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Mantle Expands Ecosystem with USDe and mETH Integration on Compound

Mantle Expands Ecosystem with USDe and mETH Integration on Compound WikiBit 2025-01-09 22:03

Mantle, the leading blockchain ecosystem powering Ethereum Layer 2 (L2) Mantle Network and Ether Liq

Mantle, the leading blockchain ecosystem powering Ethereum Layer 2 (L2) Mantle Network and Ether Liquid mETH staking protocol, has successfully integrated Ethena‘s USDe and Mantle’s mETH on Compound, the leading DeFi lending protocol trusted by the community. This marks a significant step in Mantles mission to foster ecosystem synergies, driving widespread DeFi adoption and creating new opportunities for innovation in 2025 and beyond.

The integration of USDe and mETH on Compound represents a major achievement for the Mantle ecosystem. USDe has gained significant traction, particularly on the Mantle network, with a TVL of $92.3 million. By bringing USDe to Compound, Mantle strengthens its position in the decentralized stablecoin market, enabling greater access and adoption. The addition of mETH as collateral on Compound strengthens its role in the DeFi landscape, positioning Mantle as a leader in liquid staking. This move further accelerates the mass adoption of mETH both in the Mantle ecosystem and the broader DeFi space.

The partnership between Mantle and Compound highlights a shared commitment to building secure, scalable, and accessible financial tools for users. With a focus on high standards of security and reliability, both platforms are working to offer an improved user experience and expand the reach of decentralized finance.

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