> For the complete documentation index, see [llms.txt](https://docs.rfy.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.rfy.finance/rfy/readme.md).

# Overview

<mark style="color:$primary;">RFY combines strategist-led offchain execution with onchain yield infrastructure.</mark>

> RFY vaults let users deposit supported assets and receive tradable ERC-4626 receipt shares. A vetted strategist executes the vault strategy directly, while eligible idle collateral may also be deployed into curated onchain yield opportunities. Realized results are reflected in the vault's net asset value (NAV).

***

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### <mark style="background-color:$primary;">The problem</mark>

Many users cannot efficiently access advanced options strategies or manage the execution, settlement, and risk controls those strategies require.

**Consequences**

* Idle capital may earn limited passive returns.
* Advanced strategies require specialist execution and active risk management.
* Users often have to choose between onchain composability and managed strategy exposure.
  {% endcolumn %}

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### <mark style="background-color:$primary;">Our solution</mark>

RFY combines transparent vault accounting with direct execution by a vetted strategist.

**Core elements**

* A strategist directly runs the defined offchain strategy.
* Eligible idle collateral may earn additional onchain yield through curated protocols.
* ERC-4626 receipt shares represent each user's pro rata claim on vault assets and accrued performance.
* Rolling epochs provide orderly strategy resets, settlement, deposits, and withdrawals.
  {% endcolumn %}
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***

### Products

| Vault type      | Purpose                                                                            | Risk profile |
| --------------- | ---------------------------------------------------------------------------------- | ------------ |
| Yield Vaults    | Compounding yield strategies designed for a more conservative profile              | Lower        |
| Blackbox Vaults | Higher-conviction options and momentum strategies managed directly by a strategist | Higher       |

***

### Mechanics

| Stage              | Details                                                                                                                                                                     |
| ------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Deposit**        | The user deposits a supported token during the available deposit window.                                                                                                    |
| **Receipt minted** | The vault mints an ERC-4626 share representing the user's proportional ownership.                                                                                           |
| **Execution**      | A vetted strategist directly executes the defined strategy. Depending on the vault, eligible idle collateral may also be deployed into curated onchain yield opportunities. |
| **Settlement**     | Realized strategy results and onchain yield are reflected in the vault's NAV.                                                                                               |
| **Withdrawal**     | Requests are processed according to the vault's epoch and redemption rules.                                                                                                 |

***

### The strategic value of RFY

RFY connects specialist strategy execution with onchain vault accounting. Users receive composable shares, transparent NAV accounting, and access to strategies that would otherwise require active execution and risk management.

{% hint style="warning" %}
Vault returns are not guaranteed. Strategy, market, counterparty, smart contract, liquidity, and protocol risks can reduce NAV.
{% endhint %}


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