Mantle Vault, a yield-generating product in the Mantle ecosystem, surpassed $100 million in total value locked less than 30 days after its launch, it said on Monday.
Mantle Vault is a one-click yield vault that automatically manages assets through Aave-based strategies when users deposit USDC and USDT. It offers up to 8.5 percent fixed annual percentage rate on USDT and USDC deposits.
Mantle Vault has a flexible structure with no lock-up period, allowing investors to deposit and withdraw funds at any time. Its strategy is run in a market-neutral way. The strategy is based on Aave V3, a verified DeFi protocol. It operates deposited assets in a structure that considers risk management alongside the pursuit of returns.
Mantle said the $100 million TVL milestone reflects market demand for stable returns.
Mantle is expanding its ecosystem around a CeDeFi model that connects centralised finance and decentralised finance, centred on its own token, $MNT.
Chi-gyu Hwang
delight@d-today.co.kr