An oyster cannot expel what gets inside it, so it coats the intruder: tablets of aragonite about half a micron thick, laid in offset courses with thirty nanometres of protein between them. Thousands of them, one after another.
The colour that comes back is not pigment. It is interference — light reflecting off every interface in that stack and arriving back out of step with itself. So the hue is a direct read of how thick the tablets are, and the depth of the sheen is a direct read of how many there are. The trade calls that sheen the orient, and it is the thing a grader is looking at.
A vault that compounds fees is doing the same arithmetic. Each harvest is another layer over the same nucleus. The supply does not change; the thickness does. That is why the price per token is a layer count and not a promise.
The picture above and the curves beside this are both solved, not drawn: a transfer matrix through the stack at normal incidence, integrated against the CIE 1931 observer. Change the tablet thickness and the colour moves the way a real shell’s does, because it is the same equation.