Singapore – Mantle, the superior blockchain ecosystem behind the Ethereum layer 2 (L2) Mantle Community and the Ether liquid staking protocol mETH, has efficiently built-in Ethena’s USDe and Mantle’s mETH on Compound, a number one DeFi lending protocol trusted by the neighborhood .
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This marks an essential step in Mantle’s mission to advance ecosystem synergy, drive widespread adoption of DeFi, and create new alternatives for innovation in 2025 and past. The mixing follows profitable governance proposals from Compound, whereas discussions are underway to include cmETH, additional deepening this strategic partnership.
Strengthening the Mantle Ecosystem: Key Milestones
The mixing of USDe and mETH on Compound represents a big achievement for the Mantle ecosystem. Key developments embody:
Driving USDe’s multichain progress: USDe has gained important traction, particularly on the Mantle Community, with a TVL of US$92.3 million. By bringing USDe to Compound, Mantle strengthens its place within the decentralized stablecoin market, making certain broader entry and adoption.
Accelerating the Utility of mETH: The addition of mETH as collateral to Compound strengthens its function within the DeFi panorama, positioning Mantle as a pacesetter within the liquid staking house. This transfer additional accelerates the mass adoption of mETH, each inside the Mantle Ecosystem and within the broader DeFi house.
Driving Collaborative Innovation: This integration serves as a catalyst for future collaborations inside the Mantle ecosystem, fueling the expansion of DeFi dApps and unlocking new potential for user-centric monetary options. The mixing of cmETH is a vital subsequent step in the direction of a extra sturdy and interconnected ecosystem.
Constructing a safe and scalable DeFi future
The partnership between Mantle and Compound underlines a shared dedication to creating safe, scalable and accessible monetary instruments for customers. With an emphasis on excessive safety and reliability requirements, each platforms work to offer improved person experiences and broaden the probabilities for decentralized finance.
Gabriel Foo, DeFi Progress Lead at Mantle, emphasised the significance of safety and reliability in rising belief inside DeFi:
“Compound’s confirmed monitor file in safety aligns completely with our imaginative and prescient for the Mantle ecosystem. The mixing of USDe and mETH is a vital step in advancing our mission and making certain the sustainability of decentralized finance .”
Gabriel Foo, DeFi Progress Lead at Mantle
Because the Mantle ecosystem continues to develop, such partnerships with Compound will likely be central to its evolution. The mixing of USDe and mETH is just the start, and extra improvements are anticipated to observe, permitting each ecosystems to thrive and meet the calls for of a quickly evolving DeFi panorama.
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About Mantel
Mantle is constructing the most important sustainable hub for on-chain financing. By its core merchandise – Mantle Community, mETH Protocol and FBTC – Mantle is unlocking the way forward for the monetary sector by combining institutional experience with the transformative energy of blockchain. Anchored by the Mantle Treasury, the most important neighborhood treasury within the ecosystem, Mantle delivers sturdy liquidity and monetary stability. With greater than $4.3 billion in belongings, it actively funds the event of core merchandise and helps the expansion of asset companions akin to Agora AUSD, Ethena USDe, Ondo USDY and EigenLayer, driving sustainable returns, deep liquidity and monetary utility throughout the Mantle Community .
About Compound
Compound is a number one decentralized finance protocol (DeFi) that enables customers to lend, lend and earn curiosity on cryptocurrencies in a safe, clear, and permissionless method. Recognized for its industry-leading safety and sturdy infrastructure, Compound has turn out to be a cornerstone of the worldwide DeFi ecosystem. The revolutionary strategy permits customers to seamlessly combine belongings into DeFi methods, unlocking alternatives for monetary progress and capital effectivity.