Mellow Protocol

Mellow Protocol receives a B risk grade (27/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — permissionless vault creation and untested slashing mechanics introduce meaningful uncertainty despite solid architecture A restaking platform that lets anyone create vaults where users deposit ETH to earn extra yield from securing other networks through Symbiotic. It manages $310M in deposits. Its B- grade reflects a solid design with meaningful risks from untested slashing penalties and the fact that anyone can create vaults, with only curators standing between you and a bad one.

The key risks identified for Mellow Protocol are: (1) If a service secured by Symbiotic fails, multiple Mellow vaults could be penalized simultaneously. Users in all affected vaults lose 10-30% of their deposit, not just those directly exposed. (2) Anyone can create a vault. Curators are supposed to filter out bad ones, but curators could be bribed, negligent, or socially manipulated into approving a trap vault. (3) Withdrawing your ETH takes 7 days. During a crisis, early exiters get out while later ones face growing losses as the secondary market price crashes below the actual value.

Mellow Protocol scores 27/100 across eight risk dimensions: Mechanism Novelty: 4/15, Interaction Severity: 10/20, Oracle Surface: 0/10, Documentation Gaps: 2/10, Track Record: 2/15, Scale Exposure: 0/10, Regulatory Risk: 3/10, Vitality Risk: 6/10. The highest risk area is Vitality Risk at 6/10.

Among 23 rated Restaking protocols on Hindenrank, Mellow Protocol ranks #1 by safety (lowest risk score = safest). Its 27/100 risk score and B grade place it among the safer Restaking protocols.

Mellow Protocol scores 2/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.