Mantle USD And Compliant RWA Pools

At its core, the protocol allows users to lock mETH as collateral and mint mUSD, a Mantle-native stablecoin designed to be easy to use across DeFi and compliant real-world asset markets.

The minting and redemption flow is intentionally simple: users lock mETH, mint mUSD up to a fixed collateral ratio, and can later repay mUSD to unlock their collateral. This core mechanism forms the foundation of the protocol.

To improve capital efficiency, the protocol includes Super-Stake, a controlled leverage mechanism that allows users to increase their staking exposure through a bounded recursive process. Super-Stake automates what would otherwise be a manual loop, while keeping leverage within protocol-defined limits.

Reference transaction (example Super-Stake execution): https://sepolia.mantlescan.xyz/tx/0x95eedc1f67cfb779db7ef6662a65ff50d2931133d61652411889566087cd1f9d

On top of the stablecoin layer, the protocol introduces Compliant RWA Pools , on-chain liquidity pools that enable trading between mUSD and real-world assets such as gold, money-market instruments, real estate shares, and bonds. Each pool enforces asset-specific compliance rules using zero-knowledge proofs, allowing users to prove eligibility without exposing personal data on-chain.

Compliance logic is handled off-chain through a modular proofer system, while verification happens on-chain. This separation keeps the system flexible and privacy-preserving, and allows different assets, jurisdictions, and ZK providers to coexist within the same protocol without forcing a single global compliance model.

Together, Mantle USD and Compliant RWA Pools provide a practical foundation for building privacy-aware and regulation-friendly DeFi on Mantle, without adding unnecessary complexity for users or developers.

FAQ

Why use a stablecoin as the base asset for RWA markets?

• Real-world assets are priced in fiat. Using a stablecoin makes settlement simple, predictable, and compliant.

Why not just issue RWA tokens directly?

• If a product is not compliant, it does not work. Many tokenized assets only work in limited jurisdictions. That does not scale.

Why is compliance enforced per pool?

• Each asset has different rules. One global rule does not work for all assets.

Why Mantle for mUSD?

• Mantle makes mUSD practical to use. Low costs and good composability matter.

Why use Boundless?

• Boundless is a decentralized marketplace for proofs. It allows compliance checks without relying on a single prover.

Why not run a prover directly?

• Running a single prover creates a central point of trust. Boundless removes that dependency.

Can the system work with other ZK providers?

• Yes. Boundless is one option, not a hard dependency.

Why is the Rust service modular?

• Different RWA providers have different requirements. The system must support different ZK services without changing the protocol.

What is the risk for liquidity providers?

• Liquidity providers take market risk, just like in any AMM. They are exposed to price movements between mUSD and the RWA.

When do liquidity providers benefit the most?

• Liquidity providers benefit when market demand moves against trader expectations.
  In that case, LPs capture fees and price adjustments.

Can liquidity providers choose which markets to support?

• Yes. Each pool is independent, so LPs choose assets, providers, and risk profiles.

Pitch Deck

https://docs.google.com/presentation/d/17HaCssYgY5ZTQp_x2ts67K44u-KXvufb3JsnVtgAqBQ