The DeFi market continues to expand with an increasing number of yield opportunities and protocols, each with its own level of decentralization, permissionlessness, and risk. Navigating this landscape is becoming challenging – even for advanced users.
Meanwhile, the latest wave of adoption is bringing thousands of new participants from traditional markets into crypto. These users aren’t looking for raw protocols – they expect structured, accessible, and compliant financial products.
To meet this demand, the onchain financial stack must evolve. It needs to be productized, abstracted and made composable.
Mellow’s response is our Core Vaults – infrastructure purpose-built for curators and asset managers to design, deploy, and scale structured products onchain.
Core Vaults are built around a modular architecture that orchestrates interactions across both DeFi protocols and centralized exchanges. It enables trustless execution of complex, institutional-grade strategies while maintaining full composability and transparency.
No matter how diverse or sophisticated the underlying strategies become, the vault framework remains stable and predictable – providing a unified, programmable setup for managing assets, risks, and logic.
The result is infrastructure that supports scalable, curated access to onchain yield – secure, standardized, and ready for real users.
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Vault system architecture overview:
Manages user deposits through a time-buffered queuing system. This delay helps prevent front-running and price manipulation by ensuring deposits are not executed based on stale or externally influenced oracle price data.
The deposit queue is also responsible for issuing receipt tokens.