1/ 🧵

Mellow is building a permissionless, modular platform for structured products with onchain yield.

Our mission: to create foundational primitives that unlock maximum market value for users and eliminate entry barriers.

We invite you to explore how we plan to do that👇 2/ Read the full article, or dive in right here!

mellowprotocol.substack.com/p/mellow-visio…

Big News: Mellow and @symbioticfi points for DeFi integrations are live! 🥳

Here is what you need to know:

— you can see points by accessing the DeFi folder on the website
— we're finalizing the points for Equilibria, Marginly, Silo, Spectra, and Gearbox You can also view the total up-to-date points for a single LRT on its dedicated page 👀

Why the delay?

Building the system took some time because Mellow devs have done it from scratch:

A Restaking Vertical includes multiple players, each with their own technical burdens. AVSes/Networks want easy integrations, restakers want safety and better yields, while "someone" needs to manage the pieces in-between... but how? - Article link is in the last tweet.

tldr ⤵️🧵 Some might want pooled risks in favor of higher yields, some would benefit from complete risk isolation. The goal is to create a level playing field where all the modular pieces can be plug-and-play both for networks and for their operators. That's what Mellow is about.

Renzo Protocol joins as a new risk curator 🫂
Using Mellow's modular stack, @RenzoProtocol creates a new LRT on top of @symbioticfi 📑

Great to see Renzo bringing their experience and utilizing Mellow Protocol! Renzo is one of the biggest restaking projects with over $3 billion in liquid restaking TVL.

By using our modular stack, they can create risk-adjusted LRTs faster and easier. And you can already find the first LRT Renzo on the Mellow platform!

Mellow Protocol brings to life the new collaboration between @ethena_labs and @symbioticfi!

As part of this engagement, we are opening two new LRT vaults and announcing a new risk curator.

Let's get to the details! @LayerZero_Labs @Re7Capital @MEVCapital @k3_capital Now you can get rewards for staking $ENA in Mellow:

🔵 30x ENA multiplier;
🔵 Symbiotic points;
🔵 Mellow points;
🔵 Future potential LayerZero RFP allocations (if allocated to Ethena).

DeFi integrations for Mellow LRTs are coming in! Today is all about the @pendle_fi collaboration.

There are 4 new pools launching for each of our current LRTs and curators: @SteakhouseFi @P2Pvalidator @Re7Capital @MEVCapital

And, of course, more points 🧵 Pendle’s permissionless yield-trading protocol allows users to execute various yield-management and points-management strategies. Depending on whether you want fixed rates or points instead, you can choose from PTs, YTs, or even LPing with your Mellow LRTs.

Holders of amphrETH here? We have some news for you 🗞️

@spectra_finance launched a pool for @Amphor_io's amphrETH LRT (curated by @MEVCapital).

This integration provides utility for amphrETH, allowing users to trade and hedge LRT yield 🧵/1 @spectra_finance is an EVM-centric protocol for interest rate derivatives with an easy-to-use flagship app. Their protocol is permissionless, meaning its services are entirely open for public use.

We've hit $100,000,000 TVL on Mellow in less than 24 hours. Now that we've come to the end of the first week after the launch, here are some first results. Of course, in numbers.

🧵/1 On July 11, Mellow launched with its first 4 curators: @SteakhouseFi @P2Pvalidator @Re7Capital @MEVCapital.

Right now, Mellow has 31,614 Total wstETH restaked and $126,030,735 TVL at the current rate.

Here are the metrics of each curator + their share of total TVL:

🔵 It's official: @Re7Capital joins Mellow as a curator 👥

Re7 will utilize Mellow modular LRT infrastructure to create their own risk-adjusted LRTs, servicing sophisticated institutional LPs alongside individual LPs 📑

Re7 is bringing their expertise to the Mellow ecosystem 👇 There are 400 possible positions of a chessboard after 1 move of white and black, and over 318 billion after four moves 🤯

Now the question. How many risk options does LRT have right now? Is there only one? 🥲

But we have a chance to checkmate with Re7 ♟️🥇

A new curator means new opportunities 🥂 This is why we're happy to introduce you to Mellow's new partner - @P2Pvalidator 🫂

Using Mellow’s modular infrastructure, they will build their own LRTs according to their experience and approach to risks

🧵/1 What's important to know about P2P? 🤔 Basically:

Since launching, P2P has managed $7.5+ billion in staked assets across 90k investors and 50+ unique blockchain networks + now it's one of the top-3 NCS providers.

Additionally, they share their thoughts on current market trends:

https://twitter.com/1036942890340151296/status/1778388967940902972

Our new risk curator and partner 🫂

Welcome @SteakhouseFi into the Mellow ecosystem! Steakhouse is bringing their expertise in staking and risk curation to Mellow

🥩 How do you like your steak? Medium, raw, or well-done? Well… That's why Mellow modular infrastructure is the perfect fit for different risk-adjusted models. Some like it raw, some like it medium, and it's up to risk curators and LPs to find the balance.

We don't judge (unless you actually like well-done steak) 👀

✨Mellow Protocol is getting closer to the launch and we're stepping out of the shadows🌚 We prepared an article with a development recap and details about our seed round🌱 led by @robotventures @arringtonXRPcap and @paraficapital mellowprotocol.medium.com/announcement-o… And we're super excited to work with leading angels, builders and industry big brains👀🧠
P2P Capital
@Lemniscap
@fcslabs
@PrincipleVC
@primitivecrypto
Nemo ventures @angelomint
@Darrenlautf
@Daryllautk
@santiagoroel
@_jamiis
@barinov
@ivangbi_
@nanexcool
@bigmagicdao

Hello there, no time for the pleasantries, let’s talk @Uniswap V3 math! We're going to deep dive into how liquidity provision works in Uniswap v3 and how you can align the portfolio so that your LP position yields the maximum fees while reducing IL 🦄🧮
mellowprotocol.medium.com/uniswap-v3-liq… So, what’s different from UniV2?

On Uni V2 it’s a simple task: you always should swap one token to another on a 50/50 basis. If the liquidity provider wants to utilize their tokens to the full, they first must trade their tokens so that y / x = p and then put them into the pool.