Core Concepts

The MORE Vaults open standard revolves around a two‑layer architecture: an invariant core that guarantees total asset accounting and upgrade safety, and a set of modular facets that supply every other capability such as protocol integrations, strategy logic, governance hooks, fee collection and event emitters. Each vault is instantiated by a factory that clones the generic core and then connects only those facets declared in its launch configuration, ensuring that the critical asset path remains identical across the ecosystem while still letting builders innovate at the edge.

Surrounding that execution layer is an on‑chain registry and governance framework. A protocol‑level DAO handles facet metadata, facet and oracle registration and core upgrades, while individual vaults can adopt their own governance, whitelist and fee schedules without affecting others. Uniform event formats feed a public subgraph so explorers, dashboards, and risk engines can surface real‑time positions, fee flows, and security signals. Together these primitives (shares, canonical accounting, registries, multiscale governance, opt‑in whitelists, granular fee mechanisms, layered security guards, and transparent data), form the conceptual backbone of the open vaults framework.