> ## Documentation Index
> Fetch the complete documentation index at: https://docs.voltr.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Key Participants

> Understand the roles and permissions in the Voltr ecosystem

## Users

Users deposit assets into vaults to earn yield:

* Deposit assets into any vault of their choice
* Receive LP tokens representing their share of the vault
* Withdraw their assets plus earned yields at any time
* Track their positions and yields through LP token value

<Card title="User Guide" icon="arrow-right" href="/users/overview">
  Learn how to use Voltr vaults
</Card>

## Vault Managers

Vault managers create, configure, and operate vaults. They handle both the structural setup and day-to-day capital allocation:

* Create new vaults with custom parameters
* Add or remove adaptors to determine available strategies
* Set fee structures (performance, management, issuance, redemption)
* Rebalance assets between DeFi protocols based on market conditions
* Configure vault parameters like deposit caps and withdrawal periods
* Run automation bots and monitor performance

<Info>
  Voltr enforces role separation between **admin** (vault structure and configuration) and **manager** (fund allocation). These should be separate keypairs for security. See [Vault Manager Overview](/vault-owners/overview) for details.
</Info>

<CardGroup cols={2}>
  <Card title="Get Started" icon="arrow-right" href="/vault-owners/initialization/choose-your-path">
    Create your first vault
  </Card>

  <Card title="API & SDK" icon="arrow-right" href="/developers/api-overview">
    Build with the REST API or TypeScript SDK
  </Card>
</CardGroup>

## Yield Protocols

DeFi protocols that want their yield strategies accessible through Voltr vaults by building custom adaptors:

* Develop adaptors that wrap protocol-specific interactions
* Define deposit, withdraw, and initialization logic
* Implement the standard adaptor interface
* Enable vault managers to allocate funds into your protocol

<Card title="Adaptor Creation Guide" icon="arrow-right" href="/protocols/adaptor-creation/index">
  Build a custom adaptor
</Card>

## Composing Protocols

Protocols that build new DeFi primitives on top of Voltr vaults via Cross-Program Invocation (CPI):

* Deposit into and withdraw from vaults programmatically on-chain
* Build derivatives such as junior/senior tranching
* Create fractional reserve systems backed by vault LP tokens
* Compose vault yields into new structured products

<Card title="CPI Integration Guide" icon="arrow-right" href="/protocols/cpi-integration/index">
  Integrate via CPI
</Card>

## Interaction Flow

<Steps>
  <Step title="Yield Protocols create adaptors to bring their strategies into Voltr" />

  <Step title="Vault Managers set up vaults, connect adaptors, and configure parameters" />

  <Step title="Users deposit into vaults and earn yield via LP tokens" />

  <Step title="Vault Managers allocate funds across strategies and rebalance" />

  <Step title="Composing Protocols build new products on top of vault LP tokens" />
</Steps>

## Roles and Permissions

| Action                       | Users | Vault Managers (Admin) | Vault Managers (Manager) | Yield Protocols | Composing Protocols |
| ---------------------------- | ----- | ---------------------- | ------------------------ | --------------- | ------------------- |
| Deposit/Withdraw from vault  | ✓     |                        |                          |                 | ✓                   |
| Create vault                 |       | ✓                      |                          |                 |                     |
| Add/Remove adaptors          |       | ✓                      |                          |                 |                     |
| Set fees and configuration   |       | ✓                      |                          |                 |                     |
| Allocate funds to strategies |       |                        | ✓                        |                 |                     |
| Create adaptors              |       |                        |                          | ✓               |                     |
| CPI into vaults              |       |                        |                          |                 | ✓                   |