Bybit: Mantle Vault's initial public offering (IPO) funds surpass $50 million, and on-chain stablecoin investment strategies are gaining popularity.
TL;DR
Bybit's Mantle Vault, a stablecoin on-chain vault product, launched on December 22 and surpassed $50 million in deposits within a week. It uses a market-neutral strategy offering 5%-25% annualized returns, appealing in uncertain markets.
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According to ChainCatcher, Bybit's On-Chain Earn's first stablecoin on-chain vault asset management product, Mantle Vault, officially launched on December 22. Within just one week of its launch, the amount of funds deposited exceeded 50M USDT.
This high-yield stablecoin investment product adopts a market-neutral strategy, demonstrating significant appeal in uncertain market conditions: USDT/USDC targets an annualized return of 5%–10% during bear markets and 10%–25% during bull markets (actual returns vary with market conditions).