Bybit has introduced a time-limited MNT Recurring Buy campaign that combines automated allocation tools with monetary incentives designed to encourage Dollar-Cost Averaging into Mantle (MNT). The promotion, which runs through March 23, 2026, splits 55,000 USDT in rewards across two primary programs: targeted cashback for new DCA participants and a broad prize pool for active DCA bot users.
Participation requires registration on Bybit. The first component awards cashback to the top 100 new Bybit DCA users ranked by cumulative MNT investment volume. Those qualifiers may receive up to 10% cashback, capped at 50 USDT per user. The second component allocates a 50,000 USDT prize pool to eligible registered users who create MNT DCA Bots and who hold more than $200 worth of MNT through their DCA activity. Prize distribution is proportional to each user’s cumulative daily MNT holdings.
Promotion mechanics and eligibility
The campaign is exclusive to Bybit and is structured to reward both concentrated new inflows and ongoing automated accumulation. New users seeking cashback must rank among the top 100 in cumulative investment volume during the event window. Users aiming for a share of the prize pool must create an MNT DCA Bot and maintain greater than $200 in MNT acquired by DCA to be eligible. Exact participation rules and additional eligibility requirements are governed by the platform’s terms and conditions and the event’s registration process.
Mantle’s reported institutional trajectory
The Bybit promotion arrives as Mantle shows metrics the network and market observers interpret as institutional traction. Citing Messari’s Q4 2025 State of Mantle report, the Layer 2 recorded a 37.3% quarter-over-quarter increase in DeFi Total Value Locked, rising from $242.3 million to $332.7 million. That growth is attributed in the report to the deployment of Mantle’s $4.2 billion community-owned treasury into institutional products, with the Mantle Index Four, or MI4, delivering a 27.9% year-to-date return.
The network is described as having evolved into an institutional distribution layer coordinating capital, liquidity, and infrastructure across centralized and decentralized finance. A key mainnet upgrade positioned Mantle as the world’s largest ZK rollup by TVL, leveraging OP-Succinct technology to improve security and finality. Partnerships highlighted in the report include integrations with EigenLayer, Aave V3, and leading Real-World Asset protocols, situating Mantle at the intersection of traditional finance and on-chain innovation.
On-chain and product integration
Despite broader market headwinds noted in the reporting, several indicators cited suggest strengthening fundamentals. Institutional holdings reportedly rose 128% month-over-month in November 2025. At the same time, Bybit’s Mantle Vault AUM expanded markedly, increasing by nearly 30-fold from $5.63 million at its late December 2025 launch to over $150 million in February 2026.
Within Bybit’s ecosystem, MNT has been positioned as a core asset, used across trading fee structures, VIP programs, and to access institutional products. That structural role is described as contributing to a so-called CeDeFi liquidity flywheel, where liquidity on a centralized venue channels into on-chain yield strategies, stablecoin settlement, and RWA tokenization across the Mantle stack.
Practical implications for users
For retail and institutional users considering the campaign, the mechanics emphasize automated accumulation through DCA bots and maintaining minimum holdings thresholds to qualify for prize-pool allocation. Cashback is limited to new DCA users and capped per participant, favoring larger cumulative new investments for the top 100 spots. Users must register and adhere to Bybit’s campaign rules to be eligible.
About Bybit
Bybit is described as the world’s second-largest cryptocurrency exchange by trading volume and serves a global community of over 80 million users. Founded in 2018, the platform states its mission as creating a simpler, open, and equal ecosystem for Web3 participants. Bybit highlights its emphasis on secure custody, diverse marketplaces, user experience, and infrastructure partnerships that bridge TradFi and DeFi.
Terms and conditions apply. For eligibility requirements and other participation rules, users may visit: Auto-trade MNT with Recurring Buy and share a 55,000 USDT prize pool