Singapore — Mantle, the cutting-edge blockchain ecosystem behind the Ethereum layer 2 (L2) Mantle Network and the Ether liquid staking protocol mETH, has successfully integrated Ethena’s USDe and Mantle’s mETH on Compound, a premier DeFi lending protocol trusted by the community.
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This marks a significant step in Mantle’s mission to foster ecosystem synergy, driving widespread DeFi adoption and creating new opportunities for innovation in 2025 and beyond. The integration follows successful governance proposals by Compound, with discussions underway to incorporate cmETH, further deepening this strategic partnership.
Strengthening Mantle’s Ecosystem: Key Milestones
The integration of USDe and mETH on Compound represents a major achievement for the Mantle ecosystem. Key developments include:
Boosting USDe’s Multichain Growth: USDe has gained significant traction, particularly on the Mantle Network, with a TVL of US$ 92.3M. By bringing USDe to Compound, Mantle enhances its position in the decentralized stablecoin market, ensuring wider access and broader adoption.
Accelerating mETH’s Utility: The addition of mETH as collateral on Compound reinforces its role in the DeFi landscape, positioning Mantle as a leader in liquid staking. This move further accelerates mETH’s mass adoption, both within the Mantle Ecosystem and the broader DeFi space.
Fueling Collaborative Innovation: This integration serves as a catalyst for future collaborations within the Mantle ecosystem, driving the growth of DeFi dApps and unlocking new potential for user-focused financial solutions. The integration of cmETH is a key next step toward a more robust and interconnected ecosystem.
Building a Secure and Scalable DeFi Future
The partnership between Mantle and Compound underscores a shared commitment to creating secure, scalable, and accessible financial tools for users. With an emphasis on high standards of safety and reliability, both platforms are working to offer enhanced user experiences and broaden the possibilities for decentralized finance.
Gabriel Foo, DeFi Growth Lead at Mantle, emphasized the importance of security and reliability in driving trust within DeFi:
“Compound’s proven track record of security aligns perfectly with our vision for the Mantle ecosystem. The integration of USDe and mETH is a key step in advancing our mission and ensuring the sustainability of decentralized finance.”
Gabriel Foo, DeFi Growth Lead at Mantle
As the Mantle Ecosystem continues to grow, partnerships like that with Compound will be central to its evolution. The integration of USDe and mETH is just the beginning, with more innovations expected to follow, enabling both ecosystems to thrive and meet the demands of a rapidly evolving DeFi landscape.
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About Mantle
Mantle is building the largest sustainable hub for on-chain finance. Through its core products — Mantle Network, mETH Protocol, and FBTC — Mantle is unlocking the future of finance by blending institutional expertise with the transformative power of blockchain. Anchored by the Mantle Treasury, the largest community-owned treasury in the ecosystem, Mantle ensures robust liquidity and financial stability. With over $4.3 billion in assets, it actively funds core product development and supports the growth of asset partners like Agora AUSD, Ethena USDe, Ondo USDY, and EigenLayer, driving sustainable yield, deep liquidity, and financial utility within the Mantle Network.
About Compound
Compound is a leading decentralized finance (DeFi) protocol that enables users to borrow, lend, and earn interest on cryptocurrencies in a secure, transparent, and permissionless manner. Known for its industry-leading security and robust infrastructure, Compound has become a cornerstone of the global DeFi ecosystem. Its innovative approach empowers users to seamlessly integrate assets into DeFi strategies, unlocking opportunities for financial growth and capital efficiency.
