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.

Coinbase has added GROVE to its asset listing roadmap and published its ERC-20 contract address, but trading has not started. Market-making support and technical review remain pending.

GROVE has entered public trading across Coinbase, BitMart and Bybit. The ERC-20 token has a total supply of 10 billion, with Coinbase listing it at $0.03 and the reported market price at $0.02924.

Castle Labs used this week’s Chronicle to make a broader point about the current crypto cycle: headline activity metrics are no longer enough on their own. Investors are asking where protocol revenue goes, how durable it is, and whether token holders, LPs, stakers or treasury structures actually capture any of it. That shift is visible across several cases covered in the report. Maple, despite posting a record first half with $4.6 billion in AUM, 81% year-over-year growth, and $4.4 million in Q2 revenue, is facing questions over the design of its new rules-based buyback framework. The protocol plans to tie buybacks to monthly gross revenue, but tokens repurchased under the plan are set to flow into the SYRUP Strategic Fund, leaving open questions about whether the mechanism behaves more like treasury management than a direct value-accrual model for SYRUP holders. Uniswap has now activated protocol fees on V4, reviving a familiar debate around LP economics and UNI utility. Sky, meanwhile, reported a record June revenue run rate of $419 million and more than $250 million in USDS yield distribution, yet its Prime Agent structure makes it harder to determine what SKY holders are actually entitled to. The report also highlights Theo’s integration of Fidelity International’s FILQ into thBILL, OndoPerps’ launch with tokenized equities as collateral, and several themes Castle Labs is tracking, including Circle Agent Stack, Robinhood Chain and an SEC roundtable on IPO access.

Bybit said it will list GROVE (Grove) on its spot market at 23:00 Beijing time today. Deposits for the token are already open, while withdrawals are scheduled to go live at 18:00 on July 8. According to the project description cited in the announcement, Grove focuses on institutional-grade asset allocation, financing, and liquidity services. The project aims to bring RWA and real-world use cases on-chain as part of broader efforts to support the next generation of global financial markets. The update is a straightforward listing notice and includes the key timetable for trading, deposits, and withdrawals.