Mantle expands Vault into DeFi with Grove, CIAN and Fluxion
Mantle announced the expansion of Mantle Vault from its existing Bybit offering into decentralized finance, built with Grove infrastructure, CIAN, and accessible via Fluxion. The DeFi vault accepts USDC and USDT0 and gives exposure to sUSDS and Fluxion Points through a conservative, non-leveraged strategy with transparency into holdings. Mantle reported $200 million AUM on Bybit and cited RWA TVL growth from $22 million to $257 million and DeFi TVL above $755 million. The launch includes a 5.14 million GROVE token incentive programme targeting up to 6.5% APY, though terms and incentives may vary.
Mantle Vault now accepts stablecoins on-chain for institutional-grade yield.
Context
Mantle previously ran the vault for Bybit users and reached $200 million in assets on that platform. The company has grown RWA total value locked and is now opening the vault to any stablecoin holder. Next steps may include incentive…
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