td><a href="/pages/7Y9K6mnJuPPHOUQFopDH">/pages/7Y9K6mnJuPPHOUQFopDH</a></td></tr></tbody></table>

#### What this means for users

The Curator is the role that decides how capital is deployed and when requests are settled. Users should understand who holds this role, how discretionary decisions are made, and how often settlement is expected to occur.


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