# FAQ

<details>

<summary>Why is Alpha Vaults needed?</summary>

Uniswap V3 offers better Liquidity, but presents many [challenges](https://learn.charm.fi/charm/challenges-and-solution#the-challenges) for Liquidity Managers. An LP Vault overcomes these challenges by interacting with a Uniswap V3 pool on behalf of the Liquidity Manager.

Alpha Vaults is the easiest way to build an LP vault. It offers:

* The ability to [create](https://learn.charm.fi/charm/manage-liquidity/user-guides/walkthroughs/create-vault) LP vaults with 1-click.
* The best in class [strategy](https://learn.charm.fi/charm/products-overview/alpha-vaults/whitepaper) to concentrate liquidity.
* All the necessary infrastructure to manage liquidity.
* A front-end to manage user deposits and withdrawals, and to monitor performance.
* Everything is on-chain and self-custodial.

</details>

<details>

<summary>Why is Alpha Vaults the easiest way to manage liquidity?</summary>

With Alpha Vaults:

* There is no need to chose a range. This will be done automatically by the vault.
* Only 1-click is required to create a vault.
* Liquidity is managed with 1-click, and can be [fully automated](https://learn.charm.fi/charm/manage-liquidity/user-guides/walkthroughs/automating-rebalance).
* Vault shares are ERC-20, which means incentive schemes can be built using any standardised Uniswap V2 [staking contract](https://github.com/Uniswap/liquidity-staker/blob/master/contracts/StakingRewards.sol).

</details>

<details>

<summary>How does Alpha Vaults differ from other protocols?</summary>

Alpha Vaults is the only protocol to provide:

* The strategy to manage liquidity *and*
* The infrastructure to manage user deposits and withdrawals *and*
* The front-end to create and manage decentralized LP vaults *and*
* The front-end to monitor performance

It is therefore a one-stop shop for liquidity solutions on Uniswap V3.

</details>

<details>

<summary>How do I use Alpha Vaults?</summary>

To [create](https://alpha.charm.fi/create) a vault, enter the address of a Uniswap V3 pool, and click build vault.

To illustrate the vault creation process, the vault's parameters will be pre-populated with [default values](https://learn.charm.fi/charm/manage-liquidity/user-guides/create-vault/default-values) for narrow range and wide-range strategies. These values can be [changed](https://learn.charm.fi/charm/manage-liquidity/user-guides/walkthroughs/edit-vault) at any time.

</details>

<details>

<summary>What are the fees?</summary>

A total protocol [fee](https://learn.charm.fi/charm/manage-liquidity/fees) of 1% Uniswap trading fee will be applied to all vaults. No other fees will be charged.

</details>

<details>

<summary>Can I set my own fees for the vault?</summary>

[Yes](https://learn.charm.fi/charm/user-guides/walkthroughs/edit-vault#setting-manager-fee), up to a maximum of 20% Uniswap fees.&#x20;

</details>

<details>

<summary>Why should I verify my vaults?</summary>

[Verified Vaults](https://learn.charm.fi/charm/manage-liquidity/user-guides/walkthroughs/verify-manager) will be displayed on the Alpha Vaults home page. Unverified vault will not be displayed, but users can search for it if they know the address of the vault manager.

</details>

<details>

<summary>Is Alpha Vault audited?</summary>

Yes. Alpha Vaults was [audited](https://learn.charm.fi/charm/appendix/audit-reports) by Peckshield and Certik.

</details>

<details>

<summary>Where's the Github repo?</summary>

<https://github.com/charmfinance/alpha-vaults-v2-contracts>

</details>

<details>

<summary>Is there a bug bounty?</summary>

<https://immunefi.com/bounty/charm/>

</details>

<details>

<summary>Can i build a custom vault?</summary>

Yes. Please email [team@charm.fi](mailto:contact@charm.fi).

</details>