At Terramatris, we’ve added a small position in Mantle (MNT) to our Multi-Asset Crypto Options Fund, following Bybit’s launch of MNT options. The move aligns perfectly with our focus on assets that support options trading — a key part of our long-term yield strategy.
We’re generally bullish on assets that we can build structured positions around — primarily BTC, ETH, and SOL — since these allow us to generate steady yield through systematic option selling. Seeing MNT appear on Bybit’s options chain was a bit unexpected, but it instantly put the project on our radar.
Mantle brings together a modular Ethereum Layer-2 design, a growing DeFi ecosystem, and now — importantly for us — derivative market access. That last point makes all the difference for an options-based strategy like ours.
We began by establishing a small position via put options, collecting premiums and using part of the earned premium to accumulate spot MNT for our long-term holdings. This approach lets us scale exposure gradually, with downside protection and steady income generation — consistent with how we’ve built other long-term crypto positions in the fund.
We’re not in the business of making short-term price predictions, but we did run a few internal simulations on potential valuation ranges. Seeing MNT in the $10–$20 price range appears much more realistic than $100. Still, we do enjoy a good moonshot, and if Mantle reaches triple digits someday, we’ll gladly ride that wave.
Alongside our options exposure, we’re also exploring DeFi opportunities for MNT staking within the Mantle ecosystem and beyond. Generating additional passive yield through on-chain protocols complements our options-based income, helping us compound returns while supporting ecosystem growth.
Our MNT position is modest but strategic. The introduction of options trading gives Mantle a new level of market maturity, and for Terramatris, that’s a clear signal to start paying attention. As always, we’ll continue to sell options, collect yield, and build spot exposure over time — one premium at a time.