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

According to ChainCatcher, Mantle Vault has expanded from CeFi into DeFi and launched a non-custodial yield vault for stablecoin holders with Grove, CIAN and Fluxion. The vault accepts USDC and USDT0 deposits and uses underlying sUSDS strategies to generate institutional floating yield, with a target APY of up to 6.5%. Users can also earn Fluxion Points and incentives tied to 5.14 million GROVE tokens. Mantle said the vault uses a conservative, non-leveraged structure, with CIAN building the strategy, Grove providing the Sky Savings Rate capital base and Fluxion handling liquidity access. Mantle added that the move is meant to give stablecoin holders borderless access to institutional-grade yield within its open financial network.