When I save a vault’s password with Touch ID, I am only prompted the first unlock for Touch ID after launching Cryptomator. After I lock it, I can unlock it again without the Touch ID or password prompt. It just unlocks.
Is this a bug or am I understanding how the saved password function works?
Welcome to the Cryptomator community 
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this is how the saved password function works.
You authenticate ones and can afterwards lock/unlock your vaults. It depends on macOS when you are asked for re-authentication again.
Thank you for the welcome and the response, :).
This makes sense that it’s dependent on the MacOS authentication. I guess I’ll have to look into that next!