Singapore – Mantle, the advanced blockchain ecosystem behind the Ethereum layer 2 (L2) Mantle Network and the Ether liquid staking protocol mETH, has successfully integrated Ethena’s USDe and Mantle’s mETH on Compound, a leading DeFi lending protocol trusted by the community .
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This marks an important step in Mantle’s mission to advance ecosystem synergy, drive widespread adoption of DeFi, and create new opportunities for innovation in 2025 and beyond. The integration follows successful governance proposals from Compound, while discussions are underway to incorporate cmETH, further deepening this strategic partnership.
Strengthening the Mantle Ecosystem: Key Milestones
The integration of USDe and mETH on Compound represents a significant achievement for the Mantle ecosystem. Key developments include:
Driving USDe’s multichain growth: USDe has gained significant traction, especially on the Mantle Network, with a TVL of US$92.3 million. By bringing USDe to Compound, Mantle strengthens its position in the decentralized stablecoin market, ensuring broader access and adoption.
Accelerating the Utility of mETH: The addition of mETH as collateral to Compound strengthens its role in the DeFi landscape, positioning Mantle as a leader in the liquid staking space. This move further accelerates the mass adoption of mETH, both within the Mantle Ecosystem and in the broader DeFi space.
Driving Collaborative Innovation: This integration serves as a catalyst for future collaborations within the Mantle ecosystem, fueling the growth of DeFi dApps and unlocking new potential for user-centric financial solutions. The integration of cmETH is an important next step towards a more robust and interconnected ecosystem.
Building a secure and scalable DeFi future
The partnership between Mantle and Compound underlines a shared commitment to creating secure, scalable and accessible financial tools for users. With an emphasis on high security and reliability standards, both platforms work to provide improved user experiences and broaden the possibilities for decentralized finance.
Gabriel Foo, DeFi Growth Lead at Mantle, emphasized the importance of security and reliability in increasing trust within DeFi:
“Compound’s proven track record in security aligns perfectly with our vision for the Mantle ecosystem. The integration of USDe and mETH is an important step in advancing our mission and ensuring the sustainability of decentralized finance .”
Gabriel Foo, DeFi Growth Lead at Mantle
As the Mantle ecosystem continues to grow, such partnerships with Compound will be central to its evolution. The integration of USDe and mETH is just the beginning, and more innovations are expected to follow, allowing both ecosystems to thrive and meet the demands of a rapidly evolving DeFi landscape.
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About Mantel
Mantle is building the largest sustainable hub for on-chain financing. Through its core products – Mantle Network, mETH Protocol and FBTC – Mantle is unlocking the future of the financial sector by combining institutional expertise with the transformative power of blockchain. Anchored by the Mantle Treasury, the largest community treasury in the ecosystem, Mantle delivers robust liquidity and financial stability. With more than $4.3 billion in assets, it actively funds the development of core products and supports the growth of asset partners such as Agora AUSD, Ethena USDe, Ondo USDY and EigenLayer, driving sustainable returns, deep liquidity and financial utility across the Mantle Network .
About Compound
Compound is a leading decentralized finance protocol (DeFi) that allows users to lend, lend and earn interest on cryptocurrencies in a secure, transparent, and permissionless manner. Known for its industry-leading security and robust infrastructure, Compound has become a cornerstone of the global DeFi ecosystem. The innovative approach allows users to seamlessly integrate assets into DeFi strategies, unlocking opportunities for financial growth and capital efficiency.
