Bybit, the second-largest cryptocurrency exchanges by trading volume globally, just annouced its Mantle Vault product on Bybit On-Chain Earn has surpassed $100 million in assets under management (AUM), less than three weeks after launch.
Mantle Vault was developed in collaboration with Mantle and Cian, and offers stablecoin-based, market-neutral on-chain yield strategies. The product is designed to provide users with access to on-chain yield through a centralized interface, while executing strategies across decentralized protocols.
Rapid growth following launch
Bybit said Mantle Vault has scaled quickly since its launch, reflecting demand for structured on-chain yield products that combine flexible access with transparent execution. The vault has maintained an annual percentage rate (APR) above 7% since being added to Bybit Earn’s product suite, according to the company.
The yield strategies are deployed using delta-neutral approaches across audited protocols, including Aave V3. Returns are generated through a combination of stablecoin lending, staking rewards, and protocol incentives. Bybit added that most withdrawal requests are processed within zero to three days, with no subscription fees and a minimum entry requirement of 10 USDT or USDC.
Access to on-chain yield strategies
According to the announcement, Mantle Vault is positioned as part of a broader effort to connect centralized platforms with decentralized execution. Users access the product through Bybit, while the underlying strategies operate fully on-chain, providing transparency into strategy deployment.
With AUM now exceeding $100 million, Bybit said the product’s growth reflects user interest in simplified access to on-chain yield strategies supported by Mantle’s infrastructure. Mantle Vault forms part of Bybit Earn and Mantle’s broader real-world asset (RWA) and CeDeFi strategy planned for 2026.
Emily Bao, Key Advisor at Mantle, said:
“Mantle Vault is a clear example of how our RWA mission is accelerating in 2026. By converging CeFi distribution with fully on-chain yield and execution, this is how Mantle powers institutional-grade DeFi to move from niche use cases to mainstream financial adoption.”
Jerry Li, Head of Financial Products and Wealth Management at Bybit, added:
“Users are ready for professionally managed, transparent onchain yield products. Mantle Vault proves that when you combine institutional infrastructure with user-friendly access, you can deliver DeFi solutions that resonate with both retail and professional investors.”
According to Bybit, Mantle Vault is built on audited smart contracts, with assets primarily held on the Aave V3 protocol on Ethereum mainnet and strategies executed fully on-chain with real-time visibility. The product uses market-neutral strategies, offers flexible access with no lock-up periods and withdrawal requests typically processed within zero to three days, and has a minimum deposit of 10 USDT or USDC.
Bybit added that Mantle Vault operates through Cian’s on-chain asset management infrastructure, which delivers on-chain strategies through vault-based products within Mantle’s execution environment.
Featured image via Shutetrstock.
