Deposit USDG into a curated yield vault and get rUSDG; withdraw through a queue.

Official links: Website (mellow.finance) · App (app.mellow.finance) · @mellowprotocol (x.com) · DefiLlama (defillama.com)

What Mellow does

• USDG Yield Vault issuing rUSDG shares
• Deposit and redeem queues; redemptions have averaged about 2.5 days
• Deposit cap of about $1M

Takes fees on the vault's yield.

Mellow's USDG Yield Vault on Robinhood Chain takes USDG deposits and issues rUSDG shares; withdrawals go through a redeem queue that has averaged about two and a half days. It opened on 8 September 2026 and about 30 wallets have deposited, but one multisig holds 99.9% of the shares, so it is in practice a single-depositor vault. Between 18 and 25 September about 2.3M USDG left the subvault to the zero address, which suggests funds are bridged to other chains to earn their yield.

• On Robinhood Chain since: 2026-09-08
• Founded: 2021
• Team: Mellow Protocol.
• Token: No token
• Audits: Multiple (Mellow security page)

Mellow contracts on Robinhood Chain

• USDG Yield Vault 0xce939c136cffd80747e61f45f17efdcd4d4abd3b
• rUSDG share manager 0xf04c58853d54f2445989108c29087f1a61c034cb
• Subvault 0x9bc492d675f2d65f7454456455c3c4f597dce046
• Deposit queue 0x4cb16151eb97ec29d3fdfc79cce2233500a80389
• Redeem queue 0x873ff30c29450bf4beb3afbbb0372a4b47b4969c
• Collector 0xf602b4be05f6c3dd599388169aa2e7a0214590e4

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