Mantle Expands Vault into Decentralised Finance with Grove and CIAN

Mantle, an open financial network connecting global market participants to institutional-grade capital market assets on-chain, has expanded its vault product into decentralised finance (DeFi). This expansion builds upon Mantle's existing centralised finance footprint on Bybit and follows the company's continued momentum in real-world assets. The RWA TVL has grown from $22 million to $257 million in a year, with DeFi TVL exceeding $755 million.

The expanded Mantle Vault allows users to deposit stablecoins such as USDC and USDT on Mantle to access variable yield generated by the underlying strategy. This strategy includes exposure to sUSDS, Sky Protocol's yield-bearing token, alongside Fluxion Points. The vault follows a conservative, non-leveraged structure with transparency into the underlying strategy.

Grove provides the capital foundation through Grove Savings, the on-chain interface to the Sky Savings Rate. CIAN built the original Mantle Vault and has translated institutional-grade portfolio construction into a single, non-custodial product on top of the sUSDS exposure provided by Grove. Fluxion offers the liquidity layer for the expanded Mantle Vault.

Mantle is introducing a dedicated incentive programme of 5.14 million GROVE tokens, targeting up to 6.5% APY. Programme terms, duration and rates may vary based on market conditions, and incentives are not guaranteed.