Mantle has announced via PR Newswire that Mantle Vault is expanding beyond its centralized finance footprint on Bybit, where it already surpassed $200 million in assets under management, into a decentralized finance deposit-and-earn product open to any stablecoin holder.
How Mantle Vault Moves from CeFi to DeFi
The expanded vault lets users deposit USDC and USDT0 on Mantle to access variable yield from a strategy built by CIAN with Grove infrastructure. The strategy includes exposure to sUSDS, Sky Protocol’s yield-bearing token, plus Fluxion Points, and follows a conservative non-leveraged structure. This institutional-grade push follows broader moves in DeFi, such as Compound Finance Approves $52 Million Budget and New Leadership Team for Institutional DeFi Push.
Mantle is also introducing a dedicated incentive program of 5.14 million GROVE tokens, targeting up to 6.5% APY, though terms and rates may vary. The product’s modular approach to RWA access resembles other platforms aiming to bundle managed funds and real-world assets, such as BiFu Wealth Suite Combines Managed Funds and RWA in One Account.
What the Expansion Means for Stablecoin Yield and RWA Networks
Mantle’s move into DeFi comes as RWA TVL on the network grew from $22 million to $257 million in a year, while broader DeFi TVL exceeds $755 million. However, RWA-focused chains also face operational and security challenges, as highlighted when MANTRA Chain Halts Network and Freezes Transactions Amid Unidentified Incident.
