Permissionless infrastructure for institutional vaults and onchain yield — built on Ethereum.
Browse curated vaults on the Mellow Protocol platform. Each vault lists the underlying assets, curators, APY, and TVL in real time.
Any EVM-compatible wallet works. The protocol is permissionless — no accounts, no KYC.
Send ETH, wstETH, USDC, cbBTC, or another supported token. The vault issues you a receipt token representing your share.
Curators allocate capital across strategies. APY reflects a 7-day moving average. Points accrue hourly on top of base returns.
Redeem receipt tokens for the underlying asset. Withdrawal timing depends on vault-specific parameters set by the curator.
Six independent security firms — OpenZeppelin, ChainSecurity, StateMind, Sherlock, Decurity, and Nethermind — have reviewed Mellow Protocol's protocol code. That is not typical in this space.
The Mellow Protocol protocol separates infrastructure from strategy. Curators manage risk allocation; depositors retain on-chain custody. Neither side depends on the other's trust.
Vaults run on Ethereum mainnet, Mezo, and Rootstock. Bitcoin holders can now participate without bridging to a non-Bitcoin chain.
TVL, APY, curator identity, and vault parameters are readable on-chain at any time. No hidden fees or opaque rebalancing.
Any team can deploy a vault on the Mellow Protocol protocol. Institutional curators and independent developers operate side by side.
Deposits produce standard ERC-20 tokens (earnETH, earnUSD, DVstETH, and others). These are transferable and composable with other Ethereum protocols.
Depositors pick curators based on track record and strategy type. Competition among curators keeps fees reasonable.
Dedicated restaking vaults integrate with liquid staking and restaking layers. Validators earn staking rewards plus additional incentive layers.
0.00025 Mellow Protocol points per hour per $1 of deposited value. Points accumulate on top of APY and do not affect the base yield calculation.
cbBTC and RBTC vaults let Bitcoin holders earn yield without wrapping to a synthetic. Mezo BTC Vault currently shows 27 % APY.
Technical specs, risk disclosures, and formula breakdowns live at ERC-20 standard context and the Mellow Protocol docs site.
Mellow Protocol is a permissionless protocol for building institutional-grade onchain vaults on Ethereum. Curators deploy yield strategies. Depositors receive ERC-20 receipt tokens representing their share.
Connect an EVM-compatible wallet to the Mellow Protocol platform, pick a vault that matches your risk tolerance, and confirm the deposit transaction. No account creation or KYC is needed.
Mellow Protocol's smart contracts have been reviewed by six firms: OpenZeppelin, ChainSecurity, StateMind, Sherlock, Decurity, and Nethermind. Audit reports are publicly available. No protocol is risk-free, but these audits set a high bar.
Supported assets include ETH, wstETH, USDC, cbBTC, and RBTC. Specific assets depend on the vault and network. The EarnETH vault alone holds over 110 000 ETH.
Yes. The protocol is fully permissionless. Individual wallet holders and institutions interact with the same contracts. Minimum deposit amounts vary by vault.
The Mellow Protocol platform separates vault infrastructure from curator strategy. This means professional risk managers can compete for your capital while the protocol enforces on-chain rules neither party can override.
Vaults are live on Ethereum mainnet, Mezo, and Rootstock (RSK). Ethereum mainnet vaults hold the majority of TVL. Rootstock vaults let RBTC holders earn yield natively. More networks are planned for 2026.
More detailed answers at /questions. Protocol background at /info.