Mantle Vault expands into DeFi with a non-custodial yield vault for stablecoin holders

According to ChainCatcher, Mantle Vault has moved from CeFi into DeFi and launched a non-custodial yield vault for stablecoin holders together with Grove, CIAN and Fluxion. The vault accepts deposits in USDC and USDT0. Its returns come from underlying sUSDS strategies, which the project describes as institutional-grade floating yield. Mantle also said the target APY can reach as high as 6.5%, with additional rewards from Fluxion Points and incentives linked to 5.14 million GROVE tokens. Mantle said the vault uses a conservative, non-leveraged structure. CIAN is building the strategy, Grove is supplying the Sky Savings Rate capital base, and Fluxion is handling liquidity access. Mantle also said its earlier Vault on Bybit has surpassed $200 million in AUM. The company said Mantle RWA TVL has risen from $22 million at the start of the year to $257 million, while DeFi TVL has exceeded $755 million. In Mantle’s own words, the expansion into DeFi is meant to let all stablecoin holders access institutional-grade yield without borders or intermediary access requirements, with all of the components combinable inside Mantle’s open financial network.