# Overview Core Vaults are Mellow’s primary vault architecture for deploying curated onchain structured products. They exist to address a specific class of problems that emerge once vaults move beyond simple asset routing: the need for explicit risk boundaries, predictable execution surfaces, and stable interfaces that remain valid as strategies evolve. Core Vaults formalize these requirements at the vault level. Core Vaults encode strategy constraints directly into the vault configuration. This includes which integrations can be used, which actions are permitted, and how capital can move between execution paths. Enforcement happens onchain, making strategy behavior inspectable and resistant to off-policy execution. Core Vaults are designed to be extensible without requiring protocol-specific adapters for every new integration. Instead of hard-coding execution paths per protocol, Core Vaults expose a flexible execution surface that allows curators to route capital to new DeFi venues within the bounds of existing vault constraints. This significantly reduces integration overhead and shortens time-to-deployment, enabling strategies to incorporate new protocols or shift execution paths as market conditions change. As a result, Core Vaults can adapt strategy behavior without requiring redeployment of the vault itself, while still preserving onchain enforcement of permissions and risk limits. Core Vaults operate under a curated model. Depositors supply capital to the vault, while curators operate strategy logic within predefined guardrails. Curators cannot arbitrarily change strategy behavior, all actions are bounded by the vault’s permissions, limits, and execution rules. This separation of roles allows strategies to remain actively managed while keeping risk parameters explicit and enforceable. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.mellow.finance/core-vaults/overview.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.