Roles

Both risk management and liquidity provision / investment are performed externally from the protocol.

Strategy managers

Strategy managers create new strategy vaults and set the intial parameters. Strategy managers have the following powers:

Condition	Power
Vault flexibility is set to modifiable	Update AVS strategy
Vault permissions are set to private	Update depositor whitelist

When creating a native strategy vault, strategy managers may be required to seed it with a minimum investment.

Stakers

Stakers invest in strategy vaults they trust based on their risk / reward requirements. Since any vault is permanently linked to its vault creator, there is a strong element of social proof in vault selection.

Validator managers

In the case of native restaking vaults, validator managers are responsible for proposing validator addresses to handle the staking of native ETH assets.