> For the complete documentation index, see [llms.txt](https://docs.txflow.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.txflow.com/txflow-l1/user-vault.md).

# User Vault

### Overview

User Vaults enable community-created trading and liquidity strategies.

### Features

* Strategy Participation
* Shared PnL
* Capital Allocation

### Vault Lifecycle

```
Deposit
   │
Strategy Allocation
   │
Profit/Loss Generation
   │
Settlement
   │
Withdrawal
```

### Managed State

* Deposits
* Withdrawals
* Shares
* Fees
* Performance Metrics