Mellow

Modular Institutional Vaults Platform
//ALM acc: @mellowalm

[Mellow @mellowprotocol]

Imagine building your own institutional-grade yield engine – custody intact, risk isolated, execution spanning both DeFi and CEXes.

Where adding protocols don’t require endless code, new adapters, or patching dashboards.

That’s Core Vaults by Mellow. And they’re live today.

[Mellow @mellowprotocol]

Assets moved onchain. Settlement caught up. The management layer is the part still being built.

It's also what lets a fintech ship their product without building vault infrastructure from scratch.

It's the layer Mellow runs.

https://t.co/MKA2SJf1lm

[Mellow @mellowprotocol]

Behind every earn product is a vault, but most people picture it as a yield wrapper.

It's like calling a bank a place to park cash – technically true but it misses the point completely.

Yield is just the output. The real job is managing capital under a mandate.

[Mellow @mellowprotocol]

The partner owns the customer and the brand. Mellow runs the vault layer underneath.

Same infrastructure powers embedded Earn, stablecoin treasury, RWA allocation, ecosystem vaults, meta-vaults, and agentic execution.

[Mellow @mellowprotocol]

Three of the conversations shaping onchain finance are happening in NYC in early June.

June 3 – @AgenticSummit
June 5 – @Vault__Summit
June 8–10 – @ETHGlobal NYC

The Mellow team will be at all three.

Find us there or drop a line to connect.

[Mellow @mellowprotocol]

https://t.co/1kASSaJvWq

[Mellow @mellowprotocol]

https://t.co/13FMjYKD5W

[Mellow @mellowprotocol]

CLARITY Act does not suddenly make onchain finance “solved.”

But it does push the market toward a world where structured strategy infrastructure becomes far more important than simple yield distribution.

Most of that transition still sits ahead.

[Mellow @mellowprotocol]

For fintechs, asset issuers, wallets, and allocators exploring onchain Earn products, the conversation starts shifting.

Less: “can we offer yield?”

More: “can we prove where returns come from, how strategies execute, and how risk is constrained?”

[Mellow @mellowprotocol]

This is the direction Mellow built Core Vaults for from the beginning.

Not as yield wrappers, but as structured onchain strategy infrastructure where execution, permissions, and constraints are enforced directly at the vault level.

[Mellow @mellowprotocol]

The distinction becoming clearer is simple:

Returns tied to actual onchain activity and defined strategies are easier to structure and defend than products that look like interest paid on idle stablecoin balances.

That changes the infrastructure requirements underneath.

[Mellow @mellowprotocol]

CLARITY Act passing the committee vote last week meant a lot for token classifications.

But the more interesting shift may be what it means for onchain Earn products and stablecoin yield infrastructure.

That part of the market may end up changing much more than people expect.

[Mellow @mellowprotocol]

Deposits and withdrawals are now fully available through the standard interface. Liquidity for withdrawals is staged.

A separate post-mortem covering the timeline, operational decisions, ecosystem coordination, and lessons learned will follow shortly.

[Mellow @mellowprotocol]

The vault infrastructure itself remained operational during the entire event.

No Mellow smart contracts or Core Vault infrastructure were compromised. Other vaults on Mellow were not affected by the incident.

[Mellow @mellowprotocol]

During the incident, Mellow and Lido teams were focused on preserving orderly vault operations under stressed market conditions.

Positions were actively deleveraged, high-rate debt was refinanced into lower-cost venues, both vaults are now net positive.

[Mellow @mellowprotocol]

stRATEGY Vault and @LidoFinance's EarnETH MetaVault on Mellow have resumed normal deposit and withdrawal operations following the coordinated recovery process around the rsETH incident and the affected Aave positions.

Vaults are now operating under standard conditions again.

[Mellow @mellowprotocol]

Over the past weeks, @aave's governance executed controlled liquidation procedures for the exploiter’s positions, @KelpDAO resumed rsETH operations, and @LayerZero_Core infrastructure migration steps were initiated as part of the broader resolution path.