Mantle Unveils DeFi Stablecoin Yield Product with Up to 6.5% APY

Mantle has introduced a new decentralized finance (DeFi) stablecoin yield product on its native exchange, allowing users to earn variable yields without leverage. The product supports USDC and USDT deposits, with yields generated by a strategy developed by CIAN and Grove. Mantle's expansion into DeFi coincides with the growth of its real-world asset business, which has seen total value locked (TVL) rise from $22 million to $257 million in a year.

The new product is supported by Fluxion's liquidity infrastructure, enabling users to earn yields up to 6.5% APY. Mantle also introduced an incentive program offering 5.14 million GROVE tokens. The DeFi TVL on Mantle has surpassed $755 million, reflecting the growing interest in decentralized finance.

Mantle's expansion into DeFi marks a significant milestone for the company, which has been focusing on building its ecosystem and providing innovative financial products to users.