MORE Markets

MORE Markets is outside the current firm shelf because it falls within the rejected-chain policy class. This is a firm-policy decision, not an adverse quality rating or a client trade instruction. We retain the facts on its mechanism, control, loss, and exit below.

Review triggers: events that reopen the verdict
• Deploys meaningful independently verified liquidity on a chain the registry approves
• The Flow chain verdict changes

Watched nightly: a warning on its venues or files, or a cited document that changes, reopens the memo. The first confirmation is due 2026-11-15.

The research file

Mechanism and chain applicability

MORE documents autonomous lending markets. Suppliers deposit assets, borrowers post overcollateralized positions, variable utilization sets rates, and liquidations protect suppliers. Its official deployment repository names Flow EVM Mainnet as the deployment and publishes the Flow pool, oracle, and address-provider contracts. Every action with economic effect therefore depends on Flow settlement.

Current observation and perimeter

The DefiLlama protocol API read on 2026-08-15 classified MORE Markets as Lending, reported approximately $3.35M, and listed only Flow. Official documentation also says MORE markets operate on Flow, and the deployment repository lists nine Flow EVM markets. The reviewed evidence shows no deployment on an approved chain.

Control, loss and exit applicability

Market creators set reserve and collateral parameters, while the deployed admin, oracle, pool, and liquidation contracts control operations. Suppliers bear utilization, borrower, collateral, oracle, and liquidation risk and can withdraw only against available pool cash. Audits and on-chain enforcement matter to a later protocol review but cannot remove the reliance on Flow settlement.

Why the shared dossier decides

The v1 rejected-chain policy applies because MORE has no reviewed deployment outside Flow. This is a settlement-layer exclusion, not a finding that its lending contracts are unsafe. Reopen only if Flow passes the chain framework or MORE deploys material, independently verified liquidity on an approved chain; then review a named reserve, its roles, parameters, utilization, losses, audits, and proposed-size withdrawal.

Class rule

The rejected chain class is outside the approved structures, so every protocol in it is not approved until the rule changes. The rule is about the structure, not an adverse finding about this protocol, and it is not a client instruction. The events that would reopen it are listed with the memo.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

• MORE — lending protocol overview · primary · accessed 2026-08-15
  Supports: non-custodial lending, supply, borrow, collateral, smart contracts
• MORE — permissionless Flow markets · primary · accessed 2026-08-15
  Supports: Flow deployment, permissionless market creation, reserve parameters, liquidity providers, liquidations
• MORE — market and risk framework · primary · accessed 2026-08-15
  Supports: Pool contracts, interest-bearing tokens, health factor, oracle, risk parameters
• MORE — Flow contracts and audits · primary · accessed 2026-08-15
  Supports: Flow EVM Mainnet, nine markets, pool address, oracle address, audits
• DefiLlama — MORE Markets survey record · secondary · accessed 2026-08-15
  Supports: current TVL, Flow-only perimeter, Lending category, survey observation

Inherited controls

The research above describes the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The layer with the most administrative power sets the position’s effective control; that describes control, not quality or suitability.