What is the difference between ARM and DRM?

• ARM (Automated Rate Management) — The protocol automatically prices your deposit based on live market rates + your spread. You're in control.
• DRM (Delegated Rate Management) — You delegate your deposit to a vault manager who handles pricing for you and charges a fee (capped at 5%).

They're not competing features — they work together. A vault manager can use ARM on deposits they manage.

What you keep with DRM: Your floor rate still applies (the manager can't price below it), and you can undelegate at any time.

When all three layers stack (ARM + floor + vault manager), the protocol always uses the highest rate. So your floor protects you even when a manager is running the show.

	ARM	DRM
Who sets rates?	You (via spread)	Vault manager
Floor rate applies?	Yes	Yes
Fee?	No extra fee	Up to 5%
Best for	Active makers	Passive depositors