Mellow (Mellow Finance) offers modular liquid restaking infrastructure. Rather than a single token, it supports customizable restaking vaults that let curators build tailored restaking strategies, issued as liquid tokens.
What does modular restaking mean?
Instead of one fixed product, Mellow provides building blocks so different vaults can restake assets under different parameters and risk profiles. Our data records it across 5 chains with about $26.1M in total value locked, a track record near 2.2 years, and app latency around 321ms. The multi-chain reach is notable for its size.
The important consequence of modularity is that there is no single Mellow risk profile. A conservative vault and an aggressive one can live under the same brand while behaving very differently, so a rating of the overall protocol tells you less than usual about any specific position. You have to evaluate the individual vault you intend to use, including who curates it and what it restakes into.
Risks and an audit gap
Our review did not record a completed third-party audit for this entry, so confirm current audit coverage before using any vault. Modularity adds flexibility but also complexity: each vault has its own strategy, operators and contract surface, and outcomes depend on how a given vault is configured. Standard restaking hazards apply too, extra slashing, depeg of liquid tokens, and the newness of the sector. There is no public status page in our data.
Who is it for?
- Advanced users and curators who want flexible, customizable restaking rather than a one-size product.
- Users prepared to research each vault's operators, strategy and contracts individually.
It is not for beginners who want a single, simple token, or anyone who prefers audited, large-scale protocols with a long track record. The flexibility that makes Mellow interesting is also what makes it demanding: the burden of judging risk shifts onto you and the vault curator you choose to trust.
Our rating
Mellow scores 5.00/10 and ranks 10/15 in our liquid restaking category. Broad chain reach helps, but the missing audit record, small scale, slower latency and lack of a status page weigh it down. We do not track yields, fees or market cap; review each vault's terms directly.