Depositor
Role: Provides capital and can redeem on demandControl rights: Can deposit and withdraw their own fundsSafeguards: No access to other depositors’ positions
Byzantine Prime protocol
Role: Executes pre-defined operations automaticallyControl rights: Cannot move funds outside authorised lending venuesSafeguards: Rules are immutable once deployed
Underlying credit markets
Role: Manage collateral, loans, and liquidationsControl rights: No direct access to deposited fundsSafeguards: Collateralisation enforced by protocol logic
Keyrock (strategy manager)
Role: Sets deployment strategy within its mandateControl rights: No direct access to deposited fundsSafeguards: Can only access a few specific actions; access to user funds blocked by protocol logic