Across the Decentralised Finance (DeFi) sector, billions in capital remain idle, trapped in silos or scattered across fragmented ecosystems. It’s a landscape full of value, but lacking flow.

At Mantle Network, we identified this issue from the very beginning. That’s why we’re building the Liquidity Chain: a chain designed from the ground up to support more productive, composable, and user-friendly capital movement. With native yield-bearing assets, modular infrastructure, full integration of EigenDA, and an upcoming transition to a zero-knowledge (ZK) validity rollup with Succinct’s SP1, Mantle Network is laying the foundation for an on-chain economy where capital doesn’t just sit, it works.

What It Means to Be a Liquidity Chain Built for Capital Efficiency

To address the inefficiencies outlined above, Mantle Network is taking a practical approach by introducing assets and applications that activate idle liquidity and allow capital to flow more efficiently across the ecosystem.

mETH Protocol: A Capital-Efficient Pathway for ETH Holders

mETH Protocol is Mantle’s native solution for unlocking more utility and capital efficiency to ETH by enabling both staking and restaking within Mantle Ecosystem. Users can stake ETH to mint $mETH, a value-accruing token representing their staked ETH and the rewards it generates. Both the principal and rewards can be redeemed at any time.

$mETH can also be restaked into $cmETH, a 1:1 receipt token representing restaked positions across protocols like EigenLayer, Symbiotic, and Karak. These platforms allocate capital to Actively Validated Services (AVSs), which support external networks through validation or security work. In return, they generate additional rewards that flow back to restakers.

Both $mETH and $cmETH are yield-bearing and highly composable, making them well-suited for a range of DeFi strategies across Mantle Network. In addition, during Season 3: Metamorphosis, users can deploy $cmETH across selected Mantle dApps to earn Powder, a points-based reward system redeemable for $COOK. This adds another layer of utility and capital efficiency.

Function FBTC: Moving Bitcoin Beyond a Store of Value

While $mETH and $cmETH unlock new possibilities for ETH, Function extends capital efficiency to Bitcoin through $FBTC, a BTC-backed asset designed for DeFi.

$FBTC maintains a 1:1 peg to Bitcoin and is built to go beyond its traditional role as a store of value. Developed by Function, with Mantle and Antalpha Prime as core contributors, $FBTC is a liquid and composable representation of Bitcoin that can be used across a variety of DeFi strategies.

Integrated natively within Mantle Network, $FBTC allows Bitcoin holders to participate in yield-generating opportunities and on-chain activity without leaving the network. This creates new utility for BTC while preserving the underlying asset's security and value.

Beyond the composable and yield-bearing DeFi strategies available with $FBTC on Mantle Network, users can also accumulate Sparks, Function’s points-inspired system designed to reward active $FBTC holders.

Mantle Rewards Station: Put Your $MNT to Work

With Mantle Rewards Station, $MNT becomes more than just a governance token. Holders can lock their $MNT in return for ecosystem rewards. Users can lock any amount of $MNT on their own terms, choosing between flexible or fixed durations. The longer the lock-in, the more MNT Power (MP) is generated. This MP can then be allocated across active reward pools.

This MP can then be allocated across active reward pools. Users have full control over how they distribute their MP, allowing them to target the specific rewards they want to earn.

Here are the rewards we've distributed so far:

• 2.5 Million $MNT
• 200 Million $COOK
• 4 Million $ENA
• 2.5 Billion Ethena Shards
• 90909 $MYSO
• 1 Million $INTX
• 5 Million Ollies
• 570K EIGEN
• 1 Million $UXLINK
• 30M Demex Points

Driving Yield Through Capital-Efficient dApps

Since the launch of Mantle Network Mainnet Alpha, we’ve built an ecosystem of high-quality, user-focused dApps. Each one is designed to help users make more productive use of their capital while contributing to Mantle Network’s broader vision of becoming a Liquidity Chain.

These dApps are built to reduce friction and unlock capital efficiency, giving users streamlined access to yield strategies, points rewards, and deeper composability across Mantle Ecosystem.

• Decentalized Exchanges

  • Merchant Moe & AGNI: Fast, composable DEXs offering flexible swaps and liquidity strategies, including fixed APY opportunities.

• Decentralized Money Markets

  • INIT Capital & Compound Finance: Platforms focused on lending and borrowing activities. Users with a higher risk appetite can partake in looping strategies to create more capital-efficient positions.
  • Omega: Combines cross-margin lending and leveraged farming into strategy vaults that help users deploy capital more effectively. With support for assets like $mETH, $cmETH, and $FBTC, Omega lets users borrow, farm points, and optimize rewards across Mantle's ecosystem — all within a unified interface.

• Yield Derivatives Protocol

  • Pendle: A permissionless protocol that unlocks new ways to interact with yield. Users can tokenize and trade future yield, earn fixed rates, amplify exposure to rising yield, or hedge against downturns in yield. This gives users more control and flexibility in how capital is deployed.

• AI-Powered Access to DeFi

  • INFINIT Terminal: A new DeFAI interface on Mantle Network, where users interact with DeFi agents through text-based commands, simplifying access to opportunities across the ecosystem.

Solving Fragmentation and Enabling Seamless Liquidity

Liquidity in DeFi remains highly fragmented, often split across chains and isolated dApps. This fragmentation creates friction and makes it harder for users to deploy capital efficiently.

Mantle Network helps reduce this friction by keeping core assets native to the chain and creating a unified environment where users can stake, restake, swap, and borrow without leaving the network. This composable design ensures that capital can move smoothly between dApps and remain productive throughout the ecosystem.

To support this further, integrations like Bungee, built on the SOCKET protocol, enable streamlined, chain-abstracted swaps for assets like $mETH and $cmETH. This makes it easier for users on other networks to access Mantle Network without the friction of complex bridging.

By combining native composability with simplified cross-chain access, Mantle Network is helping reduce fragmentation while building a unified, capital-efficient DeFi experience.

What’s Next: Enhancing Mantle Network

Mantle Network’s vision of becoming a Liquidity Chain is just getting started. While capital efficiency is already taking shape through composable assets and integrated strategies, the next phase of development will unlock even more powerful possibilities.

The upcoming integration of Succinct’s SP1, will mark Mantle Network’s transition from an optimistic rollup to a zero-knowledge (ZK) validity rollup. This upgrade brings one-hour finality, full EVM equivalence, lower transaction costs, and enhanced security through cryptographic verification. Together with Mantle’s modular architecture and full integration of EigenDA, SP1 establishes a new benchmark for capital-efficient, institutional-grade settlement.

Alongside these infrastructure improvements, Mantle Network’s ecosystem continues to grow. New dApps are joining the network to offer more capital-efficient strategies across multiple verticals, all contributing to a more integrated and productive on-chain experience. A strong indicator of this momentum is the 172% year-over-year growth in stablecoin market cap on Mantle Network, which reflects rising user trust and organic adoption of DeFi strategies on-chain. This liquidity growth enhances the experience for both builders and users, providing deeper capital pools for protocols and more accessible yield opportunities for participants.

While Mantle Network has always focused on efficiency and scalability, it is now evolving into something broader: the infrastructure layer for a new on-chain financial system. As the foundation of what we call the Banking Chain, Mantle Network is being built to support the next wave of crypto use cases — from saving and spending to seamless capital movement between DeFi and traditional finance.

To stay updated on Mantle Network’s roadmap and new integrations, follow @Mantle_Official and @0xMantleEco on X/Twitter, and join the community on Discord.