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Glossary

Key terms used throughout the Multyr documentation.

Adapter​

A smart contract module that connects a Multyr strategy to a specific external protocol. Each adapter standardizes deposit, withdrawal, and balance operations for a single integration.

Allocation Vault​

A vault that allocates capital across multiple Strategy Vaults according to predefined rules and constraints.

Buffer​

A portion of capital held in liquid form within the CoreVault or associated modules to support withdrawals and operational flexibility.

BufferManager​

The component responsible for maintaining target buffer levels (e.g. hot and warm liquidity) and coordinating buffer rebalancing.

CoreVault​

The central vault contract of the Multyr system. ERC-4626 compatible. Accepts user deposits, issues shares, and delegates capital allocation to the StrategyRouter.

ERC-4626​

An Ethereum standard for tokenized vaults, defining a common interface for deposits, withdrawals, and share accounting.

Guardian​

A privileged role responsible for emergency actions such as pausing the system or degrading strategies under abnormal conditions.

Multisig​

A multi-signature wallet controlling governance-level operations. Requires multiple independent signers to approve critical actions.

The total value of assets held by a vault, computed from on-chain data. NAV per share determines the redemption value of each vault share.

Permit2​

A token approval mechanism enabling signature-based approvals without requiring a separate on-chain approval transaction.

Rebalancing​

The process of redistributing capital across allocation targets according to predefined rules, constraints, and system conditions.

Safety Reserve​

A vault or mechanism funded by protocol revenues that may act as a limited loss-absorption buffer under certain conditions. It is not an insurance mechanism and does not guarantee capital protection.

Shadow Testing​

A deployment phase where the system runs on mainnet with real integrations and logic, but with limited or controlled user exposure.

Strategy​

A rule-based allocation framework that deploys capital to a defined set of opportunities. A strategy may allocate across multiple adapters or protocol integrations.

StrategyRouter​

The contract responsible for executing capital allocation and rebalancing across strategies or adapters according to predefined parameters.

Strategy Vault​

A vault that provides exposure to a single strategy. Capital deposited into a Strategy Vault is allocated according to that strategy's internal logic.

Timelock​

A delay mechanism applied to governance actions, ensuring changes are visible before execution and allowing users time to react.

Vault Share​

An ERC-20 token representing a user's proportional ownership of a vault's assets.

Withdrawal Queue​

A mechanism that processes withdrawal requests over time when immediate liquidity is insufficient.