🔄 Execution Flow

Execution Flow

This section explains how a strategy is executed end-to-end when a user deposits funds into MALGIST.

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High-Level Flow

User
 → UniversalVault
   → Read Strategy
   → Split Capital
   → Call Adapters
   → Update State

All execution happens on-chain inside the UniversalVault.

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Step-by-Step Execution

1. User Deposit

• User deposits a single asset (e.g. USDC) into the UniversalVault

• Funds are locked in the vault (non-custodial)

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2. Strategy Read

• Vault reads the selected Strategy contract

• Strategy provides:

  • Target protocols

  • Allocation percentages

  • Execution order

• Strategy is read-only and cannot move funds

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3. Capital Split

• Vault calculates how much capital goes to each step

• Example:

  • 60% → Lending protocol

  • 40% → DEX liquidity or yield source

No funds leave the vault without validation.

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4. Adapter Calls

• Vault calls approved adapters via the Adapter Registry

• Each adapter:

  • Receives instructions from the vault

  • Executes protocol-specific logic

• Adapters interact directly with external DeFi protocols

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5. State Updates

• Vault updates internal accounting:

  • User balances

  • Strategy allocation

  • Fees

• Execution results are stored on-chain

• Events are emitted for monitoring and analytics

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Key Guarantees

• ✅ Funds always remain under vault control

• ✅ Strategies cannot execute arbitrary calls

• ✅ Only approved adapters can be used

• ✅ Execution is deterministic and auditable

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➡️ Next: Security & Risk (how MALGIST minimizes execution and protocol risks)