# Default Values
Default values are taken from Alpha Vaults v2's [track record ](https://alpha.charm.fi/) since July 2023, and v1's [track record](https://dune.com/srpho/Charm-Alpha-Vault-performace-fork?Number+of+days_t2d57c=750\&Number+of+days_nba6d7=750) since May 2021.
{% hint style="danger" %}
The purpose of the default values is to illustrate how to create vaults using Alpha Vaults.\
\
It is for information purposes only, and should NOT be used to indicate future performance.
{% endhint %}
Default values illustrate how the vault can automate two of the most common categories of LP Strategies:
### Wide-Range Strategy
{% hint style="info" %}
Wide Range strategies have lower risk, and are often used to generate long term returns with lower volatility. They are useful for earning organic yields.
{% endhint %}
Wide-range strategies set a wide range for the Liquidity Position. In general, they have:
* Lower Capital Loss
* Require less rebalances (therefore lower gas fees)
* Less volatile LP Returns
* Lower Capital Efficiency
* Lower Fees Income.
Alpha Vaults executes Wide-Range strategies by setting a wide [Base Order](/charm/manage-liquidity/user-guides/vault-parameters.md#base-order-width-basethreshold) and [Limit Order](/charm/manage-liquidity/user-guides/vault-parameters.md#limit-order-width-limitthreshold), a long [Rebalancing Period](/charm/manage-liquidity/user-guides/vault-parameters.md#rebalance-period-period), and low % of liquidity in [Full-Range](/charm/manage-liquidity/user-guides/vault-parameters.md#full-range-weight-fullrangeweight).
To help users get started, the following default values are provided as a starting point:
* Base Width - 5400
* Limit Width - 12000
* Rebalancing Period - 518400
* Full Range Liquidity - 20%
* TWAP Duration - 60s
* TWAP Deviation - 100
{% hint style="info" %}
The default values for Wide-Range Strategy are chosen from the [live track record](https://alpha.charm.fi/) of Alpha Vaults v2.
{% endhint %}
The outcome of the default values are summarised in the tooltip next to each value:
The default values can be changed in the fields above, by pressing Vault Parameters, or in [Edit Vault ](/charm/manage-liquidity/user-guides/walkthroughs/edit-vault.md)after a vault have been created.
{% hint style="danger" %}
The [risks and mitigants](/charm/manage-liquidity/risks-and-mitigants.md) section contain some considerations when changing the parameters, especially when changing the TWAP settings.
{% endhint %}
### Narrow-Range Strategy
{% hint style="info" %}
Narrow Range strategies often have high returns but high risk. Its performance is highly volatile. They are useful for rewards farming.
{% endhint %}
Narrow-range strategies set a narrow range for the Liquidity Position. In general, they have:
* Higher Fees Income.
* Higher Capital Efficiency
* More volatile LP Returns and capital efficiency
* Higher Capital Loss
* Require more rebalances (therefore higher gas fees)
Alpha Vaults executes Narrow-Range strategies by setting a narrow Base Order and Limit Order, a short Rebalancing Period, and more % of liquidity in Full-Range.
To help users get started, the following default values are provided as a starting point:
* Base Width - 3600
* Limit Width - 1200
* Rebalancing Period - 172800
* Full Range Liquidity - 30%
* TWAP Duration - 60s
* TWAP Deviation - 100
{% hint style="info" %}
The default values for Narrow-Range Strategy are chosen from the [track record](https://dune.com/srpho/Charm-Alpha-Vault-performace-fork?Number+of+days_t2d57c=750\&Number+of+days_nba6d7=750) of Alpha Vaults v1.
{% endhint %}
The outcome of the default values are summarised in the tooltip next to each value:
The default values can be changed in the fields above, by pressing Vault Parameters, or in [Edit Vault ](/charm/manage-liquidity/user-guides/walkthroughs/edit-vault.md)after a vault have been created.
{% hint style="danger" %}
The [risks and mitigants](/charm/manage-liquidity/risks-and-mitigants.md) section contain some considerations when changing the parameters, especially when changing the TWAP settings.
{% endhint %}
---
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