# Vault Parameters

A vault's parameters establish the conditions for when, how and whether a swap occurs, plus how much yield to offer to vault subscribers for their deposits. To create a vault, the vault creator customizes the following parameters:

* **Token Pair:** The pair of tokens involved in the vault (eg; ETH-USDC).
* **Direction:** Choose between "Buy Low" or "Sell High" to define the vault's trading strategy.
* **Linked Price:** The fixed price at which the vault will execute the purchase or sale of ETH.
* **Yield:** The earnings offered to vault subscribers as a reward for their deposits.
* **Expiry:** The exact date and time of when the vault will expire, at which point the conditions are evaluated, and the outcome is determined. \
  \&#xNAN;*\***Note:** All vaults **expires at 16:00 (UTC+8)** on their respective expiry dates.* \
  *Subscriptions to expiring vaults **closes at 14:00 (UTC+8)** on the date of expiry.* \
  *Settled funds are available for withdrawal at **18:00 (UTC+8).***
* **Quantity:** The total amount of liquidity that the vault creator is matching.