> ## Documentation Index
> Fetch the complete documentation index at: https://pessoal-86816071.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Protocols Overview

> Strategy universe, role of each protocol, and current implementation status.

# Protocols Overview

The strategy universe is intentionally small in the MVP.

Each strategy has a role in the portfolio, not just an APY target.

## Strategy map

| Strategy ID           | Protocol | Role in portfolio                       | Liquidity profile | Status in repo     |
| --------------------- | -------- | --------------------------------------- | ----------------- | ------------------ |
| `drift-reserve`       | Drift    | Liquid reserve and low-complexity carry | `instant`         | Real SDK path      |
| `kamino-stable-carry` | Kamino   | Main carry sleeve                       | `same_day`        | Real SDK path      |
| `marginfi-canary`     | MarginFi | Small capped canary sleeve              | `same_day`        | Manifest or static |
| `perena-exotic`       | Perena   | Exotic / RWA sleeve                     | `batched`         | Manifest or static |

## Why these four

* `Drift` gives the vault a liquid sleeve that is easier to unwind
* `Kamino` is the main carry engine of the MVP
* `MarginFi` is intentionally constrained as a canary
* `Perena` is the bridge into the exotic / RWA sleeve of the thesis

## Integration modes

### Real SDK adapters

Used when the protocol SDK is integrated and the runtime can construct bundles directly.

Current examples:

* `Drift`
* `Kamino`

### Manifest adapters

Used when the protocol is not yet wrapped in a first-class SDK adapter but operators already know the instruction bundle shape.

Current examples:

* `MarginFi`
* `Perena`

### Static fallback

Used for deterministic demos, tests, and placeholders while a live integration is incomplete.