nikitakle.eth 🐲

Next stop: Hong Kong. Mellow’s founder @s0xn1ck will be at FinTech Week, 2-6 November, meeting teams building with stablecoins and tokenized assets. Our focus: what happens once those assets are onchain and need to work inside treasury and yield products. DMs are open.

Mellow team is heading to @token2049. Meet @s0xn1ck, CEO, @0xRomanW3, Head of Product, and @Cyborgxsoufia, Head of Growth, to discuss onchain financial products. DM to catch up while we’re in town!

If you're at @rwasummit tomorrow, catch @s0xn1ck in Brooklyn talking about RWAs, onchain financial products and what it takes to manage them within clear mandates.

Tokenization is bringing more assets onchain, where they can move faster, become programmable and plug into new financial products. These assets are arriving fast. Mellow joins the @rwasummit in Brooklyn as an Innovator Partner to discuss the layer that manages them.

Mellow Vaults are live on @RobinhoodCrypto. USDG holders can now get access to curated onchain strategies on Robinhood Chain without managing positions themselves. The first is USDG Yield Vault, running a capped stablecoin carry strategy with @Morpho markets underneath.

Behind every earn product is a vault, but most people picture it as a yield wrapper. It's like calling a bank a place to park cash – technically true but it misses the point completely. Yield is just the output. The real job is managing capital under a mandate.

When a bank, fintech, asset manager or exchange considers launching an onchain product, yield is not the first question. What they need to know is where the capital is, who can move it and what they are allowed to do at any moment. Without the answers, the product doesn't ship.

According to @FTDA_US, agentic AI could become blockchain’s killer use case. At the same time, the recent OpenAI-Hugging Face incident showed why agents need hard guardrails, especially when they manage capital. Here's Mellow founder @s0xn1ck's thoughts about it at @ethconf:

A lot of the infrastructure for moving finance onchain already exists, but still there is a gap between holding an asset and making it productive. Mellow's founder @s0xn1ck spoke about this at @ethconf: Tokenization and distribution are moving quickly, but the layer that turns those assets into managed products kept within a clear mandate is still being built.

For years, institutions were looking for delegated manager selection, single line on the balance sheet, and full transparency living in one product. Going onchain is finally making that combination possible. In traditional finance, fund-of-funds delivered the first two of these features at the cost of the visibility. Asset managers reported to the fund, the fund reported to investors in a quarterly letter, and that was enough for allocators to stop taking that trade. At the 2007 peak, roughly 150 fund-of-funds firms managed a billion dollars or more but today there are only about 50. Total assets fell from $1.1 trillion around 2008 to under $600 billion in 2026. Mellow Core Vaults have the same logic with visibility issue removed where every allocation is fully transparent and tracked onchain. Each Vault acts like a container, where multiple strategies, each curated by their own manager, live under one mandate enforced at the contract level. Allocator doesn't have to choose an asset manager, he can have many at the same time, picked and overseen by the Vault curator. When a new strong strategy appears it ends up inside the Vault, weak ones can be removed just as easily. All this happens under the same Vault and allocator doesn't have to make a move. @LidoFinance's EarnETH and EarnUSD already work this way on Mellow. One Earn product for ETH, one for stablecoins, with deposits routed across curated strategies underneath. The same model works for any institution that wants to offer onchain yield without relying on a set of third-party products. A neobank, exchange, wallet, or asset manager can keep the product under its own brand, define what it is allowed to do, and appoint specialist managers underneath. For the end user, it remains one product, but for the institution, it is infrastructure that allows managers and allocations to be changed without changing the mandate or starting over again. This is what fund-of-funds were meant to be, and onchain that model finally works.

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.

You don't have to become part-time strategy manager to put stablecoins to work. @LidoFinance 's EarnUSD on Mellow provides a simple product surface, while the vault handles the messy part underneath. $15M in TVL is now crossed. stake.lido.fi/earn/usd/depos… app.mellow.finance/vaults/ea…