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

# Neutral Strategy Vaults

- [How They Work](https://docs.neutral.trade/neutral-strategy-vaults/how-they-work.md): How Neutral Strategy Vaults work: deposits, vault shares, daily NAV, fees, weekly redemptions, and switching between vaults.
- [Vault Protections](https://docs.neutral.trade/neutral-strategy-vaults/vault-protections.md): The on-chain controls that protect deposits in Neutral Strategy Vaults: restricted fund movement, bounded NAV updates, fee caps, a 12-hour timelock, and a circuit breaker.
- [Security](https://docs.neutral.trade/neutral-strategy-vaults/security.md): How Neutral Trade protects deposits: four independent audits, custody with Fordefi, Copper and Ceffu, and multi-party controls.
- [Copy of Neutral Strategy Vaults](https://docs.neutral.trade/neutral-strategy-vaults/copy-of-neutral-strategy-vaults.md): The Ultimate Strategy Execution Layer for Yield, Alpha, and Degen Plays - Across DeFi and CeFi.