CIAN

Cian's Yield Layer and Bondify are converging around **looping** as their core use case. After a year testing yield sources, Cian found that stable, scalable RWA strategies narrow to established leveraged-yield approaches. Bondify addresses the exit problem for these positions: - **JR** standardizes looping positions for transfer - **YT** tokenizes and trades future yield - **SLF** provides unified lending for opening and exiting loops The challenge: most DeFi primitives assume liquid assets with frequent trading. Low-liquidity yield assets break these assumptions, requiring new market design. Going forward, Cian builds yield strategies while Bondify creates markets and exit paths for looping positions.

CIAN has issued an urgent reminder to users holding positions in MaticX/MATIC strategies following Stader's decision to discontinue Polygon-side support for MaticX after August 3, 2026. **Key Actions Required:** - Complete Approve transaction on [CIAN dApp](https://dapp.cian.app) - Set EIP-2612 authorization with minimum 30-day validity period via [authorization page](https://dapp.cian.app/setting?tab=eip-2612%20authorization) - Maintain sufficient gas balance in wallet **Important Guidelines:** - Do NOT withdraw manually - CIAN will process all withdrawals through coordinated official channel - Coordinated withdrawals expected to complete before August 31, 2026 - Manual withdrawals may incur high swap fees and affect other users **Affected Strategies:** - [6X MATICX/MATIC Recursive Staking](https://dapp.cian.app/strategy/maticleveraged/create) - [3X MATICX/MATIC Recursive Staking](https://dapp.cian.app/strategy/matic/create) Users who fail to complete authorization may bear any resulting losses or additional costs.

Bondify has launched a new market for USD3 Yield Tokens (YT), enabling traders to separate and trade yield exposure from leveraged positions. **Key Features:** - YT buyers can directly price and trade USD3 yield - Position holders can convert future yield into immediate liquidity - USD3 is a credit-backed yieldcoin powered by credit lines and warehouse facilities The launch adds a new layer of market activity to the USD3 ecosystem, increasing liquidity and yield trading opportunities.

**Bondify** is launching to address a key limitation in tokenized real-world assets (RWAs): their inability to move beyond static onchain positions. **The Problem:** - RWAs backed by stable cash flows struggle to integrate into DeFi yield markets - Unlike crypto-native assets, they lack speculative incentives (governance tokens, points) - This limits liquidity and yield trading opportunities **Bondify's Solution:** - Enables RWAs to participate in liquidity pools, looping strategies, and yield markets - Uses risk-tranching to separate principal from yield potential - Allows leveraged investors to absorb risk while transferring excess yield at a discount - Creates a market for yield derivatives on traditionally stable assets **Key Benefits:** - Amplifies stable RWA returns through recursive staking strategies - Addresses DeFi liquidity constraints and exit inefficiencies - Bridges traditional structured finance with decentralized markets - Enables both conservative investors seeking predictable spreads and speculators pursuing leveraged returns Bondify represents the next evolution in RWAfi, moving beyond simple tokenization to active participation in DeFi's yield infrastructure.

**CIAN has restored normal operations** for all ETH-related strategies after a temporary pause triggered by the Kelp DAO rsETH bridge incident. **What happened:** - On April 19, CIAN paused deposits and withdrawals for ETH strategies due to volatility in Aave's ETH borrowing conditions - The pause was a precautionary risk control measure, not a security breach of CIAN's systems - After 11 days of monitoring and assessment, services resumed on April 30 **Key points:** - All ETH strategy deposits and withdrawals now functioning normally - CIAN will continue monitoring underlying protocols and market liquidity - Risk controls remain dynamic to protect user assets The incident demonstrates how external protocol events can create ripple effects across DeFi platforms, prompting defensive measures even when the platform itself remains secure.

**Mantle Vault has surpassed $200 million in total value locked (TVL)**, marking a significant milestone for the stablecoin yield platform. The vault, a collaboration between Bybit, Mantle, and CIAN protocol, offers users: - **7%+ APY on stablecoins** through automated strategies - One-click access via Bybit's On-Chain Earn platform - Support for USDC and USDT deposits The platform utilizes auto-leveraged strategies on Aave, routing deposits into USDe and sUSDe positions to generate boosted yields. Users can also earn Ethena points and additional incentives, though withdrawals require a 57-day waiting period. This TVL milestone demonstrates growing adoption of automated DeFi yield strategies among stablecoin holders seeking returns beyond traditional savings rates.

**Cian Protocol announced a two-stage plan to build on Aave Mantle:** **Stage 1: Immediate Migration** - Moving billion-dollar yield strategies to Aave Mantle - Lower borrow rates on Mantle create better net yields - Key assets (Ethena, Maple, Kelp) already deployed **Stage 2: RWA Infrastructure** - Building new interest-bearing RWA strategies over coming months - Leveraging Bybit and Mantle's tens of billions in deployable capital - Redesigning DeFi primitives to accommodate institutional-scale RWA The team believes RWA will dominate lending markets within two years as the gap between on-chain and off-chain economies closes. Cian, an early builder of RWA yield strategies, is positioning Aave Mantle as the infrastructure layer for this transition.

Cian's founder Luffy_Cian is participating in **Mantle State of Mind Episode 07**, scheduled for March 17 at 10 PM UTC+8. The discussion will focus on: - The **CeDeFi flywheel** mechanism on Mantle - How Cian's automation platform integrates into the broader ecosystem - Insights from multiple ecosystem builders The event will be hosted on Mantle's official X (Twitter) account, bringing together various projects to explore the convergence of centralized and decentralized finance.

**3Jane's USD3 stablecoin** currently holds $21.04M entirely in USDC on Aave, with a backing ratio of 1.159 (above 1:1). The traceable backing structure is straightforward - a single Aave USDC position. **Key risk**: The sUSD3 component involves unsecured lending, making verification more challenging. Phase 2 plans may introduce additional unsecured lending allocations, though timing remains unscheduled. The backing exceeds the combined USD3/sUSD3 value of $18.15M, indicating overcollateralization within current tracking parameters.

Bondify has mapped the underlying assets for several yield-bearing stablecoins including cUSD, iUSD, srUSDe, thBILL, and USD3. The platform aims to provide users with greater transparency and safety by tracking how these stablecoins generate yield. Many USD stablecoins now offer yield-bearing versions through staking or savings mechanisms, which can be further wrapped into fixed-maturity instruments like Pendle PT. **Key Points:** - Bondify is tracking underlying assets for major yield-bearing stablecoins - Focus on creating a safer, more traceable investment environment - Yield-bearing stablecoins represent 6% of total stablecoin market but could reach 50% - Combined market cap of top five yield-bearing stablecoins grew from $4B to $13B post-US election This transparency initiative comes as yield-bearing stablecoins gain traction, with JPMorgan analysts projecting significant market expansion driven by yield generation, custody maintenance, and collateral use cases.