Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced that its Mantle Vault product on Bybit On-Chain Earn has surpassed $100 million in assets under management (AUM) in less than three weeks since launch.
Mantle Vault was developed in collaboration with Mantle and Cian to provide a stablecoin-based, market-neutral, on-chain yield strategy. The product is designed to allow users to access on-chain yield through a centralized interface while executing strategies across decentralized protocols.
Rapid growth after release
Bybit said Mantle Vault has expanded rapidly since its launch, reflecting demand for structured on-chain yield products that combine flexible access and transparent execution. The company says the safe has maintained an annual percentage rate (APR) of over 7% since it was added to Bybit Earn’s product suite.
The revenue strategy is deployed using a delta-neutral approach across audited protocols, including Aave V3. Returns are generated through a combination of stablecoin financing, staking rewards, and protocol incentives. Bybit added that most withdrawal requests are processed within 0-3 days, there are no subscription fees, and the minimum entry requirement is 10. USDT or USDC.
Access to on-chain revenue strategies
According to the announcement, Mantle Vault is positioned as part of a broader effort to connect centralized platforms and decentralized execution. Users access the product through Bybit, but the underlying strategy operates completely on-chain, providing transparency into strategy deployment.
With AUM currently exceeding $100 million, Bybit said the product’s growth reflects user interest in easy access to on-chain yield strategies supported by Mantle’s infrastructure. Mantle Vault forms part of Bybit Earn and Mantle’s broader real world assets (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 integrating CeFi distribution with full on-chain yield and execution, this is how Mantle powers DeFi for institutional investors and moves it from a niche use case to mainstream financial adoption.”
Jerry Lee, Head of Financial Products and Asset Management at Bybit, added:
“Users are ready to take advantage of a professionally managed and transparent on-chain yield product. Mantle Vault has proven that when you combine institutional infrastructure with user-friendly access, you can deliver a DeFi solution that resonates with retail and professional investors alike.”
According to Bybit, Mantle Vault is built on audited smart contracts, assets are primarily held in the Aave V3 protocol on the Ethereum mainnet, and strategies are executed entirely on-chain with real-time visibility. The product has a market-neutral strategy, offers flexible access with no lock-up period, withdrawal requests are typically processed within 0-3 days, and the minimum deposit amount is 10. USDT or USDC.
Bybit added that Mantle Vault operates through Cian’s on-chain asset management infrastructure and provides on-chain strategies through Vault-based products within Mantle’s execution environment.
Featured image via Shutetrstock.
