# Manager playbook

A sensible default for managers running their first vault. Not the only way to do it, just a safe starting point.

## A sensible default

* **Chain:** [Arbitrum](/manage/chain-capabilities.md). Cheap gas, broad protocol support, the widest asset set.
* **Privacy:** start **private** with just your own address. Flip to public once you've seeded the vault and placed a few trades you're happy with. See [Permissions & access](/manage/permissions-access.md).
* **Assets:** tight set — USDC + WETH + one or two others you actually plan to trade. You can enable more later. Cap is 12; three or four is plenty to start.
* **Fees:** 0% entry, 0% exit, 10% performance, 1% management. Modest and easy to raise later (with a [14-day announcement](/manage/fees-performance.md)).
* **Trader:** skip on day one. Trade manually from the manager wallet until you know the flow. Add a trader later when you're ready for an API bot or [AI-assisted management](/manage/ai-assisted-management.md).

## First week

1. [**Create the vault**](/manage/create-a-vault.md) with the defaults above.
2. **Seed it yourself** — deposit a meaningful amount so the vault isn't empty. Depositors read an empty vault as "unproven".
3. **Make a few trades** from the app. Get comfortable with the [trading UI](/manage/trading.md) and the TradingView charts.
4. **Write a short strategy description** for the vault page. One paragraph is enough — what you trade, how often, what a depositor should expect.
5. **Share the private-vault link** with a few people you trust. Get a couple of small external deposits before going public.

## When to go public

Flip to public once:

* You've been running the strategy for a couple of weeks.
* The Vault Score and Risk Factor reflect real activity (not just the seed deposit).
* You're comfortable with the Chamber UI, trade flow, and fee mechanics.

Going public is a one-click toggle in vault settings — no announcement period, no migration.

## When to add a trader

Add a [delegated trader](/manage/trader-delegation.md) when you want to:

* Run a bot via the [SDK](/build/sdk.md) or direct contract calls.
* Connect an AI agent via [MCP](/manage/ai-assisted-management.md).
* Keep the manager wallet cold and trade from a hot trader wallet.

Leave privacy-toggle permission **off** for the trader unless you have a specific reason to turn it on.

## Raising fees later

Fee **increases** have a [14-day announcement](/manage/fees-performance.md). Plan around it:

* Announce fee changes when the vault is performing well — depositors are less likely to leave.
* Keep changes small and infrequent. Frequent fee hikes erode trust faster than a higher starting fee.
* Use [referral programs](/manage/manager-programs.md) to reward the people who brought capital in, rather than pushing fees up on everyone.

## What not to do

* **Don't set the manager address to an exchange or custodial wallet.** [Rotating it](/manage/create-a-vault.md#changing-the-manager-address) is non-recoverable.
* **Start small on assets.** Enable only what you actually plan to trade, and add more as the strategy needs them.
* **Don't set the performance fee to 50% and the management fee to 3% on a new vault.** Work up from a modest baseline.

## Related

* [Create a vault](/manage/create-a-vault.md)
* [Fees and performance](/manage/fees-performance.md)
* [Permissions & access](/manage/permissions-access.md)


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