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Overview

Manager commands are used by fund managers to operate tokenized vaults: update pricing, fulfill investor requests, claim fees, configure subscription/redemption settings, and manage the investor queue.

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Commands

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glam manage price

Update vault asset prices using configured price oracles. 
glam manage price
No parameters. This command automatically prices all vault assets using the configured oracle feeds. Example: 
glam manage price
# Output: Vault priced: 5Tx...abc
Behavior:
  • Loads price oracle instructions for all vault assets
  • Loads GLAM and protocol lookup tables
  • Submits versioned transaction with price updates
  • No confirmation prompt (auto-executes)
Run this command regularly to keep vault NAV current. Price updates are required before instant subscriptions and fulfillments.

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glam manage fulfill

Fulfill all pending queued subscription and redemption requests. 
glam manage fulfill
No parameters. Processes all pending requests in the queue. Example: 
glam manage fulfill
# Output: Fulfillment triggered: 5Tx...xyz
Behavior:
  • Updates vault prices before fulfillment
  • Processes all pending subscription requests (mints shares)
  • Processes all pending redemption requests (prepares base asset withdrawals)
  • Users must claim their assets after fulfillment
  • Simulates transaction before sending
  • No confirmation prompt (auto-executes)
After fulfillment, investors must run glam invest claim-subscription or glam invest claim-redemption to receive their assets.

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glam manage claim-fees

Claim accumulated management and performance fees from the vault. 
glam manage claim-fees
No parameters. Claims all available fees to the manager wallet. Example: 
glam manage claim-fees
# Output: Fees claimed: 5Tx...def
Behavior:
  • Transfers accumulated fee tokens to manager
  • Includes management fees and performance fees
  • No confirmation prompt (auto-executes)

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glam manage update-min-subscription

Update the minimum subscription amount required for investors. 
glam manage update-min-subscription <amount> [options]
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amount
number
required
New minimum subscription amount in base asset units (e.g., 100 for 100 USDC)
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-y, --yes
boolean
Skip confirmation prompt
Examples: 
# Set minimum subscription to 1000 USDC
glam manage update-min-subscription 1000

# Update with auto-confirm
glam manage update-min-subscription 500 -y
Behavior:
  • Converts UI amount to on-chain representation
  • Updates vault configuration
  • Affects all future subscription requests
  • Does not affect existing pending requests

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glam manage update-min-redemption

Update the minimum redemption amount required for investors. 
glam manage update-min-redemption <amount> [options]
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amount
number
required
New minimum redemption amount in share token units
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-y, --yes
boolean
Skip confirmation prompt
Examples: 
# Set minimum redemption to 10 shares
glam manage update-min-redemption 10

# Update with auto-confirm
glam manage update-min-redemption 25 -y
Behavior:
  • Converts UI amount to on-chain representation
  • Updates vault configuration
  • Affects all future redemption requests
  • Does not affect existing pending requests

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glam manage pause

Pause subscription or redemption operations. 
glam manage pause <action> [options]
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action
string
required
Action to pause: subscription or redemption
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-y, --yes
boolean
Skip confirmation prompt
Examples: 
# Pause new subscriptions
glam manage pause subscription

# Pause redemptions with auto-confirm
glam manage pause redemption -y
Behavior:
  • Prevents new requests of the specified type
  • Does not affect existing pending requests
  • Can be reversed with unpause command
Pausing subscriptions prevents new investor deposits. Pausing redemptions prevents investors from withdrawing. Use this for maintenance or emergency situations.

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glam manage unpause

Unpause subscription or redemption operations. 
glam manage unpause <action> [options]
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action
string
required
Action to unpause: subscription or redemption
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-y, --yes
boolean
Skip confirmation prompt
Examples: 
# Unpause subscriptions
glam manage unpause subscription

# Unpause redemptions with auto-confirm
glam manage unpause redemption -y
Behavior:
  • Resumes processing of the specified request type
  • Investors can immediately create new requests

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glam manage list-requests

List all pending investor requests in the queue. 
glam manage list-requests [options]
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-j, --json
boolean
Output in JSON format instead of table
Examples: 
# List requests in table format
glam manage list-requests

# Output as JSON
glam manage list-requests --json
Example output (table): 
User                                      Type         Incoming    Outgoing    Status                Created (timestamp)
5Investor1...xyz                          subscription 1000        0           pending               2024-03-15T10:30:00Z
5Investor2...abc                          redemption   0           50          fulfilled (claimable) 2024-03-15T09:00:00Z
Example output (JSON): 
[
  {
    "user": "5Investor1...xyz",
    "type": "subscription",
    "incoming": 1000,
    "outgoing": 0,
    "status": "pending",
    "created": 1710497400,
    "timeUnit": "timestamp"
  },
  {
    "user": "5Investor2...abc",
    "type": "redemption",
    "incoming": 0,
    "outgoing": 50,
    "status": "fulfilled (claimable)",
    "created": 1710492000,
    "timeUnit": "timestamp"
  }
]
Behavior:
  • Shows all pending and fulfilled-but-unclaimed requests
  • Displays incoming (deposits) and outgoing (shares/withdrawals) amounts
  • Status indicates if request needs fulfillment or claiming
  • Time is shown as slot or timestamp depending on vault configuration
Use this command before running glam manage fulfill to see which investor requests will be processed.

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glam manage cancel-for-user

Cancel a pending request on behalf of a user (manager override). 
glam manage cancel-for-user <pubkey> [options]
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pubkey
string
required
Public key of the user whose request should be canceled
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-y, --yes
boolean
Skip confirmation prompt
Examples: 
# Cancel user's pending request
glam manage cancel-for-user 5User...xyz

# Cancel with auto-confirm
glam manage cancel-for-user 5User...xyz -y
Behavior:
  • Cancels pending subscription or redemption request
  • Returns assets to user
  • Removes request from queue
  • Only works on pending (unfulfilled) requests
Use this carefully as it overrides user intent. Best used for policy violations or emergency situations.

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glam manage claim-for-user

Claim a fulfilled request on behalf of a user (manager override). 
glam manage claim-for-user <pubkey> [options]
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pubkey
string
required
Public key of the user whose fulfilled request should be claimed
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-y, --yes
boolean
Skip confirmation prompt
Examples: 
# Claim for user who hasn't claimed yet
glam manage claim-for-user 5User...xyz

# Claim with auto-confirm
glam manage claim-for-user 5User...xyz -y
Behavior:
  • Transfers shares (subscription) or base assets (redemption) to user
  • Removes fulfilled request from queue
  • Completes the investment/redemption process
  • Only works on fulfilled requests
Use this to help users who may not understand the claim step or to batch-process claims for multiple users.

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Management Workflows

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Daily vault operations

# 1. Update prices
glam manage price

# 2. Check pending requests
glam manage list-requests

# 3. Fulfill all requests
glam manage fulfill

# 4. Claim management fees
glam manage claim-fees

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Processing investor requests

# 1. Review queue
glam manage list-requests

# 2. Price vault
glam manage price

# 3. Fulfill all
glam manage fulfill

# 4. Investors claim their assets
# (or manager claims for them with claim-for-user)

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Updating investor limits

# Set minimum investment to 1000 USDC
glam manage update-min-subscription 1000

# Set minimum redemption to 5 shares
glam manage update-min-redemption 5

# Verify changes
glam info

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Emergency pause

# Pause both subscriptions and redemptions
glam manage pause subscription -y
glam manage pause redemption -y

# Review current state
glam manage list-requests
glam info

# Resume when ready
glam manage unpause subscription -y
glam manage unpause redemption -y

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Handling problematic requests

# List all requests
glam manage list-requests

# Cancel specific user's request
glam manage cancel-for-user 5User...xyz

# Or claim on their behalf if fulfilled
glam manage claim-for-user 5User...xyz

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Request Queue Management

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Request Lifecycle

  1. Pending: User created request, waiting for manager fulfillment
  2. Fulfilled: Manager executed fulfill, user can now claim
  3. Claimed: User (or manager) executed claim, request completed

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Time Units

Requests track creation time in either:
  • Slot: Solana slot number (high precision)
  • Timestamp: Unix timestamp (human readable)
The vault configuration determines which is used.

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Incoming vs Outgoing

  • Subscription incoming: Base asset deposited
  • Subscription outgoing: Share tokens to mint (0 until fulfilled)
  • Redemption incoming: Share tokens burned
  • Redemption outgoing: Base asset to withdraw (0 until fulfilled)

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Fee Collection

Fees accumulate from:
  • Management fees: Time-based percentage of AUM
  • Performance fees: Percentage of profits above high-water mark
Run glam manage claim-fees regularly to collect: 
# Monthly fee claim
glam manage claim-fees
Fees are paid in the vault’s share token.
Schedule regular price updates and fulfillments (e.g., daily) to provide the best investor experience.

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