> For the complete documentation index, see [llms.txt](https://docs.bima.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bima.money/vault/vault-schedule.md).

# Vault Schedule

## One vault per month

BIMA deploys a **new vault at the start of every month**, each with its own deposit window, its own 12-month term, its own maturity date and **its own strike levels**.

<figure><img src="/files/bW4FP8G3LvIEgiOQirdT" alt=""><figcaption></figcaption></figure>

| Vault        | Deposit window       | Maturity    |
| ------------ | -------------------- | ----------- |
| **May2026**  | 1 May – 7 May 2026   | 1 May 2027  |
| **June2026** | 1 June – 7 June 2026 | 1 June 2027 |
| **July2026** | 1 July – 7 July 2026 | 1 July 2027 |

Later vaults follow the same pattern. Live dates and the current open vault are published in the app.

## Each vault is independent

Vaults are **risk-isolated**: they do not share collateral, obligations or counterparty exposure. What happens in one does not affect another.

For you, that means:

* Your term is fixed by the vault you joined.
* Your maturity date is exactly twelve months from your vault's start.
* **Your strike levels belong to your vault.** They are set when your window closes and reflect market conditions on that date.

Two people depositing a month apart can hold materially different protection and cap levels. That is a function of Bitcoin's option market on each pricing date, not a change in the product.

## The seven-day window matters

Deposits are only accepted during the first seven days of the month. Miss it, and the next opportunity is the following month's vault with a different maturity and different strikes.

Once the window closes:

* the vault is sealed and the collar is placed,
* no further deposits are accepted,
* no withdrawals are possible until maturity and redemption.

{% hint style="info" %}
Deposit early in the window rather than on the final day. A failed transaction or network congestion on day seven means waiting a month.
{% endhint %}

## Running more than one vault

Nothing stops you depositing into several monthly vaults. Some users deposit a portion each month so that collateral matures on a rolling basis and strike levels are averaged across different market conditions, rather than committing everything at one point in the cycle.

Each deposit is a separate position with its own shares, strikes, maturity and redemption window.