Balanced Vaults (Previously Core)

Balanced vaults target moderate risk-adjusted yield by combining strong foundational collateral with selective exposure to higher-yielding opportunities. These vaults accept more market and implementation risk than Prime, but remain structured around controlled diversification, liquidity awareness, and disciplined exposure limits.

• Asset Selection: A mix of blue-chip collateral and select yield-bearing or moderately higher-risk markets that offer improved return potential without moving fully into frontier-style risk.

• Liquidity Profile: Moderate to high liquidity collateral assets, with the expectation that liquidation pathways remain viable but may be more sensitive to stress than Prime markets.

• Timelock Policy (v2): Balanced vaults apply a 7-day timelock to structural gateway and governance actions and a 3-day timelock to adapter additions and allocation cap changes. setForceDeallocatePenalty carries an approximately 1-hour timelock (~0.05 days), enabling faster risk management response than Prime.

Selectors	Balanced (days)
setReceiveSharesGate, setSendSharesGate, setReceiveAssetsGate	Abdicate
setSendAssetsGate, setAdapterRegistry, increaseTimelock, abdicateTimelock, removeAdapter	7
addAdapter, increaseRelativeCap, increaseAbsoluteCap	3
setForceDeallocatePenalty	~0.05 (~1 hr)
setPerformanceFee, setManagementFee	1
setIsAllocator, setPerformanceFeeRecipient, setManagementFeeRecipient	0

• Oracle Risk Considerations: Balanced vaults may utilize NAV-based, hardcoded, or otherwise constrained oracle designs in cases where spot liquidity is limited or where direct market pricing is more vulnerable to manipulation. These structures may be appropriate where they better reflect underlying value, but they introduce additional valuation and operational diligence requirements.

• Yield Expectation: Competitive APY designed to improve upon Prime while remaining within a measured risk envelope.