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Mellow Protocol

Last updated: Dec 01, 2022

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

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Overview

Project industry	Finance Services & Banking
Product type	Protocol
Whitepaper	Open

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.