{"license":"CC-BY-4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","attribution":"ChainChoice (https://chainchoice.io)","category":"yield_vaults","evidenceReadAt":"2026-11-03","generatedAt":"2026-11-12","criteria":[{"id":"mandate","label":"Mandate accountability","weight":30},{"id":"exit","label":"Exit mechanics under stress","weight":26},{"id":"strategyRisk","label":"Strategy risk honesty","weight":24},{"id":"feeTransparency","label":"Fee transparency","weight":20}],"providers":{"morpho_vaults":{"mandate":{"s":7,"q":"Appoint or change the Curator ( setCurator ). | Impact of Compromise: Full administrative control loss. The Owner can replace the Curator , who controls the vault's strategy.","u":"https://docs.morpho.org/curate/concepts/roles/","d":"2026-11-03"},"feeTransparency":{"s":7,"q":"All fee-related changes are managed by the Curator and are subject to a timelock , ensuring transparency and giving users time to react to proposed changes. | Security : Fee parameter changes are immediate and do not have a timelock. | Maximum Rate : Capped at 50% of the generated interest.","u":"https://docs.morpho.org/curate/concepts/fee/","d":"2026-11-03"},"exit":{"s":6,"q":"This mechanism ensures that even if a vault's underlying markets become illiquid, users are never permanently locked in it. | A small penalty (up to 2%) may apply to discourage manipulation, but this doesn't prevent exits-it only adds a minor cost.","u":"https://docs.morpho.org/learn/concepts/vault-v2/","d":"2026-11-03"},"strategyRisk":{"s":7,"q":"Markets with a faulty oracle can lead to loss of assets across Morpho markets and any vault strategy that depends on them.","u":"https://docs.morpho.org/learn/resources/risks/","d":"2026-11-03"}},"yearn":{"mandate":{"s":7,"q":"Yearn as a protocol hinges on the critical assumption that the Governance role is honest. This role is currently controlled by a 6 of 9 Gnosis Safe multisig . | It is a conscious design decision that this role is not behind a time lock.","u":"https://docs.yearn.fi/developers/security","d":"2026-11-03"},"exit":{"s":6,"q":"Lent assets become unavailable to withdraw because the utilization ratio becomes too high | Delays or inability to withdraw assets from the lending protocol in an emergency","u":"https://docs.yearn.fi/developers/security/risks/strategy-risks","d":"2026-11-03"},"strategyRisk":{"s":7,"q":"Yearn earns income from lending, liquidity mining and trading fees. This income is often increased using leverage.","u":"https://docs.yearn.fi/developers/security/risks/strategy-risks","d":"2026-11-03"},"feeTransparency":{"s":8,"q":"On the yearn.fi user interface, yield is displayed as net APY. This means that both fees and compounding returns are taken into consideration in the rates presented. | Single asset vaults generally have no management fee. Fee values for all yVaults can be checked in real-time at yearn.fi","u":"https://docs.yearn.fi/getting-started/products/yvaults/overview","d":"2026-11-03"}},"beefy":{"exit":{"s":6,"q":"user funds are never locked in any vault on Beefy. One could always withdraw from a vault at any moment in time. | The overborrowed condition will naturally resolve once liquidity returns to the lending platform, a process which can take hours or, sometimes, a few days.","u":"https://docs.beefy.finance/llms-full.txt","d":"2026-11-03"},"mandate":{"s":6,"q":"By default, a 6-hour timelock is configured for all strategy changes and upgrades. | It is a 3 of 6 multisig","u":"https://docs.beefy.finance/llms-full.txt","d":"2026-11-03"},"strategyRisk":{"s":5,"q":"Failing that, there are risks that underlying protocols and tokens may fail and not behave as intended (e.g. failing to deliver rewards). | failing any one of our checks means that a material risk is inherent in the product which the user should research and understand.","u":"https://docs.beefy.finance/llms-full.txt","d":"2026-11-03"},"feeTransparency":{"s":8,"q":"These fees are already built into the APY of each vault and daily rate. You do not need to calculate it yourself. The performance fee and the fee structure breakdown are presented inside the Deposit and Withdraw module in a vault.","u":"https://docs.beefy.finance/beefy-products/vaults.md","d":"2026-11-03"}},"upshift":{"mandate":{"s":3,"q":"A curator (also called a strategist) is a KYC'd institutional yield manager appointed to run a vault's strategy, deploying vault capital into DeFi and CeFi venues. | A secure multisig shared between Upshift, the curator and the partner protocol (e.g. 4-of-6).","u":"https://docs.upshift.finance/curators/overview.md","d":"2026-11-03"},"exit":{"s":2,"q":"Withdrawal Queue $4.18M Withdrawals $687.44 Liquidity 0.00% Reserve Overdue 2026-10-25 $764.7K","u":"https://app.upshift.finance/vaults/ethereum/high-growth-eth","d":"2026-11-03"},"strategyRisk":{"s":3,"q":"Aave V3 Net value $6,991,828 Supplied rsETH $51,102,882 tETH $33,789,669 weETH $9,023,367 Borrowed WETH $55,809,707 wstETH $31,114,382","u":"https://app.upshift.finance/vaults/ethereum/high-growth-eth","d":"2026-11-03"},"feeTransparency":{"s":5,"q":"Accrued against TVL via `chargeManagementFee()`. Set per vault; changes behind 24h timelock. | Taken on yield above the high watermark. | Premium for bypassing the epoch queue.","u":"https://docs.upshift.finance/curators/fees-and-fund-flows.md","d":"2026-11-03"}},"lagoon":{"feeTransparency":{"s":6,"q":"After vault initialization, `entryRate` and `exitRate` **can only be lowered, never raised**. | `haircutRate` can be raised or lowered at any time within its 20% cap. | `rateUpdateCooldown` is gone, rate updates now apply immediately.","u":"https://docs.lagoon.finance/llms-full.txt","d":"2026-11-03"},"mandate":{"s":4,"q":"It is the role where investment discretion sits. | This feature is not currently available but will be included in a future update. | The strategies a curator can execute are exclusively limited by the curation solution he used.","u":"https://docs.lagoon.finance/llms-full.txt","d":"2026-11-03"},"exit":{"s":3,"q":"Lagoon vaults' deposit and withdrawal flows are based on an asynchronous mechanism. | The curator reviews, approves, and calls `settleRedeem`. All queued redemption requests are processed at this single valuation point.","u":"https://docs.lagoon.finance/vault/deposit-and-withdraw-flows.md","d":"2026-11-03"},"strategyRisk":{"s":4,"q":"Users should understand who holds this role, how discretionary decisions are made, and how often settlement is expected to occur.","u":"https://docs.lagoon.finance/vault/roles-and-capacities/curator.md","d":"2026-11-03"}},"fluid_lite":{"strategyRisk":{"s":4,"q":"Fluid Lite utilizes a recursive strategy with deposited assets on lending protocols, enabling borrowing against them. | Fluid Lite harnesses multiple DeFi protocols and strategies to generate passive yields | This delivers **higher, more stable, and safer USD yields** than traditional lending.","u":"https://lite.guides.instadapp.io/llms-full.txt","d":"2026-11-03"},"feeTransparency":{"s":8,"q":"* **Lite ETH Vault:** A **20% performance fee** is charged on net profits. This is already included in the **Net APY** shown on the interface. | Fluid Lite ETH/USD vaults charge a **0.05% exit fee**, which is directed to the DAO as protocol revenue.","u":"https://lite.guides.instadapp.io/llms-full.txt","d":"2026-11-03"},"mandate":{"s":7,"q":"The Fluid Lite vaults are managed by **DAO governance**. Governance can set parameters and ranges for leverages within protocols. Governance may approve or remove protocols from the vaults available strategies. | *Rebalancers do not have the ability to withdraw funds from the vault.*","u":"https://lite.guides.instadapp.io/llms-full.txt","d":"2026-11-03"},"exit":{"s":5,"q":"The vaults aim to keep at least 25% of the total value locked (TVL) available for withdrawal, although this percentage may vary depending on market conditions. | The team multi-sig can reduce the ratio set for a particular protocol, temporarily pause withdrawals and pause rebalancing","u":"https://lite.guides.instadapp.io/llms-full.txt","d":"2026-11-03"}}}}