Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a significant milestone for its Mantle Vault product. Launched in partnership with the Mantle network and asset manager Cian, the vault has seen its assets under management (AUM) surge by 50% in January 2026, adding $50 million in just four weeks.
The product, which launched on December 22, 2025, initially reached $100 million in AUM in early January. As of February 4, 2026, it has officially surpassed the $150 million mark. This rapid growth is attributed to its positioning as a "flight to safety" product during turbulent market conditions, offering consistent on-chain yield for stablecoins through market-neutral strategies.
Jerry Li, Head of Financial Products and Wealth Management at Bybit, stated, "In today's markets, even risk-takers need a stable home to park their idle assets. Mantle Vault provides exactly that. Users don't have to compromise on yield and they get to distance themselves from high volatility. It is proof that DeFi can offer the kind of sophisticated, structured products traditionally reserved for institutional finance."
The vault operates as a structured DeFi product accessible via Bybit's CeFi interface, a convergence known as DeCeFi. It generates yield through Ethena staking (sUSDe) and leveraged staking of major stablecoins like USDT, USDC, and USDe on Aave V3, with potential additional incentives from Bybit and Mantle. The strategies are managed by Cian to minimize volatility exposure, with assets secured by audited smart contracts on the Ethereum mainnet.
The product features zero subscription fees and a low entry threshold of just 10 USDT or USDC, with most withdrawals processed within 0–3 days. Bybit highlights that the vault's growth reflects a broader trend where investors are seeking diversification and reduced exposure to market volatility.
