The vault utilizes a non-leveraged strategy designed by CIAN, mirroring the mechanics of the original product that recently surpassed $200 million in assets under management on Bybit. By integrating infrastructure from Grove, the platform connects deposits to the Sky ecosystem, where capital is deployed into governance-approved credit strategies. Mantle is currently promoting a target annual percentage yield of up to 6.5%, bolstered by additional incentives through Fluxion Points and 5.14 million GROVE tokens.
While the shift to self-custody removes the need for a centralized intermediary, it places the burden of risk management directly on the user. Participants remain exposed to smart-contract vulnerabilities, liquidity fluctuations, and potential adjustments to the Sky savings rate, which is subject to change through governance. Furthermore, the vault’s accessibility for U.S.-based users remains subject to evolving regulatory scrutiny, as federal lawmakers continue to debate the legal distinctions between platform-based rewards and interest payments on stablecoins. This launch marks a significant expansion for Mantle, which has seen its total DeFi value locked grow by 230% during the first half of 2026.

Comments (0)
No comments yet. Be the first!