Institutional-Grade Infrastructure

Fusion is built on a foundation of strict asset segregation and standardized interoperability, mirroring the structure of Separately Managed Accounts (SMAs).

Segregated Mandate Vehicles

Each Fusion Vault is an isolated Mandate Vehicle with:

• Dedicated Custody: Assets are owned directly by the specific vault contract and cannot be commingled across different vehicles.

• Independent Configuration: Every mandate has its own dedicated market whitelist, risk parameters, and fee structures.

• ERC-4626 Compliance: The use of the industry-standard tokenized vault interface ensures seamless integration with institutional custody solutions, reporting tools, and collateral management systems.

• Upgrade Safety: Logic can be updated without the risk of corrupting existing vault data or asset balances, providing institutional-grade continuity.

Modular Execution Adapters (The Fuse System)

The protocol interacts with external DeFi venues (e.g., Aave, Morpho, Uniswap) via Execution Adapters, referred to as Fuses. These are immutable, stateless connectors that act as "pipes" between the vault and the market.

• Curated Universe: The Vault Curator defines the authorized "investment universe" by whitelisting specific Fuses. Assets never leave this defined environment.

• Stateless Execution: Fuses contain only the logic for protocol interaction; all assets and accounting remains within the vault's primary contract logic.