diff --git a/formula-android-tests/src/test/java/com/instacart/formula/FragmentAndroidEventTest.kt b/formula-android-tests/src/test/java/com/instacart/formula/FragmentAndroidEventTest.kt
index b21688879..517aaa05d 100644
--- a/formula-android-tests/src/test/java/com/instacart/formula/FragmentAndroidEventTest.kt
+++ b/formula-android-tests/src/test/java/com/instacart/formula/FragmentAndroidEventTest.kt
@@ -5,6 +5,7 @@ import androidx.test.ext.junit.rules.ActivityScenarioRule
 import androidx.test.ext.junit.runners.AndroidJUnit4
 import com.google.common.truth.Truth.assertThat
 import com.instacart.formula.android.Feature
+import com.instacart.formula.android.FeatureFactory
 import com.instacart.formula.android.ViewFactory
 import com.instacart.formula.android.events.ActivityResult
 import com.instacart.formula.test.TestFragmentActivity
@@ -29,18 +30,21 @@ class FragmentAndroidEventTest {
                             initialContract = TestLifecycleKey()
                         },
                         contracts =  {
-
-                            bind<TestLifecycleKey> { _, _ ->
-                                Feature(
-                                    state = activityResults().flatMap {
-                                        activityResults.add(it)
-                                        Observable.empty()
-                                    },
-                                    viewFactory = ViewFactory.fromLayout(R.layout.test_empty_layout) {
-                                        featureView { }
-                                    }
-                                )
+                            val featureFactory = object : FeatureFactory<Unit, TestLifecycleKey> {
+                                override fun initialize(dependencies: Unit, key: TestLifecycleKey): Feature {
+                                    return Feature(
+                                        state = activityResults().flatMap {
+                                            activityResults.add(it)
+                                            Observable.empty()
+                                        },
+                                        viewFactory = ViewFactory.fromLayout(R.layout.test_empty_layout) {
+                                            featureView { }
+                                        }
+                                    )
+                                }
                             }
+
+                            bind(featureFactory)
                         }
                     )
                 }
@@ -48,7 +52,8 @@ class FragmentAndroidEventTest {
         },
         cleanUp = {
             activityResults.clear()
-        })
+        }
+    )
 
     private val activityRule = ActivityScenarioRule(TestFragmentActivity::class.java)
 
diff --git a/formula-android/src/main/java/com/instacart/formula/android/FragmentFlowStore.kt b/formula-android/src/main/java/com/instacart/formula/android/FragmentFlowStore.kt
index 20bb191a5..7302e0437 100644
--- a/formula-android/src/main/java/com/instacart/formula/android/FragmentFlowStore.kt
+++ b/formula-android/src/main/java/com/instacart/formula/android/FragmentFlowStore.kt
@@ -1,25 +1,18 @@
 package com.instacart.formula.android
 
-import com.instacart.formula.Evaluation
-import com.instacart.formula.Formula
 import com.instacart.formula.RuntimeConfig
-import com.instacart.formula.Snapshot
-import com.instacart.formula.android.internal.Binding
 import com.instacart.formula.android.events.FragmentLifecycleEvent
-import com.instacart.formula.android.internal.CompositeBinding
-import com.instacart.formula.android.internal.FeatureObservableAction
+import com.instacart.formula.android.internal.FragmentFlowStoreFormula
 import com.instacart.formula.android.utils.MainThreadDispatcher
-import com.instacart.formula.rxjava3.RxAction
 import com.instacart.formula.rxjava3.toObservable
-import com.jakewharton.rxrelay3.PublishRelay
 import io.reactivex.rxjava3.core.Observable
 
 /**
  * A FragmentFlowStore is responsible for managing the state of multiple [FragmentKey] instances.
  */
 class FragmentFlowStore @PublishedApi internal constructor(
-    private val root: CompositeBinding<*>,
-) : Formula<FragmentEnvironment, FragmentFlowState, FragmentFlowState>() {
+    private val formula: FragmentFlowStoreFormula<*>,
+) {
     companion object {
         inline fun init(
             crossinline init: FragmentStoreBuilder<Unit>.() -> Unit
@@ -32,119 +25,23 @@ class FragmentFlowStore @PublishedApi internal constructor(
             crossinline contracts: FragmentStoreBuilder<Component>.() -> Unit
         ): FragmentFlowStore {
             val bindings = FragmentStoreBuilder.build(contracts)
-            val root = CompositeBinding(rootComponent, bindings.bindings)
-            return FragmentFlowStore(root)
+            val formula = FragmentFlowStoreFormula(rootComponent, bindings)
+            return FragmentFlowStore(formula)
         }
     }
 
-
-    private val lifecycleEvents = PublishRelay.create<FragmentLifecycleEvent>()
-    private val visibleContractEvents = PublishRelay.create<FragmentId>()
-    private val hiddenContractEvents = PublishRelay.create<FragmentId>()
-
-    private val lifecycleEventStream = RxAction.fromObservable { lifecycleEvents }
-    private val visibleContractEventStream = RxAction.fromObservable { visibleContractEvents }
-    private val hiddenContractEventStream = RxAction.fromObservable { hiddenContractEvents }
-
     internal fun onLifecycleEffect(event: FragmentLifecycleEvent) {
-        lifecycleEvents.accept(event)
+        formula.onLifecycleEffect(event)
     }
 
     internal fun onVisibilityChanged(contract: FragmentId, visible: Boolean) {
-        if (visible) {
-            visibleContractEvents.accept(contract)
-        } else {
-            hiddenContractEvents.accept(contract)
-        }
-    }
-
-    override fun initialState(input: FragmentEnvironment): FragmentFlowState = FragmentFlowState()
-
-    override fun Snapshot<FragmentEnvironment, FragmentFlowState>.evaluate(): Evaluation<FragmentFlowState> {
-        val rootInput = Binding.Input(
-            environment = input,
-            component = Unit,
-            activeFragments = state.activeIds,
-            onInitializeFeature = context.onEvent { event ->
-                val features = state.features.plus(event.id to event)
-                transition(state.copy(features = features))
-            }
-        )
-        root.bind(context, rootInput)
-
-        return Evaluation(
-            output = state,
-            actions = context.actions {
-                lifecycleEventStream.onEvent { event ->
-                    val fragmentId = event.fragmentId
-                    when (event) {
-                        is FragmentLifecycleEvent.Removed -> {
-                            val updated = state.copy(
-                                activeIds = state.activeIds.minus(fragmentId),
-                                states = state.states.minus(fragmentId),
-                                features = state.features.minus(fragmentId)
-                            )
-                            transition(updated)
-                        }
-                        is FragmentLifecycleEvent.Added -> {
-                            if (!state.activeIds.contains(fragmentId)) {
-                                if (root.binds(fragmentId.key)) {
-                                    val updated = state.copy(activeIds = state.activeIds.plus(fragmentId))
-                                    transition(updated)
-                                } else {
-                                    val updated = state.copy(
-                                        activeIds = state.activeIds.plus(fragmentId),
-                                        features = state.features.plus(fragmentId to FeatureEvent.MissingBinding(fragmentId))
-                                    )
-                                    transition(updated)
-                                }
-                            } else {
-                                none()
-                            }
-                        }
-                    }
-                }
-
-                visibleContractEventStream.onEvent {
-                    if (state.visibleIds.contains(it)) {
-                        // TODO: should we log this duplicate visibility event?
-                        none()
-                    } else {
-                        transition(state.copy(visibleIds = state.visibleIds.plus(it)))
-                    }
-                }
-
-                hiddenContractEventStream.onEvent {
-                    transition(state.copy(visibleIds = state.visibleIds.minus(it)))
-                }
-
-                state.features.entries.forEach { entry ->
-                    val fragmentId = entry.key
-                    val feature = (entry.value as? FeatureEvent.Init)?.feature
-                    if (feature != null) {
-                        val action = FeatureObservableAction(
-                            fragmentEnvironment = input,
-                            fragmentId = fragmentId,
-                            feature = feature,
-                        )
-                        action.onEvent {
-                            if (state.activeIds.contains(fragmentId)) {
-                                val keyState = FragmentState(fragmentId.key, it)
-                                transition(state.copy(states = state.states.plus(fragmentId to keyState)))
-                            } else {
-                                none()
-                            }
-                        }
-                    }
-                }
-            }
-        )
+        formula.onVisibilityChanged(contract, visible)
     }
 
     internal fun state(environment: FragmentEnvironment): Observable<FragmentFlowState> {
         val config = RuntimeConfig(
             defaultDispatcher = MainThreadDispatcher(),
         )
-        return toObservable(environment, config)
+        return formula.toObservable(environment, config)
     }
 }
diff --git a/formula-android/src/main/java/com/instacart/formula/android/FragmentStoreBuilder.kt b/formula-android/src/main/java/com/instacart/formula/android/FragmentStoreBuilder.kt
index 6aa3f30fb..f3e906233 100644
--- a/formula-android/src/main/java/com/instacart/formula/android/FragmentStoreBuilder.kt
+++ b/formula-android/src/main/java/com/instacart/formula/android/FragmentStoreBuilder.kt
@@ -1,9 +1,7 @@
 package com.instacart.formula.android
 
-import com.instacart.formula.android.internal.Binding
-import com.instacart.formula.android.internal.Bindings
-import com.instacart.formula.android.internal.FunctionUtils
 import com.instacart.formula.android.internal.FeatureBinding
+import com.instacart.formula.android.internal.MappedFeatureFactory
 import java.lang.IllegalStateException
 import kotlin.reflect.KClass
 
@@ -13,33 +11,16 @@ import kotlin.reflect.KClass
  */
 class FragmentStoreBuilder<Component> {
     companion object {
-
         @PublishedApi
         internal inline fun <Component> build(
             init: FragmentStoreBuilder<Component>.() -> Unit
-        ): Bindings<Component> {
+        ): List<FeatureBinding<Component, *>> {
             return FragmentStoreBuilder<Component>().apply(init).build()
         }
     }
 
     private val types = mutableSetOf<Class<*>>()
-    private val bindings: MutableList<Binding<Component>> = mutableListOf()
-
-    /**
-     * Binds a [feature factory][FeatureFactory] for a specific [key][type].
-     *
-     * @param type The class which describes the [key][Key].
-     * @param featureFactory Feature factory that provides state observable and view rendering logic.
-     * @param toDependencies Maps [Component] to feature factory [dependencies][Dependencies].
-     */
-    fun <Dependencies, Key : FragmentKey> bind(
-        type : KClass<Key>,
-        featureFactory: FeatureFactory<Dependencies, Key>,
-        toDependencies: (Component) -> Dependencies
-    ) = apply {
-        val binding = FeatureBinding(type.java, featureFactory, toDependencies)
-        bind(binding as Binding<Component>)
-    }
+    private val bindings: MutableList<FeatureBinding<Component, *>> = mutableListOf()
 
     /**
      * Binds a [feature factory][FeatureFactory] for a specific [key][type].
@@ -49,13 +30,14 @@ class FragmentStoreBuilder<Component> {
      */
     fun <Key : FragmentKey> bind(
         type : KClass<Key>,
-        featureFactory: FeatureFactory<Component, Key>
+        featureFactory: FeatureFactory<Component, Key>,
     ) = apply {
-        bind(type, featureFactory, FunctionUtils.identity())
+        val binding = FeatureBinding(type.java, featureFactory)
+        bind(type.java, binding)
     }
 
     /**
-     * A convenience inline function that binds a feature factory for a specific [key][Key].
+     * Binds a feature factory for a [Key].
      *
      * @param featureFactory Feature factory that provides state observable and view rendering logic.
      */
@@ -65,22 +47,6 @@ class FragmentStoreBuilder<Component> {
         bind(Key::class, featureFactory)
     }
 
-    /**
-     * A convenience inline function that binds a feature factory for a specific [key][Key].
-     *
-     * @param featureFactory Feature factory that provides state observable and view rendering logic.
-     */
-    inline fun <reified Key: FragmentKey> bind(
-        crossinline initFeature: (Component, Key) -> Feature,
-    ) = apply {
-        val factory = object : FeatureFactory<Component, Key> {
-            override fun initialize(dependencies: Component, key: Key): Feature {
-                return initFeature(dependencies, key)
-            }
-        }
-        bind(Key::class, factory)
-    }
-
     /**
      * A convenience inline function that binds a feature factory for a specific [key][Key].
      *
@@ -91,18 +57,19 @@ class FragmentStoreBuilder<Component> {
         featureFactory: FeatureFactory<Dependencies, Key>,
         noinline toDependencies: (Component) -> Dependencies
     ) = apply {
-        bind(Key::class, featureFactory, toDependencies)
+        val mapped = MappedFeatureFactory(
+            delegate = featureFactory,
+            toDependencies = toDependencies,
+        )
+        bind(Key::class, mapped)
     }
 
     @PublishedApi
-    internal fun build(): Bindings<Component> {
-        return Bindings(
-            bindings = bindings
-        )
+    internal fun build(): List<FeatureBinding<Component, *>> {
+        return bindings
     }
 
-    private fun bind(binding: Binding<Component>) = apply {
-        val type = binding.type()
+    private fun bind(type: Class<*>, binding: FeatureBinding<Component, *>) = apply {
         if (types.contains(type)) {
             throw IllegalStateException("Binding for $type already exists")
         }
diff --git a/formula-android/src/main/java/com/instacart/formula/android/internal/Binding.kt b/formula-android/src/main/java/com/instacart/formula/android/internal/Binding.kt
deleted file mode 100644
index 8d630ff8e..000000000
--- a/formula-android/src/main/java/com/instacart/formula/android/internal/Binding.kt
+++ /dev/null
@@ -1,31 +0,0 @@
-package com.instacart.formula.android.internal
-
-import com.instacart.formula.FormulaContext
-import com.instacart.formula.android.FeatureEvent
-import com.instacart.formula.android.FragmentEnvironment
-import com.instacart.formula.android.FragmentId
-
-/**
- * Defines how specific keys bind to the state management associated
- */
-@PublishedApi
-internal abstract class Binding<in ParentComponent> {
-    data class Input<out Component>(
-        val environment: FragmentEnvironment,
-        val component: Component,
-        val activeFragments: List<FragmentId>,
-        val onInitializeFeature: (FeatureEvent) -> Unit,
-    )
-
-    internal abstract fun type():  Class<*>
-
-    /**
-     * Returns true if this binding handles this [key]
-     */
-    internal abstract fun binds(key: Any): Boolean
-
-    /**
-     * Listens for active key changes and triggers [Input.onStateChanged] events.
-     */
-    internal abstract fun bind(context: FormulaContext<*, *>, input: Input<ParentComponent>)
-}
diff --git a/formula-android/src/main/java/com/instacart/formula/android/internal/Bindings.kt b/formula-android/src/main/java/com/instacart/formula/android/internal/Bindings.kt
deleted file mode 100644
index ebb388ed6..000000000
--- a/formula-android/src/main/java/com/instacart/formula/android/internal/Bindings.kt
+++ /dev/null
@@ -1,6 +0,0 @@
-package com.instacart.formula.android.internal
-
-@PublishedApi
-internal class Bindings<in Component>(
-    val bindings: List<Binding<Component>>
-)
diff --git a/formula-android/src/main/java/com/instacart/formula/android/internal/CompositeBinding.kt b/formula-android/src/main/java/com/instacart/formula/android/internal/CompositeBinding.kt
deleted file mode 100644
index 8d681d45c..000000000
--- a/formula-android/src/main/java/com/instacart/formula/android/internal/CompositeBinding.kt
+++ /dev/null
@@ -1,52 +0,0 @@
-package com.instacart.formula.android.internal
-
-import com.instacart.formula.Evaluation
-import com.instacart.formula.FormulaContext
-import com.instacart.formula.Snapshot
-import com.instacart.formula.StatelessFormula
-import com.instacart.formula.android.internal.Binding.Input
-
-/**
- * Defines how a group of keys should be bound to their integrations.
- *
- * @param ParentComponent A component associated with the parent. Often this will map to the parent dagger component.
- * @param ScopedComponent A component that is initialized when user enters this flow and is shared between
- *                  all the screens within the flow. Component will be destroyed when user exists the flow.
- */
-@PublishedApi
-internal class CompositeBinding<ScopedComponent>(
-    private val component: ScopedComponent,
-    private val bindings: List<Binding<ScopedComponent>>
-) {
-
-    private val formula = object : StatelessFormula<Input<Unit>, Unit>() {
-        override fun key(input: Input<Unit>): Any = this
-
-        override fun Snapshot<Input<Unit>, Unit>.evaluate(): Evaluation<Unit> {
-            val childInput = Input(
-                environment = input.environment,
-                component = component,
-                activeFragments = input.activeFragments,
-                onInitializeFeature = input.onInitializeFeature,
-            )
-            bindings.forEachIndices {
-                it.bind(context, childInput)
-            }
-            return Evaluation(
-                output = Unit,
-            )
-        }
-    }
-
-
-    fun binds(key: Any): Boolean {
-        bindings.forEachIndices {
-            if (it.binds(key)) return true
-        }
-        return false
-    }
-
-    fun bind(context: FormulaContext<*, *>, input: Input<Unit>) {
-        context.child(formula, input)
-    }
-}
diff --git a/formula-android/src/main/java/com/instacart/formula/android/internal/FeatureBinding.kt b/formula-android/src/main/java/com/instacart/formula/android/internal/FeatureBinding.kt
index 4aba834d1..fd4e7732e 100644
--- a/formula-android/src/main/java/com/instacart/formula/android/internal/FeatureBinding.kt
+++ b/formula-android/src/main/java/com/instacart/formula/android/internal/FeatureBinding.kt
@@ -1,67 +1,12 @@
 package com.instacart.formula.android.internal
 
-import com.instacart.formula.Action
-import com.instacart.formula.Evaluation
-import com.instacart.formula.Formula
-import com.instacart.formula.FormulaContext
-import com.instacart.formula.Snapshot
 import com.instacart.formula.android.FeatureFactory
 import com.instacart.formula.android.FragmentKey
-import com.instacart.formula.android.FeatureEvent
 
 /**
- * Defines how a specific key should be bound to its [FeatureFactory],
+ * Defines how a specific key should be bound to its [FeatureFactory]
  */
-internal class FeatureBinding<in Component, in Dependencies, in Key : FragmentKey>(
-    private val type: Class<Key>,
-    private val feature: FeatureFactory<Dependencies, Key>,
-    private val toDependencies: (Component) -> Dependencies
-) : Binding<Component>() {
-
-    private val formula = object : Formula<Input<Component>, Unit, Unit>() {
-        override fun key(input: Input<Component>): Any = type
-
-        override fun initialState(input: Input<Component>) = Unit
-
-        override fun Snapshot<Input<Component>, Unit>.evaluate(): Evaluation<Unit> {
-            return Evaluation(
-                output = state,
-                actions = context.actions {
-                    input.activeFragments.forEachIndices { fragmentId ->
-                        val key = fragmentId.key
-                        if (binds(key)) {
-                            Action.onData(fragmentId).onEvent {
-                                transition {
-                                    try {
-                                        val dependencies = toDependencies(input.component)
-                                        val feature = input.environment.fragmentDelegate.initializeFeature(
-                                            fragmentId = fragmentId,
-                                            factory = feature,
-                                            dependencies = dependencies,
-                                            key = key as Key,
-                                        )
-                                        input.onInitializeFeature(FeatureEvent.Init(fragmentId, feature))
-                                    } catch (e: Exception) {
-                                        input.onInitializeFeature(FeatureEvent.Failure(fragmentId, e))
-                                    }
-                                }
-                            }
-                        }
-                    }
-                }
-            )
-        }
-    }
-
-    override fun type(): Class<*> {
-        return type
-    }
-
-    override fun binds(key: Any): Boolean {
-        return type.isInstance(key)
-    }
-
-    override fun bind(context: FormulaContext<*, *>, input: Input<Component>) {
-        context.child(formula, input)
-    }
-}
+class FeatureBinding<in Component, Key : FragmentKey>(
+    val type: Class<Key>,
+    val feature: FeatureFactory<Component, Key>,
+)
diff --git a/formula-android/src/main/java/com/instacart/formula/android/internal/FragmentFlowStoreFormula.kt b/formula-android/src/main/java/com/instacart/formula/android/internal/FragmentFlowStoreFormula.kt
new file mode 100644
index 000000000..7b2bfb3c6
--- /dev/null
+++ b/formula-android/src/main/java/com/instacart/formula/android/internal/FragmentFlowStoreFormula.kt
@@ -0,0 +1,135 @@
+package com.instacart.formula.android.internal
+
+import com.instacart.formula.Evaluation
+import com.instacart.formula.Formula
+import com.instacart.formula.Snapshot
+import com.instacart.formula.android.FeatureEvent
+import com.instacart.formula.android.FeatureFactory
+import com.instacart.formula.android.FragmentEnvironment
+import com.instacart.formula.android.FragmentFlowState
+import com.instacart.formula.android.FragmentId
+import com.instacart.formula.android.FragmentKey
+import com.instacart.formula.android.FragmentState
+import com.instacart.formula.android.events.FragmentLifecycleEvent
+import com.instacart.formula.rxjava3.RxAction
+import com.jakewharton.rxrelay3.PublishRelay
+
+@PublishedApi
+internal class FragmentFlowStoreFormula<in Component>(
+    private val component: Component,
+    private val bindings: List<FeatureBinding<Component, *>>,
+) : Formula<FragmentEnvironment, FragmentFlowState, FragmentFlowState>(){
+    private val lifecycleEvents = PublishRelay.create<FragmentLifecycleEvent>()
+    private val visibleContractEvents = PublishRelay.create<FragmentId>()
+    private val hiddenContractEvents = PublishRelay.create<FragmentId>()
+
+    private val lifecycleEventStream = RxAction.fromObservable { lifecycleEvents }
+    private val visibleContractEventStream = RxAction.fromObservable { visibleContractEvents }
+    private val hiddenContractEventStream = RxAction.fromObservable { hiddenContractEvents }
+
+    fun onLifecycleEffect(event: FragmentLifecycleEvent) {
+        lifecycleEvents.accept(event)
+    }
+
+    fun onVisibilityChanged(contract: FragmentId, visible: Boolean) {
+        if (visible) {
+            visibleContractEvents.accept(contract)
+        } else {
+            hiddenContractEvents.accept(contract)
+        }
+    }
+
+    override fun initialState(input: FragmentEnvironment): FragmentFlowState = FragmentFlowState()
+
+    override fun Snapshot<FragmentEnvironment, FragmentFlowState>.evaluate(): Evaluation<FragmentFlowState> {
+        return Evaluation(
+            output = state,
+            actions = context.actions {
+                lifecycleEventStream.onEvent { event ->
+                    val fragmentId = event.fragmentId
+                    when (event) {
+                        is FragmentLifecycleEvent.Removed -> {
+                            val updated = state.copy(
+                                activeIds = state.activeIds.minus(fragmentId),
+                                states = state.states.minus(fragmentId),
+                                features = state.features.minus(fragmentId)
+                            )
+                            transition(updated)
+                        }
+                        is FragmentLifecycleEvent.Added -> {
+                            if (!state.activeIds.contains(fragmentId)) {
+                                val feature = initFeature(input, fragmentId)
+                                val updated = state.copy(
+                                    activeIds = state.activeIds.plus(fragmentId),
+                                    features = state.features.plus(feature.id to feature)
+                                )
+                                transition(updated)
+                            } else {
+                                none()
+                            }
+                        }
+                    }
+                }
+
+                visibleContractEventStream.onEvent {
+                    if (state.visibleIds.contains(it)) {
+                        // TODO: should we log this duplicate visibility event?
+                        none()
+                    } else {
+                        transition(state.copy(visibleIds = state.visibleIds.plus(it)))
+                    }
+                }
+
+                hiddenContractEventStream.onEvent {
+                    transition(state.copy(visibleIds = state.visibleIds.minus(it)))
+                }
+
+                state.features.entries.forEach { entry ->
+                    val fragmentId = entry.key
+                    val feature = (entry.value as? FeatureEvent.Init)?.feature
+                    if (feature != null) {
+                        val action = FeatureObservableAction(
+                            fragmentEnvironment = input,
+                            fragmentId = fragmentId,
+                            feature = feature,
+                        )
+                        action.onEvent {
+                            if (state.activeIds.contains(fragmentId)) {
+                                val keyState = FragmentState(fragmentId.key, it)
+                                transition(state.copy(states = state.states.plus(fragmentId to keyState)))
+                            } else {
+                                none()
+                            }
+                        }
+                    }
+                }
+            }
+        )
+    }
+
+    private fun initFeature(
+        environment: FragmentEnvironment,
+        fragmentId: FragmentId,
+    ): FeatureEvent {
+        val initialized = try {
+            bindings.firstNotNullOfOrNull { binding ->
+                if (binding.type.isInstance(fragmentId.key)) {
+                    val featureFactory = binding.feature as FeatureFactory<Component, FragmentKey>
+                    val feature = environment.fragmentDelegate.initializeFeature(
+                        fragmentId = fragmentId,
+                        factory = featureFactory,
+                        dependencies = component,
+                        key = fragmentId.key,
+                    )
+                    FeatureEvent.Init(fragmentId, feature)
+                } else {
+                    null
+                }
+            }
+        } catch (e: Exception) {
+            FeatureEvent.Failure(fragmentId, e)
+        }
+
+        return initialized ?: FeatureEvent.MissingBinding(fragmentId)
+    }
+}
\ No newline at end of file
diff --git a/formula-android/src/main/java/com/instacart/formula/android/internal/FunctionUtils.kt b/formula-android/src/main/java/com/instacart/formula/android/internal/FunctionUtils.kt
deleted file mode 100644
index 14c8adf26..000000000
--- a/formula-android/src/main/java/com/instacart/formula/android/internal/FunctionUtils.kt
+++ /dev/null
@@ -1,7 +0,0 @@
-package com.instacart.formula.android.internal
-
-internal object FunctionUtils {
-    fun <C> identity(): (C) -> C {
-        return { it }
-    }
-}
\ No newline at end of file
diff --git a/formula-android/src/main/java/com/instacart/formula/android/internal/MappedFeatureFactory.kt b/formula-android/src/main/java/com/instacart/formula/android/internal/MappedFeatureFactory.kt
new file mode 100644
index 000000000..ca061e7c2
--- /dev/null
+++ b/formula-android/src/main/java/com/instacart/formula/android/internal/MappedFeatureFactory.kt
@@ -0,0 +1,18 @@
+package com.instacart.formula.android.internal
+
+import com.instacart.formula.android.Feature
+import com.instacart.formula.android.FeatureFactory
+import com.instacart.formula.android.FragmentKey
+
+@PublishedApi
+internal class MappedFeatureFactory<Component, Dependencies, Key : FragmentKey>(
+    private val delegate: FeatureFactory<Dependencies, Key>,
+    private val toDependencies: (Component) -> Dependencies,
+) : FeatureFactory<Component, Key> {
+    override fun initialize(dependencies: Component, key: Key): Feature {
+        return delegate.initialize(
+            dependencies = toDependencies(dependencies),
+            key = key,
+        )
+    }
+}
\ No newline at end of file
diff --git a/formula-android/src/test/java/com/instacart/formula/android/internal/FunctionUtilsTest.kt b/formula-android/src/test/java/com/instacart/formula/android/internal/FunctionUtilsTest.kt
deleted file mode 100644
index 6ed280f0c..000000000
--- a/formula-android/src/test/java/com/instacart/formula/android/internal/FunctionUtilsTest.kt
+++ /dev/null
@@ -1,14 +0,0 @@
-package com.instacart.formula.android.internal
-
-import com.google.common.truth.Truth
-import org.junit.Test
-
-class FunctionUtilsTest {
-
-    @Test
-    fun `identity is optimized to return the same value`() {
-        val stringIdentity = FunctionUtils.identity<String>()
-        val intIdentity = FunctionUtils.identity<Int>()
-        Truth.assertThat(stringIdentity).isEqualTo(intIdentity)
-    }
-}
\ No newline at end of file