> For the complete documentation index, see [llms.txt](https://docs.tropicalwater.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tropicalwater.xyz/vaults/the-agua-global-carry-vault.md).

# The Agua Global Carry Vault

## Overview

The Agua Global Carry Vault targets maximum yield through multiple strategies, built for varying market conditions and opportunistic strategies across lending markets, protocols, and chains.

Strategies include but are not limited to: leveraged looping, basis trades, carry trades, liquidity provisioning, and more.

The **Vault Admin platform** is a proprietary tool built to execute and manage vault positions in real time using custom-built alerts, Hyperactive alerts, Fordefi API integration, and live threshold and rate monitoring — ensuring position health and maintenance.

## Risk Management

Risk management is a priority and always a key focus. The approach is centered on vault setup and controls (operational), market selection, and portfolio management.

### Vault Setup & Controls

Vault setup employs a **MPC 3/5 quorum** to introduce any admin-level operations. Any admin action also requires an internal process to ensure proper signature is enforced and to verify the validity of the operation for all signers. Monitoring of the MPC solution itself is also in place — any and all major changes in permissions can easily be revoked.

### Asset Due Diligence

Each asset considered by the vault undergoes intense due diligence across five dimensions:

| Dimension        | Focus                                                   |
| ---------------- | ------------------------------------------------------- |
| Credit risk      | Counterparty creditworthiness and default probability   |
| Operational risk | Protocol and team operational reliability               |
| Governance risk  | Centralization, upgrade mechanisms, admin key control   |
| Technical risk   | Smart contract security, audit history, exploit surface |
| Liquidity risk   | Market depth, exit feasibility, withdrawal restrictions |

Direct lines of communication are maintained with all parties involved in an allocation (e.g. lending market, protocol, asset issuer).

### Asset Whitelist

The vault leverages an **asset whitelist** which permits only pre-approved assets to receive allocations once due diligence is complete. A **24-hour timelock** is instituted before any newly whitelisted asset can be interacted with.


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