Mantle expands its Bybit yield vault to DEFI with Grove, CIAN, and Fluxion
Mantle Network brings its Bybit yield vault on-chain with Grove, CIAN, and Fluxion, offering USDC and USDT deposits targeting up to 6.5% APY backed by 5.14M $GROVE tokens in incentives.
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@Mantle_Official has brought its Bybit yield vault on-chain, partnering with Grove, @CIAN_protocol, and Fluxion to open institutional-grade stablecoin yield to any DeFi user, not just those on centralised platforms.
From CeFi to DeFi
The Mantle Vault originally launched as a product built exclusively for Bybit users. The expansion extends Mantle Vault beyond its existing centralised finance footprint on Bybit, where it has already crossed $200 million in assets under management, into a new deposit-and-earn product open to any stablecoin holder.
The expanded vault allows users to deposit $USDC and $USDT on Mantle to access variable yield generated by the underlying strategy, which includes exposure to sUSDS, Sky Protocol's yield-bearing token, alongside Fluxion Points. Built by @CIAN_protocol in coordination with Grove, the vault follows a conservative, non-leveraged structure with transparency into the underlying strategy.
Mantle is introducing a dedicated incentive programme of 5.14 million $GROVE tokens, targeting up to 6.5% APY. Rates may vary with market conditions and incentives are not guaranteed.
RWA Momentum Behind the Move
The expansion follows Mantle's continued momentum in real-world assets, with RWA TVL growing from $22 million to $257 million in a year and DeFi TVL exceeding $755 million.
That growth has been broad-based. RWA TVL grew 27.4% quarter-over-quarter to $247.5 million through integrations with Aave, Maple Finance, and xStocks. The addition of tokenized equity alongside institutional lending yield makes Mantle's RWA stack one of the broadest available on any single L2 network.
The on-chain vault launch reflects a broader push by @Mantle_Official to make yield products that were previously accessible only through centralised intermediaries available directly to DeFi participants, using the same infrastructure that has already attracted significant institutional capital to the network.
Sources
PR Newswire: Mantle Vault Expands to DeFi with Grove, CIAN, and Fluxion
PR Newswire: Mantle Posts 27% RWA Growth in Q1 2026, According to Messari
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Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.