Strategy manager's are forced by the Kaltra Protector and Policy Managed Wallet implementation to adhere to their investment policy. Over time, a manager may want to change their investment policy's capabilities. For example, they may want to add new assets, protocols, or chains.

Therefore, when a manager requests a change to Kaltra management, we assess the proposal as follows:

• LOW RISK: Easily approved. For example:
  • Using a different “major” DEX or lending markets such sushiswap instead of Uniswap
  • Using a different high-market cap stable coin, e.g. DAI, USDC, USDT
  • Adding a select group of highest quality assets, e.g. BTC, some LSTs, etc.
• MID RISK: Requires approval
  • Adding a new DeFi protocol
  • Adding a lower than highest quality asset
  • Small changes to investment policy
• HIGHER RISK: In this case it is considered a major change, then the manager can put together a proposal. The fund will transition to the new rules on a given day as stated in the proposal. Investors who do not explicitly approve to be transitioned before the transition date will automatically have their funds returned shortly after the transition
• CLOSING THE VAULT: If the manager wants to close a vault, investors will be notified. They will be required to manually submit withdrawal requests and manually claim their withdrawals once ready

MESSAGING:

For significant, mid-risk changes, a message will be delivered to the users to notify them of the change.

A vault manager will also have the ability to send an arbitrary communication to their vault investors. The manager forwards their communication to Kaltra and then once approved by Kaltra it will be distributed. This could make sense in instances such as if there is an extraordinary and unexpected loss or gain.