R25 Curator Studio - User Manual
Version: v1.0
Last Updated: August 25, 2026
About This Guide
This guide provides instructions for using Curator Studio to create, configure, manage, and monitor Vaults.
It covers the key workflows and features available to Curators, including Vault creation, asset selection, portfolio allocation, backtesting, deployment, and rebalancing.
Need Help?
If you have any questions, encounter an issue, or need assistance with Curator Studio, please contact our support team at: inquiries@r25.xyz
Before You Start
Before using Curator Studio, make sure you have the following ready:
- A Web3 Wallet — Any Reown-supported wallet (e.g., MetaMask, OKX Wallet, Binance Wallet, TopNod Wallet, WalletConnect).
- USDC (Pharos) — Used to subscribe to Vaults.
- PROS (Pharos) — Used as gas for on-chain transactions.
Connect Your Wallet
A login page with a "Connect Wallet" button. Clicking it opens a wallet selection popup.
Select any wallet from the list and authorize the connection. The platform uses Reown to support a wide range of Web3 wallets, including MetaMask, OKX Wallet, Binance Wallet, TopNod Wallet, WalletConnect, and many more.
Before creating your first Vault, you need to review and accept:
- Terms of Use
- Privacy Policy
- Cookie Policy
- Risk Disclaimer
- Curator Addendum
These documents explain the platform's role, responsibilities, fee structure, and associated risks.
Launch Your Vault
A step progress bar at the top showing four steps:
Step 1: Select Token → Step 2: Set Allocations → Step 3: Backtest Strategy → Step 4: Launch Vault
Each page has a panel on the left reserved for the AI Assistant (coming soon — currently under development) and the main workspace on the right.
- Click any completed step to go back and adjust settings. Your previously entered data is preserved.
- Your Vault is saved once it has a name and the total allocation equals exactly 100%. After saving, you can find it under Manage My Vaults > Pre-Launch Vaults.
Select Token
The table displays all available tokens, sorted by Market Cap descending by default. You can see the token's icon, name, ticker, tags, chain, price, 24h and 7d price changes, and market cap. The table header row is frozen so you can always see column names while scrolling.
- Phase 1 tokens are all sourced from Stove tokenized U.S. equities and JTRSY (issued by Centrifuge).
- Prices and market cap are sourced directly from the token issuers.
- The token pool will expand with more tokens in future phases.
Token Discovery
Search by typing in the search bar — it matches token name, ticker, or concept tags instantly as you type.
Filter using maximum six dropdowns that work together (a token must match all active filters): filter by category, sector, region, Concept Association, issuer or commodity type.
The Concept Association filter also supports hot topic / concept search — click a popular theme to quickly narrow down results.
Token Info
Click a token name to open a popup with a description of the token.
Add/Remove a token
Select tokens by clicking checkbox on a row. You can pick up to 15 tokens. Use Select All to pick everything currently visible (respecting active filters).
USDC is always selected by default and cannot be removed — it serves as your Vault's liquidity reserve.
When you've selected tokens, a sticky bottom bar shows your selections with a "Next" button and a "Clear" button. You can also click the cart icon to expand a panel showing all selected tokens.
Set Allocations
Each token you selected in Step 1 appears as a row, showing the token's logo, name, ticker, price, 24h and 7d price changes, a weight slider, and a remove button.
A status bar shows your total allocation percentage in real time, with color-coded feedback: green when you hit exactly 100%, red otherwise.
Adjust weights by dragging the slider or typing a number. The slider and input stay in sync.
Equal Weight — click this button to distribute weights evenly across all tokens.
The total must equal 100% before you can proceed. Click "Step 1" to go back and change your token selection — your current weights will be kept.
Name Your Vault
At the top, there's a Vault Name field — give your Vault a name (2–50 characters).
Click the save button to save the name.
Add/Remove a token
Add more tokens — click "+ Asset" to open a modal where you can search and add tokens you may have missed in Step 1. Already-selected tokens can't be removed from here.
Remove a token — click the × button on any token card.
Add Hyperliquid Perp Position Manager
Alongside "+ Asset", you can also add one Hyperliquid Perp Position to your Vault. This Position lets you go long or short on different perp contracts. See Hyperliquid Perp Position Manager for details.
Backtest Strategy（Coming Soon）
The backtesting feature is expected to launch in September 2026, and this manual will be updated with detailed instructions at that time.
When available, backtesting will let you simulate your Vault's historical performance before deploying, including investment mode selection, rebalancing rules, and performance analysis (NAV curves, risk metrics, drawdown charts, correlation matrices).
Configure Vault Parameters
A configuration form organized into three sections: Basic Info, Deposit & Withdrawal Parameters, and Fee Structure. Required fields are marked on the page, most fields come with default values, and each field includes inline instructions to guide you through filling it out.
Basic Vault Info
| Field | Description |
|---|---|
| Vault Name | The name investors will see on-chain |
| Token Name | Full name of the token investors hold (defaults to your Vault name) |
| Token Symbol | Short ticker displayed in wallets and block explorers (3–8 uppercase characters) |
| Min Token Decimals | Fixed at 18 — the decimal precision of your Vault token |
| Deployment Chain | The blockchain your Vault deploys to (currently Pharos) |
| Token Logo | Upload a PNG or SVG image for your Vault token |
| Curation Strategy Description | A short description of what your Vault invests in and how (up to 1000 characters) |
| Join Prosper Launchpad | Toggle whether to pair your Vault with a tradable pVAULT token for incentive programs |
Deposit & Withdrawal Parameters
| Field | Description |
|---|---|
| Deposit Token | Which token investors use to deposit (USDC) |
| Initial NAV | Starting Net Asset Value, fixed at 1.00000000 |
| Max Total Supply | Optional cap on total Vault shares |
| Min / Max Deposit Amount | The minimum and maximum a single investor can deposit in one transaction |
| Min Withdrawal Shares | The minimum number of shares an investor must redeem at once |
| Whitelist Only | If enabled, only approved wallet addresses can deposit |
| Whitelist Addresses | The list of approved addresses (semicolon-separated) |
| Time Zone | The time zone used for all time-based Vault operations |
| Flexible Deposit & Withdrawal | If enabled, deposits and withdrawals open immediately after deployment |
| Deposit Start / End Time | The window during which investors can deposit |
| Lockup Period | How long investor shares are locked before they can withdraw |
| Withdrawal Start / End Time | The window during which investors can withdraw |
| Deposit / Withdrawal Settlement | How many days until funds are credited after a deposit or withdrawal (e.g., 1 = T+1) |
| Settlement Unit | Whether settlement days are counted as Business Days or Calendar Days |
| Cut off Time | The daily deadline for processing operations |
Fee Structure
| Field | Description |
|---|---|
| Annualized Management Fee | Yearly fee charged as a percentage of Vault tokens (0.5%–5%) |
| Performance Fee | Your share of profits above the hurdle rate, using a high-water mark mechanism (0–30%) |
| Hurdle Rate | The minimum annual return investors must earn before performance fees apply (0–20%) |
How R25 fees work: If your management fee is ≥1.0%, R25 takes 50% of that revenue. If below 1.0%, R25 charges a minimum 0.5% annualized fee. Performance fees are yours — R25 doesn't take a share of them.
Review and Deploy
Review everything carefully. Once you click Launch, the system will:
- Validate all parameters
- Create your Vault
- Deploy the smart contract on-chain
- Set up curator roles
- Apply your configuration
You'll see a progress indicator for each step. When done, your contract address is shown with a link to view it on the blockchain explorer.
After deployment, most parameters are locked and cannot be changed. The only field you can edit post-deployment is the Whitelist Addresses list.
Manage Your Vault
Pre-Launch Vaults — Vaults you've saved but haven't deployed yet. Each card shows the Vault name, last update time, and token allocation.
On-Chain Vaults — Vaults you've successfully deployed. Each card shows the Vault name, share token symbol, contract address (clickable), deployment date, NAV, TVL, and cumulative return since inception.
Click any Vault card to open the Vault detail page.
Vault Overview (Detail Page)
The detail page shows:
Performance at a Glance
- NAV — Net Asset Value (TVL ÷ Total Shares)
- TVL — Total Value Locked (sum of all token values)
- Holders — Number of unique wallet addresses holding Vault shares
- APY — Annualized return since inception
- Max Drawdown — The largest peak-to-trough decline
- Seeding — The amount you have deposited into your own Vault. Click to open the Vault's Dapp link in a new tab, where you can subscribe to your own Vault.
- Management Fee Income — Accumulated management fees you have earned. Click the withdraw icon to redeem minted fee shares back to USDC.
- Performance Fee Income — Accumulated performance fees you have earned. Click the withdraw icon to redeem minted fee shares back to USDC.
Each metric includes a tooltip on the page showing its calculation formula.
NAV Chart
A line chart of daily NAV over time, with selectable time ranges (1W, 1M, 3M, 6M, 1Y, ALL). You can add a benchmark overlay.
Underlying Tokens
Shows each collateral token with its Current Weight and Target Weight. Click the edit button to open a modal where you can adjust target weights for all tokens at once. When scheduled rebalancing is enabled, the system will rebalance real-time weights to match the latest target weights on each rebalancing day.
Rebalance
Rebalance is a separate tab in the Vault detail page. Use Scheduled Rebalance and Risk Rebalance to configure rules that execute automatically by the system. For on-demand rebalancing, use Manual Rebalance.
Manual Rebalance
Adjust your Vault's token weights or trade specific amounts.
- Drag sliders or type target weights for each token
- When "Fix Weight" is on, changing one token auto-adjusts the others to keep the total at 100%
- Review the trade execution order before confirming, including execution sequence, amounts, slippage, and estimated transaction costs
Scheduled Rebalance
Scheduled rebalancing automatically adjusts real-time token weights back to their target weights at the frequency and time you set.
| Field | Description |
|---|---|
| Enable Scheduled Rebalance | Toggle to turn scheduled rebalancing on or off |
| Frequency | How often rebalancing executes — Daily, Weekly, Monthly, etc. |
| Time Zone | Select your time zone (e.g., Asia/Hong_Kong) |
| Execution Day | Which day of the week or month to execute (e.g., Monday) |
| Execution Time | What time to execute on the chosen day (e.g., 09:00 AM) |
| Slippage Tolerance | Maximum acceptable price deviation for each trade |
Set Target Weight
Click the edit button in the Underlying Tokens section to open a modal where you can set the target weight for each token. The sum of all target weights must equal 100%. Scheduled rebalancing will restore each token's weight back to its target allocation at each execution cycle.
Risk Rebalance
Configure rules that monitor market signals and automatically adjust positions when triggered. You can set up multiple signal groups, and define a series of buy or sell actions to execute when those signals fire.
Signal types currently supported:
- S&P 500 Drawdown (DD) — the S&P 500's decline relative to its highest price over the past 60 trading days
- S&P 500 Volatility (VIX) — the S&P 500 volatility index
Set thresholds for each signal, and define buy or sell actions for your Vault's tokens. When the system detects that a signal has crossed its threshold, it will automatically execute the corresponding trade.
Each rule also includes:
- Slippage Tolerance — maximum acceptable price deviation for each trade
- Priority — if multiple rules trigger at once, the highest priority (lowest number) fires first
- Max triggers — limit how many times a rule can fire (0 = unlimited)
Rebalance History
A log of all past rebalance operations, showing rebalance method, time, trade information (including token and amount), transaction hash, and status.
When a trade involves assets that use asynchronous redemption, a Claim button will appear in the rebalance history (when claimable). Click Claim to complete the withdrawal and receive the assets in your wallet.
Hyperliquid Perp Position Manager
The Perp Position Manager lets your Vault hold and trade perpetual contracts alongside spot tokens.
Adding to your Vault: During Step 2 (Set Allocations), click "+ Hyperliquid Perp Position Manager" and assign it a weight. It won't show price or price changes — those are handled inside the Manager interface.
Deployment: When you deploy, two contracts are created — the Core Vault contract and the Perp Position Manager contract.
Funding: Transfer USDC from your Vault's liquidity pool to the Manager via the Manual Rebalance page. To move funds back, use the Withdraw button in the Manager.
Manager Interface:
- Account Summary — portfolio value, unrealized PnL, margin, leverage
- Trade — search perp pairs, view K-line price charts, place market or limit orders with take profit / stop loss options
- Positions — view and close open positions
- Orders — view and cancel open orders
- History — trade history, funding payments, and order history