#USA #Bybit #Dubai #Mantle #Aave

Unprecedented Success: Mantle and Aave Integration Surpasses $575 Million

In a remarkable milestone, the integration of Mantle and Aave has achieved a total market size of over $575 million within just two weeks of its launch. This collaboration, which was made possible by a partnership with Bybit, marks a new benchmark in the realm of institutional DeFi, showcasing the rapidly growing demand for decentralized financial infrastructures capable of serving both individual and institutional investors.

Breaking Down the Integration

The Mantle-Aave collaboration combines Mantle's high-performance distribution layer, Aave's decentralized liquidity markets, and Bybit's robust global exchange system. This synergy creates a comprehensive framework that allows seamless interaction between centralized and decentralized financial ecosystems.

Initially launched as a protocol deployment, the integration has swiftly evolved into a practical demonstration of the CeDeFi (Centralized DeFi) thesis. It attracts both institutional capital and retail participation while allowing real-world financial instruments to converge in a unified environment.

Record-Breaking Early Momentum

Since its inception on the Mantle platform, Aave v3 has onboarded a diverse and carefully selected array of assets, including wETH, USDC, GHO, FBTC, USDe, and wrsETH. Future asset onboarding will continue to be evaluated through a governance lens, affirming the commitment to both efficiency and ecosystem diversity. Key features implemented for each market include:

• - Comprehensive per-asset risk parameters
• - Isolation mode flags
• - Conservative supply and borrowing limits
• - Tailored interest-rate curves

This meticulous approach ensures that the rapid increase in liquidity aligns with the demand for transparency and safety expected by large investors.

Notable Milestones Since the Launch

• - Total Market Size Exceeding $575 Million: Combined activities for supply and borrowing across Aave v3 on Mantle signify a profound market interest, reinforcing the effectiveness of their incentive frameworks.
• - WrsETH Supply Cap Reached: Signifying concentrated demand, the wrsETH pool maxed its supply cap twice within a week, with deposits surging to around $50 million.
• - Institutional Investment: A targeted approach to real-world asset-compatible infrastructure drew considerable interest from professional traders seeking transparent, efficient yields.
• - GHO Expansion: The rollout of Aave's stablecoin, GHO, has contributed significantly to liquidity on Mantle, further supported by active distribution efforts.
• - Active Incentive Programs: Two incentive schemes are currently in play to encourage early adopters and maintain liquidity depth.

- Mantle (MNT) Rewards: Allocation of 8 million $MNT as incentives across key markets, including ETH, USDC, and USDT.
- Aave DAO Contribution: Distribution of 1.5 million $GHO aimed at boosting stablecoin usage and ensuring liquidity.

Building Towards a Robust CeDeFi Future

The Mantle and Aave collaboration transcends mere protocol deployment. It lays the groundwork for a scalable future of CeDeFi, integrating Bybit's infrastructure to bridge more than 70 million users with decentralized markets, while adhering to compliance and user experience standards common to leading centralized exchanges.

Further phases of this collaboration are set to enhance accessibility and capital efficiency, including:

• - Integration of Earn Products: Aave's yield-generating assets will seamlessly integrate into Bybit's Earn suite, allowing users to capitalize on on-chain yields.
• - Advanced Collateral Options: Supporting Mantle-native and RWA-backed assets within Aave's isolated pools will unlock greater definitions of capital efficiency.

As Emily Bao, a key advisor at Mantle, stated, "Surpassing $575 million in total market size within two weeks is not just a number but an affirmation of the demand for infrastructure that connects institutional capital, real-world assets, and decentralized finance. Mantle serves as the essential distribution layer for this convergence, validating our core thesis in real-time."

Get Started with Mantle

Users can now explore the Mantle market through Aave's official interface. Here, they can supply assets, borrow against collateral, and earn enhanced rewards, setting the stage for more comprehensive engagement with decentralized finance.

About Mantle

Positioned as a leading distribution layer for institutions and traditional finance, Mantle facilitates access to on-chain liquidity, empowered by over $4 billion in community-owned assets. With a robust infrastructure supporting large-scale adoption, it continues to innovate in collaboration with partners like Ethena USDe and Ondo USDY, among others.

For more details, visit mantle.xyz and follow Mantle for the latest updates through their official channels.

About Aave Protocol

Aave is a decentralized and non-custodial liquidity protocol allowing users to either supply or borrow assets. With over 60% market share in DeFi lending, Aave is recognized as the most trusted on-chain lending network.