> For the complete documentation index, see [llms.txt](https://mevcapital.gitbook.io/vaults-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://mevcapital.gitbook.io/vaults-protocol/fixed-yield/methodology-and-curation.md).

# Methodology & Curation

MEV Capital curates its Fixed Yield Vaults through structured opportunity analysis and yield efficiency modeling.

**1. Yield Curve Assessment** Each PT opportunity is evaluated based on:

* Implied APY vs comparable DeFi instruments
* Time to maturity and liquidity depth
* Sensitivity to macro interest rate changes

**2. Asset Quality Screening** Underlying assets must demonstrate:

* Deep liquidity
* Strong peg maintenance (for stables)
* Broad DeFi composability

**3. Market Participation Strategy** For LP vaults, capital is deployed into:

* Pendle PT/YT liquidity pools with favorable yield/IL ratios
* Markets with consistent fee volumes and stable liquidity depth
* Pools supported by protocol incentives

**4. Exit and Rollover Logic** Vaults include mechanisms to:

* Exit early if PTs trade above modeled internal rate of return (IRR)
* Rollover maturing PTs into new term structures to maintain capital efficiency

This approach allows MEV Capital to optimize for yield predictability, liquidity safety, and market responsiveness.


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