what's Mezo?
Mezo is a Bitcoin-native blockchain and DeFi platform designed to activate BTC liquidity while preserving its principles. Users can lock BTC as collateral to borrow MUSD, a stablecoin pegged to USD, enabling borrowing, lending, spending, and other financial activities without selling or wrapping their Bitcoin. Mezo introduces features like Mezo Earn, where BTC holders lock assets to receive veBTC, participate in gauge voting for protocol direction, and earn rewards from real on-chain revenue sources. This creates sustainable yield generation through transparent, incentive-aligned mechanics on a Bitcoin-secured chain.
Mezo closed its "Bring Bitcoin Home" vaults after reaching full capacity.
Links
x.com/mezonetworkIntegrated into MetaMask Card rewards program in the US, where cardholders earn up to 1% cashback (up to 3% for Metal tier) in mUSD, a stablecoin powered by M0's platform.
Experienced an external incident on 2026-02-20 at approximately 14:05 UTC when an attacker drained the majority of funds from the Velar BTC/MUSD PerpDEX pool where Mezo funds were deployed via the Upshift vault curator.
Launched Phase II of the $MEZO program, which includes a Red Envelope activation system where activated envelopes will receive 8 additional envelopes to distribute as gifts.
Opened applications for a hackathon with 3 tracks and prizes on February 12, 2026.
Reached $400M in MUSD volume, doubling from $200M in 30 days.
Launched tokenized stocks trading in partnership with IntergalacticFi, enabling swaps of MUSD for stocks including NVDA, TSLA, GOOGL, MSTR, COIN, and CRCL.
Closed "Bring Bitcoin Home" vaults after reaching full capacity.
Implements emissions that decline on a 2-year halving schedule inspired by Bitcoin.
Airdrop snapshot scheduled for 2026-01-21.
Team members declared ineligible to participate in the MEZO airdrop and voluntarily directed their accrued mats to the community.
Allocates 2.5% of total MEZO supply as staking incentives for Bitcoin depositors, with approximately 32% APR for early participants.
Partnered with Bitget Wallet to bring Bitcoin banking experience to mobile devices, offering $80,000 in rewards for early participants.
Raised $28.5M in funding from Pantera, Multicoin, GSR, and ArkStream.
Reached approximately $65M in TVL ahead of TGE.
Offers a 2x allocation boost for users who max-lock their tokens for veMEZO during the current registration window.
Opens airdrop registration and eligibility checking for participants.
Launched Mezo Bankcard program on January 7, 2026, offering users up to 7,000 mats for creating a card and inviting friends.
GitHub repositories are publicly available with smart contracts, dapp infrastructure, and documentation, featuring more than 15 contributors.
Airdrop registration is live, allowing users to connect Bitcoin wallets (Unisat, Xverse, OKX) or EVM wallets to sign up.
Unveiled tokenomics with 1 billion total supply allocated as 40% Community, 30% Investors, 20% Thesis, and 10% Foundation.
Launched Mezo Earn, allowing users to lock over 100 BTC for veBTC, vote on gauges, and earn yield on BTC.
Reached first deposit cap within 24 hours of launch.
Partnership with Nansen launches with bonus mats distribution in January for tier holders who create Mezo ID and bridge tBTC. Partnership with Xeet platform announces $100k MEZO tournament for top creators.
Mezo is listed among active protocols in the current Votemarket veCRV round with $808K in total rewards distributed across 79 campaigns for veCRV voters.
A new campaign launches on Layer3 with 50,000 MEZO in rewards for participants exploring MUSD utility across Ethereum Mainnet.
Integration with Aave protocol goes live, expanding lending and borrowing capabilities.
A hackathon event completes, showcasing builder activity and development on the platform.
The Anchorage partnership now offers BTC-backed stablecoin loans and short-term veBTC yield to institutional clients via Porto wallet.
Partnership with Anchorage Digital enables BTC holders to access borrowing through Porto self-custody wallet, with institutions able to lock BTC and collect rewards soon.
Bitcoin rewards are now claimable for MUSD minters and Vault depositors via merkl_xyz platform in partnership with TheTNetwork. A promotional contest offers $500 MUSD bonus for claiming rewards and social engagement.
A 4-week Galxe Quest rewards campaign launches offering up to 5,000 mats across four platforms (Mezo, Lolli, Slice, Taho), marketed as the final pre-TGE rewards opportunity.
Partnership with Solv Protocol enables yield earning opportunities. New weekly market recap series launches featuring the network.
GoMaestro joins as an official validator on the network.
Chain integration with Mezo Network announced, expanding the ecosystem for the Bitcoin-backed stablecoin that enables permissionless borrowing, lending, and saving.
Lolli acquires Slice browser extension, unifying Bitcoin shopping and browsing rewards platforms with integrated withdrawals through Mezo.
Lolli integration enables users to withdraw Bitcoin rewards to Mezo platform for earning opportunities.
Launches yield loops functionality as part of BitcoinFi infrastructure expansion.
Launches Rewards Hub allowing users to track and claim mats rewards from Vaults and Pools in one interface, with expiring rewards requiring timely claims and leaderboard tracking.
Appears on list of projects planning Q4 Token Generation Events.
Mezo Native Bridge launches with focus on maintaining user security setups during bridging and protecting Bitcoin withdrawals.
Velar PerpDex launches on Mezo Network with BTC/MUSD as the first perpetual trading pair, expanding MUSD utility into derivatives trading.
Launches first RWA vault offering 10% fixed APR for 3-month lockup with MUSD, allowing users to borrow against BTC at 1% APY for 9% net yield.
MUSD liquidity goes live on Ethereum mainnet with Merkl rewards now active for BTC-backed borrowing.
$80K tBTC rewards campaign ending August 31, 2025, offers multiple earning mechanisms including minting, depositing, swapping, and holding.
MUSD integrates with Derive's risk engine, enabling BTC-backed options trading and enhanced risk management.
Expands MUSD to Ethereum via Portal Bridge, launching a trading pair on Curve Finance in partnership with Origin Protocol, and enabling yield opportunities on Uniswap.
New weekly DevRel Office Hours program launches on Discord, providing technical support and deployment guidance every Tuesday at 11 AM EST.
Launched Bitcoin-backed liquidity pools with swap fees and MUSD/BTC incentives at 12.83% APR.
New 1:1 MUSD contribution matching program with SHEFI organization running until August 1st
Gas platform integration enables instant bridging from 60+ chains to mainnet.
New MUSD Vault launches with 30% yield and tBTC rewards for early adopters, offering automated Bitcoin-backed yield generation.
Mainnet upgrade reduces transaction costs by approximately 20x.
Lolli joins Thesis/Mezo Network, expanding Bitcoin rewards capabilities
New tBTC lending market launches with Re7Labs and Gearbox Protocol, offering 6x leverage and $10,000 in incentives.
Ledger partnership introduces branded hardware wallets with MUSD payment integration.
New MUSD integration enables direct support for SheFi organization while maintaining BTC exposure.
Mainnet launches with functional marketplace and BTC-backed stablecoin minting capabilities.
Pre-Launch BTC Vault accumulates $10M+ TVL, offering >3% yield through Upshift partnership and daily MATS points distribution.
New partnership integrates BitcoinFi services with Lolli's Bitcoin rewards platform.
21 validators secure mainnet with 210 BTC total commitment locked for 12 months.
mUSD stablecoin launches on mainnet with 1:1 USD peg, enabling BTC-collateralized lending, borrowing, and trading functionality.
Perpetual trading contracts deployed, feature launch imminent.
Mainnet goes live featuring fixed-rate USD loans against BTC collateral starting at 1%.
New partnership with Pendle Finance enables uptBTC deployment for optimized yield strategies on BTC vaults
Mainnet deployment specifically scheduled for this month (May 2025); BTC Vaults confirmed available on Ethereum network.
Asset migration from deposit contract to mainnet is currently in progress. User funds remain secure during the transfer.
BTC vault has reached $11M+ TVL, provides 100k daily points, and will transition to 15% APR in May with a 50M cap.
BTC Vaults now available in pre-launch phase with early depositor rewards before mainnet launch.
Platform transitioning to mainnet; users must freeze testnet rewards before deadline to continue earning on mainnet.
Platform expansion to Velar introduces perpetuals trading and dual earning mechanisms.
Auto-bridging feature launches next month with opt-out mechanism for existing assets.
New yield-earning partnership with Upshift launches; BTC vaults coming soon.
ZeroLend launches on testnet, enabling lending functionality for Bitcoin modular stack.
StorkOracle integration enables real-time, low-latency data feeds for BitcoinFi applications.
Testnet reaches 37,000 active users utilizing Bitcoin, demonstrating significant early adoption.
Mainnet launch approaching with mUSD rewards program and six new partnerships announced.
Wormhole partnership established as official interoperability provider for Bitcoin-centric lending and earning platform.
Announced Tigris integrated incentive framework to reward long-term commitment, align stakeholders, and transform BTC into supernormal capital.
Recently rolled out major upgrades to UI and Borrow Flow for Bitcoin users.
Building Bitcoin-backed stablecoin and DeFi platform consolidating lending and staking tools.
Community Hackathon announced in partnership with Dripchain, offering 400k mats and $5k cash bounty for building SocialFi apps.