Mellow Protocol

Mellow protocol creates products that increase DeFi ecosystem efficiency. This is the future of optimal cross-protocol multi-token liquidity allocation. Their goal is to eliminate market inefficiency and increase composability of DeFi.

Seed Round $2.75 Million

Whitepaper

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What is Mellow Protocol

Mellow permissionless vaults is a set of smart contracts that allows anyone to create a multi-ERC20 token Vault and a Strategy on top of different DeFi protocols (like Uniswap, Yearn, etc.) and blockchains (like Ethereum, Optimism, etc.)

There are three types of actors using permissionless vaults:

• Liquidity provider provides liquidity into Vaults to earn profits
• Strategist manages liquidity in the Vaults by distributing it among different DeFi protocols. Typically Strategist would create a Strategy smart contract that transparently manages Vault liquidity. However, Strategy can also be an offline algorithm or manual liquidity management.
• Governance manages common protocol parameters

Vaults are smart contracts that put liquidity into different underlying protocols. The underlying protocol could be some well-known DeFi protocol like Uniswap, Sushiswap, Yearn, Compound, etc., or another Vault.