Valuation Provider

An overview of the Valuation Provider role.

The Valuation Provider publishes the vault valuation used to price the next settlement cycle. This value determines the price per share applied at settlement, which drives how many shares are minted for deposits, how much users redeem, and how fees are calculated. Learn more about vault valuation.

The valuation can be produced off-chain by a valuation engine, or computed on-chain via a pricing contract, depending on the product’s design. In all cases, accuracy and operational discipline are critical.

The Valuation Provider sets the valuation inputs used for settlement. Treat this role as sensitive and document the methodology, sources, and update cadence.

Responsibilities

The Valuation Provider is responsible for

• Producing the valuation inputs used for settlement pricing

• Updating the vault valuation on-chain according to the chosen cadence

• Maintaining a consistent methodology and clear disclosure to LPs

NAV updates must always be verified and settled by the Vault Curator.

The Valuation Provider is responsible for :

• Producing the valuation inputs used for settlement pricing

• Updating the vault valuation on-chain according to the chosen cadence

• Maintaining a consistent methodology and clear disclosure

The valuation update frequency must be aligned with the curator’s settlement frequency.

Typical setups

Off-chain valuation engine

An operator computes NAV from the vault’s positions and price sources, then updates the vault valuation on-chain. This is common for multi-protocol strategies, discretionary portfolios, or products requiring custom pricing logic.

On-chain valuation contract

A smart contract computes valuation from on-chain inputs such as oracle feeds and vault positions. This is common when valuation rules can be fully expressed on-chain and verified programmatically.

What this means for users

Users can verify valuation updates and settlement pricing on-chain. Vault curators remain responsible for disclosing the valuation methodology, update cadence, and the entities involved.