So-called 'standard' Vault contains the information unencrypted/accessible to privileged users. I believe that combination of words 'vault' and 'standard' is not good because it creates misleading impression.
Name 'unencrypted' is better as it is obvious that the information can be accessed by other parties.
(This might need an compatibility alias between 'standard' and 'unencrypted'.)
should be done in backwards compatible way
Metadata Update from @pspacek: - Issue assigned to someone - Issue set to the milestone: FreeIPA 4.5 backlog