Troves
Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.
Troves is a yield aggregator on Starknet that moves deposits across other protocols inside a chosen strategy. It held about $4.3M in TVL at the 2026-08-14 survey, under the $100M floor. Even at scale it would face our standing objection to delegated allocation, since routing money across venues is the service we charge for. Below the floor, size rejects it: an advised book of $1M to $8M from one practice becomes the exit crush at this scale.
- TVL sustained above $100M for 30 days
The research file
Applicability to the surveyed record
Troves documents pooled Starknet vaults that automate yield strategies on behalf of depositors. Contributors design and maintain the strategies, which may reallocate assets among lending markets, DEX positions, staking pools, borrowing, farming, and hedges; depositors delegate allocation and rebalancing rather than choosing each underlying venue.
Current observation and perimeter
The DefiLlama protocol API read on 2026-08-15 continued to classify Troves as Yield, reported only Starknet, and showed approximately $4.35M TVL. Current Troves documentation and its published master, access-control, timelock, and strategy-contract references confirm the vault system remains live and far below the shared v1 $100M materiality threshold.
Control and exit applicability
Strategy contributors control allocation logic, and newer vaults use role-based access control with a timelocked super-admin; underlying protocol, leverage, LP, and liquidation risks vary by strategy. Troves exposes on-chain strategy withdrawals, but realized exit depends on unwinding the underlying positions and may include DEX spread, borrow cost, or pool liquidity rather than a guaranteed par redemption.
Why the class rule decides
The shared v1 below-materiality dossier is the immediate basis because Troves remains under $100M; delegated allocation would remain a separate fundamental objection if it scaled. Reopen after DefiLlama TVL stays above $100M for 30 consecutive days, then review each vault and allocation mandate, contributor and admin powers, timelock, underlying protocols, leverage and LP exposure, audits and incidents, executable withdrawals, stressed unwind, and named direct alternatives.
Sources
The claims above trace to these. Where a number could not be independently verified, the thesis says so.
- Troves — strategies and vaults · primary · accessed 2026-08-15
Supports: pooled vault, delegated strategy, reallocation, underlying protocols, risk management - Troves — withdrawal workflow · primary · accessed 2026-08-15
Supports: strategy withdrawal, Starknet wallet, on-chain settlement - Troves — current contracts and control · primary · accessed 2026-08-15
Supports: mainnet contracts, access control, timelock, strategy contracts - Troves — strategy security and audit status · primary · accessed 2026-08-15
Supports: strategy-specific audits, unaudited warning, vault implementations - DefiLlama — Troves survey record · secondary · accessed 2026-08-15
Supports: current TVL, Starknet perimeter, Yield 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.
| Chain | Verdict | Grade | Control constraint |
|---|---|---|---|
| Starknet | Approved · limits | hybrid | validity proofs and a regular exit window constrain control, but permissioned proposers and an instant emergency Security Council remain live dependencies. |