CandleFocus Mantle Network Welcomes Compound III: Boosting DeFi with $USDe, FBTC, mETH, and wETH Collateral
2024-12-21
Author: Content Editor
Mantle Network has partnered with Compound III in the decentralized finance (DeFi) sector to improve borrowing and lending on the Mantle platform. The partnership introduces Ethena Labs' $USDe as the base asset on Mantle, and users will be able to provide collateral by borrowing securely against assets such as FBTC, mETH, and wETH. The collaboration aims to enhance the DeFi lending experience by utilizing Compound's simple lending mechanism. Mantle Network has committed significant resources to attract users and increase liquidity. The integration has already shown impressive results with increased user trust and participation. The partnership between Mantle and Compound aims to create a stable, safe, and convenient system for financial operations in the DeFi space.
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