# Vault Reconfiguration

## Vault reconfiguration

A vault reconfiguration is necessary if you want to modify one or more semi-permanent settings such as denomination asset, fees, lockup period, allowed integrations and external positions or slippage tolerance. Other settings can be edited under Settings > Policies > Edit. Keep in mind that you will incur gas fees in the process.

#### **How to reconfigure?** <a href="#how-to-reconfigure" id="how-to-reconfigure"></a>

Click on the button “Reconfigure Vault” to start the process. Keep in mind that due to security reasons there is a 7-day cooldown period, i.e. your new settings will be enforced after the cooldown period ends.

## Owner change

There may be some use-cases where you’d want to change the vault owner (eg. moving it to a multi-sig, retiring with a succession plan, etc). In that case, you can use this form to change the vault owner. Ownership transfer is a 2-step process. First, nominate a vault owner using this form. To complete the vault ownership change, the nominated vault owner will need to claim the ownership of the vault. Once the ownership change is claimed, you will lose all owner privileges for this vault.

## Vault Name

Changing the vault name will change the name of the vault in the Enzyme app. Please note, however, that network explorers like Etherscan or other apps might not pick this up. The reason for this is that the vault is an ERC20 token, and changing ERC20 token names is not usually done.<br>

## Fees

Fees must be manually settled before executing reconfiguration request by the vault manager, as they are not settled as part of the reconfiguration execution. Any fees not settled beforehand executing reconfiguration will be **forfeited**.


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