Bybit Partners with Mantle and Aave to Launch DeFi Liquidity System

The collaboration introduces Aave to the Mantle Network, aiming to connect centralized and decentralized markets with MNT-based incentives for over 70 million users.

MNT
AAVE

Summary

Bybit has formed a strategic alliance with Mantle and Aave to deploy Aave on the Mantle Network. The initiative seeks to establish an institutional-grade decentralized finance (DeFi) liquidity framework enhanced by MNT token incentives. The integrated system intends to link centralized and decentralized markets, providing access for a user base exceeding 70 million.

Terms & Concepts
  • Decentralized Finance (DeFi): A blockchain-based financial system enabling peer-to-peer transactions without traditional intermediaries like banks.
  • Mantle Network: A blockchain platform designed to improve scalability and performance for decentralized applications.
  • MNT Token: The native cryptocurrency of the Mantle Network used for incentives and transactions.