Mellow Protocol is developing a permissionless vaults platform that automates liquidity rebalancing, including a first strategy contract, developer documentation, and a production-ready UI. The team open-sourced a backtesting SDK, built data infrastructure for rapid on-chain research, and performed internal tests including L2 live deployments. Operational readiness includes audits completed with ChainSecurity, BlockSec, and Cod34r3n4, plus published content on LPing, vault architecture, and strategies. The project launched a Discord community and has expanded its core team to 12 people. Upcoming plans focus on a guarded Mainnet launch of initial strategies, integrations and further L2 deployments, a strategist UI, and a V2 design. Financially, Mellow closed a $2.75 million seed round in August 2021 to develop and bootstrap the Protocol.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2022