Mellow vaults

Mellow provides vault infrastructure for curated on-chain structured products and platform Earn programmes. Its current Core Vault architecture is designed for products where the vault configuration defines permitted assets, integrations, execution paths and risk limits.

Mellow Core Vaults are not ERC-4626 vault contracts. They use a modular component graph with a canonical vault address, tokenised share manager, deposit and redemption queues, oracle, fee manager, risk manager and subvaults. The eth_defi adapter treats Mellow as a sibling EVM vault architecture and routes factory-discovered Core Vaults through the shared scanner so Mellow vaults can appear in the same vault metadata and price pipelines as ERC-4626 vaults.

Fees

Mellow fee settings live in the Core Vault FeeManager. The documented fee types are deposit fee, redeem fee, performance fee and a time-based protocol fee. Fees are paid in vault shares. In the shared vault model the adapter maps Mellow’s protocol fee to the management-fee field and maps performance, deposit and redeem fees directly to their matching shared fields.