# Rethinking Vaults

rethink.finance vaults are non-custodial pooled investment vehicles designed for on-chain asset and treasury management. They enable flexible deposits and redemptions and are governed through on-chain mechanisms defined at the vault level.

To achieve operational efficiency, vaults may delegate scoped permissions for any transaction to:

* Human managers
* Automation scripts
* AI agents

This delegation model allows asset managers and collaborators to define clear execution boundaries while maintaining non-custodial control.

Vaults are designed to support a wide range of position types across all EVM-compatible networks.

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More information: [Integrations](https://docs.rethink.finance/rethink.finance/getting-started/integrations)
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Net asset value (NAV) calculation is automated and performed on-chain, enabling transparent accounting and consistent reporting across strategies, without reliance on third-party administrators, centralized APIs, or off-chain services that introduce operational or denial-of-service risk.

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More information: [NAV Calculator Contract](https://docs.rethink.finance/rethink.finance/protocol/nav-calculator-contract)
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Vaults can technically operate without a manager and execute any transaction through governance. The infrastructure is governance framework agnostic, but our frontend currnetly supports the OZ Governor. Stakeholders can choose to:

* Use LP tokens representing custody as governance tokens
* Use any legacy ERC-20 as governance tokens
* Trust multisg signers to govern the vault (not recommended for most use cases)

Fees for deposits, redemptions, performance, and management are optional, automated, and upgradeable through governance.