# Architecture

## **MoreMarkets Architecture** 

<figure><img src="https://3939430316-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FpkuCQdIPo5l6ElM4z077%2Fuploads%2FLQg6SCyiYfXmahdfCviY%2Fimage.png?alt=media&#x26;token=ecaf4aff-a737-41eb-a906-8440d3499f12" alt=""><figcaption><p>MoreMarkets System Architecture</p></figcaption></figure>

The MoreMarkets architecture is designed to enable seamless cross-chain liquidity access and management. Here’s a quick breakdown of the key components and their interactions:

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**1. Principal Chain**

* **Primary BoringVault:** Stores native assets deposited from the Principal Chain and issues vault shares.
* **ReceiptTeller (Wormhole):** Facilitates cross-chain message passing, deposits and issues receipts.
* **Null Manager & Null Strategist**: For now this component is not enabled, but eventually will allow strategy managers to manage remote strategies directly from principal chain.

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**2. Receipt Chain**

* **ReceiptTeller (Wormhole):** Receives cross-chain message passing to the Receipt Chain.
* **Primary BoringVault**: Mints receipts based on verified deposits.
* **RouterTeller**: Manages positions and interacts with the Receipt BoringVault.
* **Receipt BoringVault**: Core liquidity pool for deposited assets.
* **Root Manager**: Administrative component for vault governance.
* **Strategist**: Implements yield strategies for deposited assets.
* **Application**: End-user protocols that utilize the liquidity (with liquidation/slashing capabilities).

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**3. Manager & Strategist**

* **Manager Contract:** Authenticates and executes strategist calls for rebalancing assets across chains.
* **Strategist:** Analyzes market opportunities and allocates liquidity to maximize yield.

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**4. Accountant**

* Tracks asset prices and ensures accurate valuation of vault shares and receipt tokens.

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**5. Application Layer**

* **Deposit:** Users deposit assets into the vault, receiving yield-bearing positional tokens.
* **Restaking/Yield Aggregators:** Strategists deploy assets into high-yield opportunities like restaking protocols or DEX liquidity pools.

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## **How It Works**

1. **Deposit:** Users deposit assets from Principal Chain into the Primary BoringVault.
2. **Cross-Chain Message Passing:** ReceiptTeller passes message  to the Receipt Chain.
3. **Liquidity Allocation:** Strategists rebalance assets across chains using the Manager Contract, deploying them into high-yield strategies.
4. **Yield Generation:** Assets generate yield, which flows back into the vault, increasing the value of user positions.

[<br>](https://docs.veda.tech/architecture-overview)