According to Odaily, Mellow Protocol has announced that its Mellow Restaking Vaults have reached their deposit limit, with the current Total Value Locked (TVL) standing at $162,313,462. The company has also indicated plans to increase the deposit limit in the near future.
Mellow Protocol's announcement comes as a significant development, given the current TVL, which is a key indicator of the health and popularity of a DeFi protocol. The TVL represents the total amount of assets currently being staked in the protocol's vaults.
The company's decision to increase the deposit limit suggests a positive response from the market and a growing demand for its services. However, further details regarding the timeline and the new deposit limit have not been disclosed yet. The market will be closely watching Mellow Protocol's next steps, as these changes could potentially impact the protocol's performance and the broader DeFi market.
