The first Core Vault by Mellow is here – a new class of vaults with broadened capabilities that redefines what onchain yield looks like.
Built for institutions, the new vault design opens the path to infinite number of onchain strategies, with no extra adapters or engineering.
This new framework broadens what a vault can do, giving allocators access to a fullscale strategy engine rather than a single yield source.
Strategies run modularly across staking, lending, and other DeFi instruments, while stability of principal remains the defining objective.
The vault architecture is asset-agnostic and protocol-agnostic, so new strategies can be built on virtually any DeFi primitive.
Because of the vault architecture, protocols require no custom adapters or code upgrades to be connected seamlessly.
At launch, the vault strategy anchors on ETH with a base allocation to @LidoFinance's wstETH-based low-risk DeFi.
This foundation provides principal stability and liquid staking rewards while serving as the collateral layer for the broader strategy design.
Think of it as your ETH working overtime.
It takes Lido’s wstETH, loops it, adds a bit of @CurveFinance magic, and turns it into a structured carry that keeps stacking yield while staying fully onchain.
ETH gets swapped into wstETH and other LSTs to mint ETH+ at @reserveprotocol, paired with wETH on Curve, and staked through boosters like @StakeDAOHQ
Part of the yield then loops back through @aave – posting wstETH as collateral, borrowing ETH, and compounding exposure up to 12x
Up to 12x leverage sounds spicy, but the vault keeps it cool – health checks, oracles, and real-time monitoring make sure it never runs hot. If things shift, it unwinds fast and safe.
What once required multiple systems transformed into one seamless, institutional framework.
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