Mantle Vaults DeFi Expansion Offers Up to 6.5% APY through Grove, CIAN, and Fluxion
Mantle, an open financial network, has expanded its Mantle Vault product into decentralized finance (DeFi) through partnerships with Grove, CIAN, and Fluxion.
The expansion allows users to deposit stablecoins on Mantle to access variable yield generated by the underlying strategy, which includes exposure to sUSDS and Sky Protocol's yield-bearing token. This marks a significant milestone for Mantle as it continues to bring institutional-grade assets onto its platform.
According to Emily Bao, Key Advisor at Mantle and Spot Executive at Bybit, 'Mantle Vault started as a product built for Bybit's user base. Its expansion into DeFi through Grove, CIAN, and Fluxion shows what an open financial network is meant to do: connect global market participants to institutional-grade capital market assets, wherever they are.'
Mantle Vault now allows users to earn up to 6.5% Annual Percentage Yield (APY) through a dedicated incentive program of 5.14 million GROVE tokens.