Mellow Protocol

Mellow Protocol is a permissionless framework for launching and curating modular LRTs (Liquid Restaking Tokens). It provides a suite of smart contracts and vault configurations that allow institutions, curators, and developers to create and manage LRTs based on customized risk exposure and validator selection. These vaults dynamically adjust allocation strategies to optimize for yield while balancing slashing and liquidity risks.

The architecture consists of smart contracts like MellowSymbioticVault, VaultConfigurator, and SymbioticWithdrawalQueue, which support both immediate and delayed withdrawals via a two-step request and claim mechanism. This design enables a modular restaking layer where curators can control validator sets, set participation limits, and integrate fee logic. These contracts have been audited by leading firms including OpenZeppelin, Statemind, Sherlock, and ChainSecurity, reinforcing Mellow’s commitment to safe protocol design.

Mellow Protocol integrates with major assets like wstETH, ETH, WBTC, USDC, tBTC, and others to support restaking for various AVSes. The system allows risk curators to define their own validator configurations and set fees on yield, providing users with complete visibility into the vault’s structure. Vaults are ERC-4626 compatible and support queued and emergency withdrawals, claimable rewards, and loyalty points.

In the competitive space of restaking and modular liquid staking infrastructure, Mellow stands out from protocols like EigenLayer, Stader Labs, and SSV Network by offering full permissionless deployment of LRTs with customizable validator configurations. Unlike EigenLayer's centralized whitelisting or SSV's limited delegation models, Mellow offers fully open LRT deployment, curator incentives via loyalty points, and seamless DeFi integrations, empowering builders with unmatched flexibility.

Additional value is created through the Mellow ALM (Active Liquidity Management) division, which focuses on building vault-based products to maximize capital efficiency within the DeFi ecosystem. Future releases plan to include automated rebalancing strategies and more integrations with AVSes, offering even finer control over yield optimization and risk curation.

Mellow Protocol provides powerful features and advantages for users, curators, and institutions building within the liquid restaking ecosystem:

• Permissionless LRT Creation: Anyone can deploy custom Liquid Restaking Tokens (LRTs) using Mellow’s audited vault architecture, eliminating gatekeeping and central control.
• Custom Risk Curation: Curators have full control to choose AVSes, define validator sets, and configure vault parameters that reflect specific risk/yield profiles.
• Wide Asset Support: Mellow supports a diverse range of ERC-20 tokens like wstETH, ETH, WBTC, tBTC, sUSDe, ENA, and more—expanding access to restaking opportunities.
• Modular Architecture: Vaults are ERC-4626 compatible and integrate seamlessly with DeFi protocols, including idle vaults for liquidity buffering and curated reward farms.
• Loyalty & Partner Points: Users earn Mellow Points and Symbiotic Points based on TVL and duration of stake, incentivizing long-term engagement and alignment with partner protocols.
• Dual Withdrawal Models: Offers both instant and queued withdrawals using SymbioticWithdrawalQueue, ensuring operational efficiency and slashing protection.
• Audited & Secure: Mellow smart contracts have passed rigorous security audits from OpenZeppelin, Statemind, Chainsecurity, and Sherlock.
• Developer Friendly: Built for extensibility with robust developer docs, GitHub access, and integration options via modular vault contracts. Start building at Mellow Protocol.

Mellow Protocol offers a flexible and intuitive experience for restaking your assets and earning yield through curated LRTs:

• Visit the Platform: Go to Mellow Protocol and click “Restake Now” to launch the dApp. Connect your Ethereum-compatible wallet.
• Choose an LRT: Browse a list of available vaults curated by industry professionals. Review each vault’s TVL, curator, reward model, and risk framework.
• Select an Asset: Choose from supported tokens like wstETH, ETH, sUSDe, WBTC and more depending on the vault’s configuration.
• Deposit Funds: Enter the amount and approve the token in your wallet. Confirm the deposit to receive your LRT tokens.
• Track Earnings: Monitor your Mellow Points, Symbiotic Points, and vault APRs from your dashboard. Points update hourly and bi-weekly depending on the program.
• Withdraw Assets: Use the two-step withdrawal interface to request and later claim funds. Emergency withdrawal is also available with manual parameters for advanced users.
• Earn as a Curator: Launch your own vault with Mellow’s factory contract. Set risk exposure, earn curator fees, and collect loyalty points. Start at Mellow Protocol.