Terms are fixed at creation and cannot change after the funding window clears. Underwriting, KYB and legal happen off-chain before this step — the coupon is an input here, not something the program derives.
1400 = 14%
200 = 2%, must be less than coupon
The stablecoin investors commit (e.g. USDC on this cluster)
Recorded for reference only — not signer-checked on-chain. Defaults to your wallet.
Vault creation is permissionless on-chain — any signer can call it and becomes that vault’s authority. This form is the intended entry point, but it is not the only path to the same instruction.