Mantle, the blockchain ecosystem behind Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol mETH Protocol, announced the successful integration of Ethena’s USDe and Mantle’s mETH on Compound, one of the most trusted DeFi lending protocols in the space. This integration advances Mantle’s commitment to fostering synergy within its asset ecosystem while driving broader DeFi adoption. Discussions are underway to introduce and integrate cmETH, further deepening the strategic partnership between Mantle and Compound.
Successful proposals with Compound Governance, which saw the onboarding of both USDe and mETH, underscore Mantle’s commitment to delivering high-quality partnerships that prioritize safety and innovation in decentralized finance. Compound’s industry-leading protocol and robust infrastructure, with its strong track record for security and reliability, bolsters Mantle’s efforts to further its ecosystem and deliver reliable and cutting-edge solutions to the global DeFi community.
Strengthening the Mantle Ecosystem Through Integration
The integration of USDe and mETH on Compound represents a pivotal moment for the Mantle Ecosystem through several tenets:
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Expanding USDe’s Multichain Dominance: USDe has seen immense growth in the past year, with its strongest dominance on Mantle Network — boasting a TVL of US$ 92.3M. By integrating USDe into Compound, Mantle will further solidify its role as a leading force in the decentralized stablecoins market.
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Accelerating mETH Adoption: With the inclusion of Mantle Staked Ether ($mETH) as a collateral asset on Compound, Mantle strengthens mETH’s utility within DeFi and beyond. This integration aligns with Mantle’s vision of advancing liquid staking solutions for mass adoption both within and beyond the Mantle Ecosystem.
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Channelling Collaborative Growth: The integration acts as a catalyst for Mantle’s DeFi dApps to collaborate — setting the stage for a stronger network of financial tools and services. With the integration of cmETH, users on both Compound and Mantle will experience a more robust ecosystem while unlocking new opportunities for innovation.
A Shared Vision for DeFi’s Growth and Innovation
The integration is a testament to Mantle and Compound’s shared vision of enabling secure, scalable, and accessible financial tools through elevated user experiences. As the Mantle Ecosystem grows, premier partnerships such as Compound’s solidify its reputation as a hub for user-friendly DeFi innovation.
Gabriel Foo, DeFi Growth Lead at Mantle said: “Security and reliability are the foundation of trust in DeFi. Compound’s strong track record of upholding the highest standards of safety and dependability aligns with Mantle’s vision for building an ecosystem that prioritizes safety and innovation. The integration of Ethena’s USDe and Mantle’s mETH represents a significant milestone in advancing our ecosystem and is a clear reflection of our commitment to maintaining the integrity of the DeFi ecosystem.”