> For the complete documentation index, see [llms.txt](https://gmd-protocol.gitbook.io/gmd-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://gmd-protocol.gitbook.io/gmd-protocol/delta-neutral-vaults.md).

# Delta-Neutral Vaults

- [Delta-Neutral Vaults](https://gmd-protocol.gitbook.io/gmd-protocol/delta-neutral-vaults/delta-neutral-vaults.md)
- [Working Mechanism](https://gmd-protocol.gitbook.io/gmd-protocol/delta-neutral-vaults/working-mechanism.md)
- [Vaults Capabilities](https://gmd-protocol.gitbook.io/gmd-protocol/delta-neutral-vaults/vaults-capabilities.md)
- [Vaults Limit](https://gmd-protocol.gitbook.io/gmd-protocol/delta-neutral-vaults/vaults-limit.md)
- [APY and Deposit Fees](https://gmd-protocol.gitbook.io/gmd-protocol/delta-neutral-vaults/apy-and-deposit-fees.md)
- [Vault Migration](https://gmd-protocol.gitbook.io/gmd-protocol/delta-neutral-vaults/vault-migration.md)