Vault Logic Integrity

All vault logic is fully transparent and verifiable on-chain. Smart contracts are non-custodial, with no centralized control or withdrawal authority. Built-in circuit breakers, multisig permissions, and safety limits are in place to prevent unsafe behavior.

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Technical Overview

Ceres vaults are deployed as custom strategies on top of Yearn V3’s BaseStrategy framework. This architecture provides modular execution, transparent rebalancing, and permissionless deployment of strategy logic.

The core strategy contract manages yield by:

• Depositing assets into fixed yield sources

• Using PT tokens as collateral to borrow

• Rebalancing leverage through flash loans

• Compounding rewards and handling token swaps

Key components include:

• Strategy Factory: Deploys and manages strategy contracts

• Swappers: Route token exchanges across supported DEXs

• APR Oracle: Provides fixed return estimates

• Interfaces: Enable integration with lending protocols, swap aggregators, and vault layers

All parameters, such as LTV targets, slippage, TWAP duration, and maturity settings, are configurable. Developers and auditors can review the implementation to validate vault behavior and execution logic.