Mantle Expands RWA Yield into DeFi with Non-Custodial Stablecoin Vault
Mantle has expanded its real-world asset yield business into decentralized finance (DeFi) with a non-custodial stablecoin vault, following its success in centralized finance (CeFi).
The new product, available through Fluxion, combines infrastructure from CIAN and Grove to give stablecoin holders direct access to an onchain yield strategy.
Mantle Vault uses sUSDS as its yield source, which is the savings version of Sky's USDS stablecoin. Deposited stablecoins gain exposure to the yield earned by sUSDS, with the applicable savings rate set through governance.
The vault does not use leverage and remains visible onchain, allowing users to maintain control over their assets while interacting with smart contracts through Fluxion.