Mantle Expands Stablecoin Yield Business to Non-Custodial DeFi

Mantle's stablecoin vault has expanded its yield business to include non-custodial DeFi strategies. This move allows users to deposit USDC or USDT0 directly into a smart contract, giving them full control over their private keys.

The new vault is built with Grove infrastructure and CIAN's strategy design, and is accessible through Fluxion. It offers a target APY of up to 6.5%, plus incentives in the form of GROVE tokens and Fluxion Points.

This expansion follows the success of Mantle's earlier Bybit-based product, which had already surpassed $200 million in assets under management before being made available on the open blockchain.