MARKOV

LABS.

MARKOV

LABS.

Quantitative curation for onchain markets

Quantitative curation for onchain markets

Quantitative risk assessment. Independent vault curation.

$4.7m

TVL MANAGEd

6

Markets integrated

[Explore vault strategies] →

[Read Methodology]

$4.7m

TVL MANAGEd

6

Markets integrated

[Explore vault strategies] →

[Read Methodology]

1.

What we do

SERVICES

HIGH

HIGH

HIGH

MID

MID

MID

BASE

BASE

BASE

RISK PROFILES

RISK PROFILES

RISK PROFILES

01

Vault Curation

Vault Curation

Design and management of onchain vault strategies across defined risk profiles.

Design and management of onchain vault strategies across defined risk profiles.

RETURN

RETURN

RETURN

RISK

RISK

RISK

[0.0167]

[0.0167]

[0.0167]

STABLE

STABLE

STABLE

STRESS

STRESS

STRESS

TAIL

TAIL

TAIL

FRONTIER / REGIME ANALYSIS

FRONTIER / REGIME ANALYSIS

FRONTIER / REGIME ANALYSIS

02

Quant Research

Quant Research

Modeling, stress testing, and regime analysis for DeFi credit and rates markets.

Modeling, stress testing, and regime analysis for DeFi credit and rates markets.

FIRA

FIRA

FIRA

CURATOR

CURATOR

CURATOR

MORPHO

MORPHO

MORPHO

VAULTS

VAULTS

VAULTS

LENDING

LENDING

LENDING

MARKETS

MARKETS

MARKETS

ONCHAIN

ONCHAIN

ONCHAIN

VENUES

VENUES

VENUES

ONCHAIN INTEGRATIONS

ONCHAIN INTEGRATIONS

ONCHAIN INTEGRATIONS

MARKOV

MARKOV

MARKOV

LABS

LABS

LABS

03

Protocol Partnerships

Protocol Partnerships

Protocol
Partnerships

Custom vault deployments and integrations with onchain venues.

Custom vault deployments and integrations with onchain venues.

For protocols, institutions, and sophisticated onchain allocators.

For protocols, institutions, and sophisticated onchain allocators.

For protocols, institutions, and sophisticated onchain allocators.

[Contact partnerships]

2.

Frontier / Risk–Return

01

Frontier-driven innovation

We locate strategies at the boundary of what systematic, onchain execution makes possible.

02

Quantitative rigor & conviction

Every allocation decision is derived from a formal model, not intuition or market sentiment.

03

Risk respect & multilayered control

Explicit constraints, stress-tested scenarios, and onchain verifiability at every layer.

PRINCIPLES

2.

Frontier / Risk–Return

2.

Frontier / Risk–Return

Systematic portfolio construction under explicit risk constraints — optimising for robust risk-adjusted returns across liquidity, rate, and volatility regimes.

3.

Active & upcoming strategies

Vault strategies

LIVE

FIRA Prime

Floating-rate credit allocation across DeFi lending markets. Risk-adjusted. Model- driven.

[Open on Fira] →

LIVE

Morpho PRIME

Systematic credit allocation deployed on Morpho's lending infrastructure.

[Open on morpho] →

COMING SOON

Tiered Risk Vaults

Credit market vaults focused on offering riskier assets as collateral (segmented by token type, volatility profile, and risk tier).

[GET NOTIFIED] →

Exclusive curator for Fira

Markov Labs is Fira's designated quantitative curator, responsible for the design, risk parameterisation, and ongoing management of credit vaults deployed on the protocol.

[fira protocol]

Exclusive curator for Fira

Exclusive curator for Fira

Markov Labs is Fira's designated quantitative curator, responsible for the design, risk parameterisation, and ongoing management of credit vaults deployed on the protocol.

Markov Labs is Fira's designated quantitative curator, responsible for the design, risk parameterisation, and ongoing management of credit vaults deployed on the protocol.

[fira protocol]

4.

How we work

Allocation methodology

01

Inputs & constraints

Dozens of quantitative components — from 90-day rolling volatility to depeg probability — feed the allocation model as structured inputs.


20+ risk dimensions

Allocation engine

Vault execution

Market allocation

01

Inputs & constraints

Dozens of quantitative components — from 90-day rolling volatility to depeg probability — feed the allocation model as structured inputs.


20+ risk dimensions

onchain rates

Full methodology documentation available.

Full methodology documentation available.

[See our docs]

5.

Research & analysis

INSIGHTS

CASE STUDY

Floating-rate credit allocation under liquidity stress

Regime analysis under liquidity stress

[READ]

→

CASE STUDY

Floating-rate credit allocation under liquidity stress

Regime analysis under liquidity stress

[READ]

→

CASE STUDY

Floating-rate credit allocation under liquidity stress

Regime analysis under liquidity stress

[READ]

→

Insight

Explicit constraints vs. implicit limits

Portfolio construction in permissionless systems

[READ]

→

Insight

Explicit constraints vs. implicit limits

Portfolio construction in permissionless systems

[READ]

→

Insight

Explicit constraints vs. implicit limits

Portfolio construction in permissionless systems

[READ]

→

Insight

Simulation-based stress testing for DeFi credit portfolios

Methodology: Monte Carlo simulation framework

[READ]

→

Insight

Simulation-based stress testing for DeFi credit portfolios

Methodology: Monte Carlo simulation framework

[READ]

→

Insight

Simulation-based stress testing for DeFi credit portfolios

Methodology: Monte Carlo simulation framework

[READ]

→

CASE STUDY

Rate regime transitions

Evaluating allocation robustness across market environments

[READ]

→

CASE STUDY

Rate regime transitions

Evaluating allocation robustness across market environments

[READ]

→

CASE STUDY

Rate regime transitions

Evaluating allocation robustness across market environments

[READ]

→

[VIEW ALL INSIGHTS]

→

6.

ABOUT

Vault strategies

MARKOV

LABS.

Markov Labs is an independent quantitative DeFi vault curator. We design and manage systematic, onchain investment strategies using statistical analysis, simulation, and formal portfolio construction frameworks. Our initial focus is credit-based portfolios — dynamically allocating deposited assets across DeFi lending markets for robust risk-adjusted returns. Markov Labs operates as exclusive curator for the Fira protocol. Morpho vault strategies are in active development.