MORE Markets

Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.

MORE Markets is an Aave-v3-derived lending protocol deployed only on Flow EVM, with permissionless market creation and overcollateralized borrowing. The 2026-08-15 endpoint reported about $3.35M on Flow. Size is secondary: every supply receipt, debt balance, oracle update, liquidation and withdrawal settles on a chain outside the approved perimeter. The standing v1 rejected-chain disposition therefore controls before market quality or TVL can make the product eligible.

Kill criteria: the events that revoke this verdict
• Deploys meaningful independently verified liquidity on a chain the registry approves
• The Flow chain verdict changes

The research file

Mechanism and chain applicability

MORE documents autonomous lending markets in which suppliers deposit assets, borrowers post overcollateralized positions, variable utilization sets rates and liquidations protect suppliers. Its official deployment repository identifies Flow EVM Mainnet as the deployment and publishes the Flow pool, oracle and address-provider contracts. Every economically relevant action 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 likewise says MORE markets operate on Flow and the deployment repository lists nine Flow EVM markets. No reviewed deployment on an approved chain is evidenced.

Control, loss and exit applicability

Market creators define reserve and collateral parameters, while deployed admin, oracle, pool and liquidation contracts control operation. Suppliers inherit utilization, borrower, collateral, oracle and liquidation risk and can withdraw only against available pool cash. Audits and on-chain enforcement are relevant to a later protocol review but cannot remove the Flow settlement dependency.

Why the shared dossier decides

The v1 rejected-chain disposition controls because MORE has no reviewed deployment outside Flow. This is a settlement-layer exclusion rather than 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 underwrite a named reserve, its roles, parameters, utilization, losses, audits and proposed-size withdrawal.

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 verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.