🚀 Mantle Aave Market Hits $1B in Under a Month
🚀 Mantle Aave Market Hits $1B in Under a Month
🎯 Mantle hits $1B milestone
Mantle's Aave v3 market crossed $1 billion in deposits in under 30 days, with rsETH emerging as one of the fastest-growing assets driving this expansion.
Key Growth Drivers:
- 8M MNT incentives deployed over 4-6 months
- rsETH looping strategies leveraging available WETH liquidity
- Full reward stack: base restaking + MNT incentives + 15 bps Kelp subsidy
Strategic Context: Mantle's integration with Bybit provides access to 70M+ users, creating a distribution advantage most L2s lack. The platform is actively pursuing real-world assets through a DeFi-first approach.
What's Next: Kelp is building KUSD, a reward-bearing stablecoin backed by real-world payment and trade financing flows, targeting 8-10% yields. Launch expected in coming months.
The growth represents genuine user acquisition rather than rented TVL, with the supply-borrow cycle already creating sustainable liquidity depth.
Fueling the MoMNTum with rsETH on Mantle 🌱 Join us for an exclusive chat with @Mantle_Official where we unpack one of the fastest growing DeFi ecosystems this cycle - and Kelp's role in powering it. 📅 March 5 ⏰ 1 PM UTC Set your reminders 👇
Less than 30 mins ⏳ @Mantle_Official's - @aave market crossed $1B in under a month. rsETH has been one of the fastest growing assets on it. And we're about to get into why. Mantle State of Mind Ep. 07 with @KMagcap on the panel 👇
Reminder: Join us in an hour as we get into everything CeDeFi on Mantle, alongside the leaders and builders shaping it. Mantle State of Mind Ep. 07, 10 PM UTC+8. Right here on 𝕏. Never fade the MoMNTum. Drop your questions (if any) ↓
Mantle's DeFi ecosystem has been on an incredible run and rsETH has been one of the fastest growing assets on it. 🌱 We sat down with @Mantle_Official yesterday to get into what's working and what's next. Here's what you missed 🧵
You can natively mint or bridge rsETH on @Mantle_Official via the Kelp dApp. Get started. kerneldao.com/kelp/restake/?…
Josh talked about the chicken-and-egg problem that's held back RWA and TradFi adoption on-chain: You need distribution to attract real-world assets, but you need those assets to attract distribution. Mantle's play is using Bybit as the distribution side while Aave and DeFi
Alpha drop from @KMagcap 👀 Kelp is building KUSD, a reward-bearing stablecoin. ⍛ Rewards come from real-world payment and trade financing ⍛ TradFi does ~$300T in annual volume ⍛ Target reward rate: 8-10% Launching in the coming months. Given Mantle's push toward RWAs, it's
The @aave v3 market on @Mantle_Official just crossed $1B in deposits. Mantle committed 8M MNT in incentives over 4-6 months to bootstrap the market. But @joshuacheong was clear: this isn't rented TVL. It's paying for user acquisition and LP growth that compounds. As more users
Full reward stack for rsETH on Mantle: ⍛ Base restaking rewards ⍛ MNT incentives (live until March 18) ⍛ 15 bps subsidy from Kelp ⍛ Looping rewards from the borrow spread
. @joshuacheong responded well to the KUSD direction. Mantle is actively looking at real-world assets and sees the DeFi market as the way to get them on-chain at scale. "The differentiator is going to come from the fact that we can drive more real-world assets that can live in
✧ rsETH integrations & milestones ⍛ rsETH launch on @Mantle_Official: Native minting and bridging went live, with immediate integrations on @MerchantMoe_xyz and the @aave v3 - Mantle market. The Aave market saw supply caps hit twice within days of launch and has now reached
Head of Product at @Mantle_Official, @joshuacheong, kicked things off with Mantle's broader vision. Mantle is an EVM-compatible L2 with deep integration with @Bybit_Official, which gives it access to over 70M users. That's a distribution advantage most L2s don't have.
Head of Ecosystem at Kelp, @KMagcap, shared why @Mantle_Official was the right move for rsETH. "Mantle's alignment with Bybit creates a really strong layer of user acquisition that most L2s simply do not have." The focus right now is growing rsETH liquidity and utilization on
wrsETH is now live on @megaeth 🌱 While the timeline debates MegaETH, the builders keep shipping. rsETH is in, and the DeFi stack is already taking shape 🧵
Quick recap: ⍛ @Mantle_Official's Aave v3 market crossed $1B in market size ⍛ rsETH rewards via looping ⍛ 8M $MNT + 15 bps Kelp subsidy + restaking rewards = stacked ⍛ KUSD incoming, powered by real-world payment flows (8-10% target) ⍛ Mantle's CeDeFi thesis is playing out
Another day. Another W. The wrsETH supply caps on the @aave v3 - @Mantle_Official market have maxed out yet again! 👻 Total supply now at ~$50M. Boosted rewards run till March 18. Caps increase soon. Be early. ⚓ app.aave.com/reserve-overvi…
You can natively mint or bridge rsETH on @Mantle_Official via the Kelp dApp. Get started. kerneldao.com/kelp/restake/?…
The wrsETH supply caps on the @aave v3 - @Mantle_Official market have maxed out! 👻 ~$25M now supplied on Mantle. 🌱 If you're holding wrsETH, boosted rewards are live until March 18th. Caps increasing soon! ⚓ app.aave.com/reserve-overvi…
DeFi Analyst and Vaults Lead at Kelp, @Whyshock, walked through what users are actually doing with rsETH on @Mantle_Official. The main strategy is looping: supply wrsETH as collateral on @aave v3, borrow WETH, and loop to amplify restaking exposure. ETH supply has been tight
⍛ rsETH launch on @megaeth: Now live with native support via @aave v3 and @kumbaya_xyz, opening new looping, and liquidity opportunities on the chain.
wrsETH is now live on @megaeth 🌱 While the timeline debates MegaETH, the builders keep shipping. rsETH is in, and the DeFi stack is already taking shape 🧵
Less than 90 mins ⏳ We're sitting down with @Mantle_Official to talk about what's behind the explosive DeFi growth and what's cooking next. ⏰ 1 PM UTC Be there! x.com/i/spaces/1MJgN…
Fueling the MoMNTum with rsETH on Mantle 🌱 Join us for an exclusive chat with @Mantle_Official where we unpack one of the fastest growing DeFi ecosystems this cycle - and Kelp's role in powering it. 📅 March 5 ⏰ 1 PM UTC Set your reminders 👇
⍛ @aave v3 just launched on @Mantle_Official with wrsETH as a supported collateral asset. 👻 Supply wrsETH, borrow against it, or loop it. And the best part? You can get boosted rewards on wrsETH supply till March 18th. Don't miss out. ⚓ app.aave.com/reserve-overvi…
rsETH is now live on @Mantle_Official 🌱 Our LRT expands to Mantle's growing DeFi ecosystem, with exciting opportunities across lending and liquidity. 🧵
sKUSD Stablecoin Offers 8-10% Yields from Trade Receivables
**KelpDAO's sKUSD stablecoin** provides 8-10% rewards backed by trade receivables and global commerce flows, offering an alternative to traditional stablecoin yield sources. **Traditional yield sources have limitations:** - Funding rates fluctuate with leverage levels - T-bill yields depend on Federal Reserve policy - Both compress during changing market conditions **sKUSD's approach differs** by deriving rewards from receivables, payments, and settlement flows tied to real economic activity rather than market cycles. This positions it between high-risk crypto yields that vanish during downturns and lower real-world yields typically capped at 4-5%. The protocol aims to maintain consistent returns regardless of broader market conditions by anchoring to ongoing global commerce.
Kelp Connects Onchain Capital to $2.5T Unfunded Trade Finance Gap
**Kelp is bridging DeFi liquidity with real-world trade finance needs.** Of the $10 trillion moving through global trade finance annually, $2.5 trillion remains unfunded. **How it works:** - sKUSD token earns returns from short-term receivables in trade and cross-border payments - Yields come from actual commerce settlement, not crypto market speculation - Targets $9-11 trillion locked in idle settlement buffers and receivables globally **The model:** While traditional stablecoins sit idle, KUSD generates returns backed by real payment flows and trade finance activity. Credit moves alongside settlement rather than weeks after, creating a practical bridge between DeFi capital and traditional finance infrastructure. Co-founder Amit detailed the approach at NextFin NYBW, positioning it as the "Internet of Credit" - programmable settlement rails powering working capital in payments and trade.
KelpDAO and Mantle Discuss rsETH Growth in Upcoming Live Session
KelpDAO's head of ecosystem will join Mantle for a live discussion about rsETH's expansion on the Mantle network. **Key Details:** - Live session featuring KelpDAO and Mantle representatives - Focus on rsETH growth metrics and momentum on Mantle - Discussion will cover what's driving continued adoption The conversation aims to explore how rsETH, KelpDAO's liquid restaking token, has been performing on Mantle's layer-2 network and the factors contributing to its growth trajectory.
DeFi Rewards Sustainability: The Real Story Behind the Numbers
A thread from KelpDAO co-founder @GAmitej challenges the fundamental assumption behind DeFi rewards programs. **The Core Issue:** - The problem with DeFi rewards wasn't inflated numbers - The real issue was the false promise of sustainability - Most reward programs were built on unsustainable foundations **Key Insights:** - Reveals the actual sources of DeFi rewards - Explains why crypto-native reward systems typically fail - Identifies one sustainable source that differs from common assumptions The analysis provides a reality check for the DeFi ecosystem.