Welcome to the monthly Mezo Network Overview. Every month, we dive deep into the Mezo ecosystem to help you get up to speed on the network’s latest updates, metrics, developments and more. All in one place.
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Mezo Metrics
Total value locked (TVL): $55.2M (-36.1%)
MUSD TVL: $3M (-30.2%)
Users (total addresses): 42K (+81.8%)
Mezo volume (30 day): $10.8M (+25.8%)
The metrics are accurate at the time of publication. The percentage change is over a 30-day period.
What Caught Our Eye This Month
Mezo has partnered with Bitget Wallet to reward users with MEZO tokens for bridging bitcoin and swapping to MUSD to provide liquidity for the network
Mezo Swap TVL hit an all-time high of $8M on Jan. 25, indicating users are moving their assets between bitcoin and stablecoins on the network
Mezo launched its “Bring Bitcoin Home” campaign that allocated a portion of MEZO token supply for users who migrate their bitcoin from the Ethereum network to Mezo
Inside The Network
⚡️ What we’re watching: Mezo unveiled its MEZO token that lets bitcoin holders earn yield through locked positions and using the token to boost their earnings.
⚡️ Why it matters: Previously, earning yield required users to engage with a centralized company that uses synthetic versions of BTC, or sell bitcoin altogether.
Mezo’s new system flips that formula by letting users earn yield on their holdings while keeping control of their assets, through ve-tokenomics (veBTC and veMEZO).
In Mezo’s system, veBTC represents a user’s locked bitcoin that earns them income from platform activity. veMEZO represents locked MEZO tokens, and is used to boost the earnings of veBTC positions. Users can choose how much to lock and where to direct it, giving them control over how rewards are shared.
The MEZO token is designed to coordinate incentives across the platform. By locking MEZO tokens, users can increase the rewards of their veBTC positions, influence how yield is distributed, and participate in the governance of reward flows. While optional, Mezo says it puts practices in place to maximize a holder's earnings if they were to hold and use the MEZO token.
⚡️ The bigger picture: Bitcoin is widely held but rarely used for routine financial activity. In fact, 61% of Bitcoin hasn’t moved in over a year, showing that most investors are passive and don’t participate in transactions or try to earn yield.
Mezo’s approach aims to change that by creating a sustainable system that helps users lend bitcoin and generate yield from it. Early users can deposit bitcoin and some stablecoins to start earning interest, and certain users with prior activity on other lending platforms may receive MEZO through an airdrop.
Over time, the platform hopes to increase onchain Bitcoin activity while keeping bitcoin itself as the main asset.
Expanding The Ecosystem
Turtle has integrated with Mezo to let users earn up to 37% total yield for depositing wrapped bitcoin or stablecoins on the protocol
Mezo has raised the pool cap for its Earn incentive, which lets the first 200 bitcoin deposited earn 4% APY
Mellow Protocol has teamed up with Mezo to offer bitcoin-native modular vaults that help institutional users generate yield without selling or wrapping assets
Get active in the network
Want to dive deeper into the Mezo ecosystem?
Check out Mezo campaigns and complete quests to earn rewards
Receive fees and emissions by locking bitcoin through Mezo’s platform
Participate in Mezo gauge votes to determine where trading fees and incentives accrue
Borrow MUSD against bitcoin at a fixed rate of 1% without having to sell your holdings
Catch you next month.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.