PERP.WIKI

Mizu vs Zellic

Hyperliquid ecosystem comparison · Yield & Vaults

Best for Yield
Different Focus Areas

Quick Take

Mizu Unified liquidity layer and yield aggregator for HyperEVM on HyperEVM, while Zellic Rising star blockchain security firm with deep DeFi and cryptography expertise on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Mizu and Zellic. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Mizu logo

Mizu

Mizu Labs is an automated yield aggregator protocol deployed on HyperEVM, Hyperliquid's EVM-compatible smart contract layer. Designed for ETH and BTC holders seeking to maximize returns within the Hyperliquid ecosystem, Mizu issues liquid wrapper tokens — hypeETH and hypeBTC — representing bridged assets that are continuously deployed across the highest-yielding HyperEVM protocols. Under the hood, Mizu automates liquidity routing into established platforms including HyperLend, HypurrFi, Felix, and Harmonix, compounding rewards and rebalancing positions without requiring manual intervention from depositors. This set-and-forget approach makes Mizu ideal for users who want exposure to HyperEVM's rich DeFi landscape — spanning lending markets, stablecoin minting, and structured yield products — without the overhead of active position management. By aggregating liquidity from many depositors, Mizu accesses yield opportunities at scale that would be inefficient for individual wallets. The protocol participates in points programs across its integrated protocols, passing accumulated rewards back to hypeETH and hypeBTC holders. As HyperEVM matures as a composable DeFi layer beneath Hyperliquid's core trading infrastructure, Mizu Labs positions itself as the primary yield optimization engine for bridged capital seeking productive, automated deployment.

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Zellic logo

Zellic

Zellic is a rapidly growing blockchain security firm that combines deep smart contract expertise with strong cryptographic and systems security knowledge, serving protocols across EVM ecosystems including HyperEVM. Founded by top competitive CTF players, Zellic's team brings an attacker's mindset to every engagement, proactively identifying vulnerabilities in complex DeFi protocols, cross-chain bridges, and financial primitives. Zellic has audited hundreds of millions in TVL across lending protocols, DEXes, and infrastructure projects—many architecturally similar to what is being built on Hyperliquid. Their reports are known for clear vulnerability disclosure with actionable remediation guidance. For HyperEVM projects seeking an audit firm with fresh perspectives and a strong track record in cutting-edge DeFi security research, Zellic provides rigorous assessment that complements the traditional audit landscape and has earned a reputation as one of the most thorough firms for complex protocol reviews.

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Feature Comparison

FeatureMizu logoMizuZellic logoZellic
LayerHyperEVMMulti-Layer
CategoryYield & VaultsSecurity & Audits
StatusActiveActive
Launch Year2025
Websitemizulabs.xyzzellic.io
Twitter@mizulabs
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
yield-aggregatorvaultsmulti-assetBoringVault

Score Comparison

MizuZellic
Open Source
Mizu
Not public
Zellic
Not public
Verified
Mizu
Unverified
Zellic
Unverified
Ecosystem Breadth
Mizu
4 tags
Zellic
0 tags
Maturity
Mizu
Since 2025
Zellic
Unknown

Feature Matrix

FeatureMizu logoMizuZellic logoZellic
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Mizu operates on HyperEVM (evm smart contracts on hyperliquid l1), while Zellic runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

Mizu is focused on yield & vaults, while Zellic targets security & audits. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose Mizu if you...

  • Want a yield & vaults solution on HyperEVM
  • Need features like yield-aggregator and vaults
  • Need: Unified liquidity layer and yield aggregator for HyperEVM

Choose Zellic if you...

  • Want a security & audits solution on Multi-Layer
  • Need: Rising star blockchain security firm with deep DeFi and cryptography expertise

Ecosystem Integration

Mizu logo

Mizu

Mizu operates on HyperEVM (evm smart contracts on hyperliquid l1). As a HyperEVM protocol, it can compose with other EVM-based DeFi primitives and leverage smart contract flexibility.

Zellic logo

Zellic

Zellic operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.

Community Verdict

Which do you prefer?

Share your experience with Mizu or Zellic to help others in the Hyperliquid community make better decisions.

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