Mantle expands RWA yield offering from CeFi to DeFi

Mantle has expanded its real-world asset yield business into DeFi with a non-custodial stablecoin vault after its Bybit-based product crossed $200 million in assets under management. Summary $200 million was held in the earlier Mantle Vault product offered through Bybit. USDC and USDT0 depositors can access sUSDS-based yield without using leverage. CIAN designed the strategy, Grove supplies the yield source, and Fluxion provides access. Mantle’s launch materials list a target APY of up to 6.5% alongside token and point incentives. According to Mantle’s Aug. 25 X thread, the new product is available through Fluxion and combines infrastructure from CIAN and Grove to give stablecoin holders direct access to an onchain yield strategy. The launch takes a product previously distributed through the centralized exchange Bybit and places a related version inside Mantle’s DeFi network. Users deposit USDC or USDT0 through Fluxion while keeping control of their assets, removing the need to hand funds to a centralized custodian. Mantle said the vault uses a conservative, non-leveraged structure created by CIAN, the same protocol that helped build the original Bybit product. Grove connects the v...