Mantle Vault on Bybit surpasses $100 million in assets under management

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:

Jerry Li, Head of Financial Products and Wealth Management at Bybit, added:

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.