> For the complete documentation index, see [llms.txt](https://docs.secured.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.secured.finance/sf-yield-vault/core-mechanics/available-vaults-and-strategies.md).

# Available Vaults and Strategies

The vaults live today and the strategies behind them

A strategy defines how a vault's deposits are put to work. Two vaults are live today, each running a single lending strategy that deploys into Secured Finance's [Fixed-Rate Lending](/fixed-rate-lending/overview.md) markets.

| Vault                                                                                            | Asset | Network  | Strategy                                                                                                           | Performance fee |
| ------------------------------------------------------------------------------------------------ | ----- | -------- | ------------------------------------------------------------------------------------------------------------------ | --------------- |
| [**JPYC Vault**](https://vaults.secured.finance/1/0x7a6E3635694952dC00F6bA4d4AD1a7B892028789)    | JPYC  | Ethereum | [JPYC Lending Strategy](/sf-yield-vault/core-mechanics/available-vaults-and-strategies/jpyc-lending-strategy.md)   | 5% performance  |
| [**USDFC Vault**](https://vaults.secured.finance/314/0x9f59bB0A1dbfad10443Fba08D41c75b0664Bf41B) | USDFC | Filecoin | [USDFC Lending Strategy](/sf-yield-vault/core-mechanics/available-vaults-and-strategies/usdfc-lending-strategy.md) | 5% performance  |

Each strategy page documents the strategy's **rules as encoded in the deployed contract** — allocation, eligibility, order placement, rebalancing, and capacity — along with fees, liquidity limitations, governance, and risks. The shared mechanics — allocation, reporting, fees, liquidity — are described once in [Vault System Overview](/sf-yield-vault/core-mechanics/vault-system-overview.md) and [Strategy Framework and Allocation Model](/sf-yield-vault/core-mechanics/strategy-framework-and-allocation-model.md).

Strategies are not static: they can be added, updated, paused, or deprecated over time. Because the vault interface never changes, such changes never require you to alter how you interact with a vault. New strategies will be listed here as they go live.