> For the complete documentation index, see [llms.txt](https://docs.affluent.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.affluent.org/factorial-legacy/concept-and-role.md).

# Concept & Role

### Concept

* **Vault** : Automates asset management across multiple pools for owner.
* **Public Vault :** Specific type of vault that allows users to deposit assets in exchange for shares, representing ownership of the vault.
* **Supply Asset :** The underlying token or asset provided by users or the owner for allocation across different pools.
* **Vault APY** : The annual percentage yield generated by the vault, reflecting the returns from its aggregated strategies.
* **Allocated Pools** : The liquidity pools that are selected for asset allocation.

### Role

* **Owner :** Creator of vault. Owner can decide whitelisted liquidity pool to allocate liquidity and delegate authority for asset allocation to a designated manager.
* **Liquidity Provider(Shareholders)** : Users can deposit liquidity in public vault. Liquidity providers receive pool shares proportional to their deposit, granting ownership rights to the corresponding share.
* **Vault Manager :** Delegated by owner to manage asset allocation, Vault Manager is responsible for setting target weights for liquidity pools and rebalancing assets accordingly. Asset withdrawal(from the vault) is restricted to LPs.