Modular Vaults Platform for Institutional Earn Infrastructure
Joined May 2021
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Mellow retweeted
Tokenized stocks are heating up, and it's obvious that the category will get huge very soon.
Thinking of tokenized stocks, they don't make much difference on their own compared to offchain stocks.
So what makes them so interesting? It's the primitives that can be built with them onchain, bringing new categories to the market.
Access to credit against stocks, custom and democratized indexes, yield-bearing stocks, and more to come.
The next obvious step is native onchain issuance for stocks, starting with tokenized equities, and then we'll see full-scale onchain IPOs. The future is bright, and the future is onchain.
Mellow retweeted
Blockaid has partnered with @mellowprotocol to secure its vault infrastructure.
Onchain Monitoring is live across Mellow's vaults and the protocols their strategies touch, catching exploits and anomalous fund movement in real time.
Learn more: blockaid.io/blog/blockaid-pa…
Mellow retweeted
1/ @mellowprotocol vaults, now native to Para's wallet stack
Teams building with Para can enable idle balances to become an actively managed position, without needing to run a bespoke earn product
Available out of the box 🏦
When a neobank, wallet, broker, or tokenized asset platform is building their onchain finance app, they don’t build the whole DeFi stack from scratch.
Mellow is teaming up with @get_para to make vault access easier for them, bringing it right inside the apps built using Para.
Mellow retweeted
"DeFi is moving from alternative finance to default infrastructure: open settlement, programmable assets, transparent risk, global distribution."
@s0xn1ck of @mellowprotocol on why neutrality and composability win.
Mellow retweeted
Update on EarnETH & the ongoing Kelp Incident:
• The rsETH exchange rate needs to be updated to unpause vaults
• First-loss protection was approved by the Lido DAO; to be activated following the exchange rate update
• No losses will be suffered by any EarnETH user
↓
Mellow retweeted
Kelp and Aave have successfully completed a series of steps for rsETH backing, including burning the exploiter’s rsETH on Arbitrum.
117,132 rsETH will be progressively refilled from Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapter on mainnet over the next two weeks. rsETH on Mainnet and L2s remains fully backed at all times.
Kelp will unpause withdrawals, tentatively within 24 hours, after the first tranche to the LayerZero OFT adapter. All rsETH operations - deposits, redemptions, bridging, and claims - will resume as usual after contracts are unpaused.
Last week, we completed a security hardening pass across all LayerZero bridging configurations: verification now requires 4 independent attestors, block confirmations have been raised from 42 to 64, and all L2-to-L2 routes have been deprecated. These changes have been audited by BailSec. We are in the process of migrating to CCIP for further strengthened cross-chain bridging.
Thanks to the @aave team and our DeFi United partners for being the cornerstone of this recovery.
Mellow retweeted
Update on Ongoing Kelp Incident
- EarnETH first-loss protection coverage below 1% threshold has been approved
- stETH transferred to DeFi United relief initiative
- Attackers rsETH has been liquidated
- EarnETH vault operations to resume as soon as Kelp protocol is unpaused
↓
Mellow retweeted
In line with the technical plan outlined below, the attacker's rsETH positions on Aave have been liquidated on Ethereum and Arbitrum. The liquidated collateral now sits with the Recovery Guardian as specified in the AIP.
No other users were affected, and Umbrella was also untouched. This was a critical step in the recovery roadmap, with next steps to follow.
Mellow retweeted
0/ Today, the Ethereum Foundation completed a bilateral swap of ~21,269 aWETH to wstETH, coordinated with @LidoFinance and @mellowprotocol as part of their ongoing deleveraging work.
Mellow retweeted
[DVV Migration Notice]
Following the latest Snapshot vote, the DAO has approved redirecting DVT incentives from the Decentralized Validator Vault (DVV) to Lido Earn strategies.
If you’re a DVV holder:
• Migrate to EarnETH to maximise your rewards
• Or withdraw your position
Mellow retweeted
Future leaders will build their businesses onchain.
They need to graduate as Web3 natives.
Not just from tech courses, but business and law schools.
Today, the DeFi industry calls on US universities to meet this challenge,
with our support.
Learning brings the world onchain.
Mellow retweeted
[Oracle Incident] Yesterday Aave's CAPO oracle quoted an incorrect wstETH:USD price boundary used within AAVE markets, resulting in liquidations. No bad debt was incurred, and all affected users will be fully reimbursed.
These incorrect pricing boundaries have nothing to do with wstETH as an underlying asset and are not related to any issues with wstETH or the Lido protocol.
Lido Earn products, including stRATEGY and GGV, are not affected by these liquidations and user funds remain safe.
Find the full context from the @chaoslabs team below ↓
Mellow retweeted
Institutional vaults platform @mellowprotocol has integrated wstUSR into @LidoFinance stRATEGY Vault.
$100M allocated to Resolv as part of the vault’s modular, low-risk DeFi strategy set.
Mellow retweeted
30,000 ETH
Transparent and streamlined access to the leading low risk DeFi opportunities on Ethereum
stake.lido.fi/earn/strategy
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