Concepts

This section introduces the core concepts behind products managed through Centrifuge. It explains how pools, share classes, tokens and vaults work together to represent a product onchain, define investor ownership and provide different paths for entering and exiting a product. These concepts apply across different product structures and operating models.

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Pools

How a pool provides the product's onchain management path and organizes operations across its hub and spokes.

Share classes and tokens

How share classes structure a product and how their tokens represent ownership.

Vaults

The entry path into a pool: instant vs request-based execution, multiple assets and networks.

Pricing

How product valuations determine token prices and remain consistent across networks.

Access and permissions

The memberlist model and the transfer-control patterns, from fully restricted to freely transferable.

Terms used across the documentation are defined in the glossary.