Liquidity heavy pledge platform Mellow and Symbiotic launched
The liquidity-heavy collateral project Mellow launched today, which will become the "flagship project" of the just-launched Symbiotic project. Mellow describes itself as a "modular infrastructure for creating LRT" and provides various non-permissioned vault smart contracts, allowing depositors to have a certain degree of choice when re-collateralizing. Mellow was founded in 2020 with support from Cypher.fund and Lido core members. Their first fundraising event was held in 2021, led by Arrington Capital, ParaFi, and Robot VC (Lemniscap, Primitive, and other VCs and 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.
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