Liquidity collateral platform Mellow collaborates with Symbiotic to launch

The liquidity heavy pledge project Mellow launched today, it will become the "flagship project" of the just-launched Symbiotic project. Mellow describes itself as a "modular infrastructure for creating LRT", providing various permissionless insurance vault smart contracts, giving depositors a certain degree of choice when re-pledging. Mellow was established in 2020 and is supported by Cypher.fund and core members of Lido. Their first fundraising event took place in 2021, led by Arrington Capital, ParaFi and Robot VC (Lemniscap, Primitive and other VCs as well as OG angel investors also participated).