Liquidity collateral platform Mellow collaborates with Symbiotic to launch
The liquidity heavy pledge project Mellow launched today, it will become the "flagship project" of the just-launched Symbiotic project. Mellow describes itself as a "modular infrastructure for creating LRT", providing various permissionless insurance vault smart contracts, giving depositors a certain degree of choice when re-pledging. Mellow was established in 2020 and is supported by Cypher.fund and core members of Lido. Their first fundraising event took place in 2021, led by Arrington Capital, ParaFi and Robot VC (Lemniscap, Primitive and other VCs as well as OG angel investors also participated).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sony Bank to Issue US Dollar-Pegged Stablecoin in the United States
USDC Treasury burns 60 million USDC on the Ethereum network
Data: Bitcoin faces resistance and pulls back at 92,000 USDT, with market trading volume at its lowest since July.
Trending news
MoreCrypto prices
More
