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A vault bundles a strategy, execution, and reporting into a single on-chain vehicle. Lifecycle:
  1. Creation — a vault is deployed with a defined strategy and parameters.
  2. Deposits — users deposit assets and receive vault shares.
  3. Trading — the vault executes the strategy over time.
  4. Performance tracking — users can view returns, risk, and activity.
  5. Withdrawals — users redeem shares for underlying assets.