Mezo Partners With Aerodrome Finance To Establish MEZO Token Liquidity And Expand Bitcoin DeFi Ecosystem
Mezo, a decentralized lending platform for Bitcoin, has introduced a strategic partnership with Aerodrome Finance, the most important decentralized change on the Base community, designating the platform as the first DeFi liquidity hub for the MEZO token. Under the settlement, Mezo will allocate 2.25% of the overall MEZO provide to Aerodrome’s veAERO voters over a 30-day interval.
The collaboration goals to ascertain deep, decentralized liquidity for each MEZO and MUSD, Mezo’s Bitcoin-backed stablecoin, whereas connecting Base’s vote-escrow individuals with Bitcoin’s rising decentralized finance ecosystem.
Aerodrome Finance serves as a key liquidity supplier inside the Base ecosystem and was developed by the group that refined Curve’s authentic vote-escrow mannequin by way of Velodrome. Its veAERO voter base consists of among the most skilled and well-capitalized individuals in DeFi, together with protocols and high-net-worth merchants who’ve beforehand contributed to sustainable yield fashions on Base. The partnership positions these individuals to interact with Bitcoin-based DeFi in an identical method.
Mezo’s yield infrastructure, Mezo Earn, applies the vote-escrow mannequin to Bitcoin lending, described internally as an “Aerodrome for Bitcoin lending.” By collaborating with Aerodrome, Mezo targets an viewers accustomed to vote-escrow mechanics, facilitating a transition from Base’s income financial system into Bitcoin’s DeFi market.
The construction of the partnership encourages Aerodrome’s voter base to allocate AERO tokens towards Mezo buying and selling pairs, attracting liquidity and supporting the depth wanted for MUSD to perform successfully as collateral throughout the DeFi panorama.
Mezo Strengthens Bitcoin DeFi Presence Following $23M ‘Bring Bitcoin Home’ Campaign
The partnership follows Mezo’s latest “Bring Bitcoin Home” marketing campaign, which migrated roughly $23 million in Bitcoin-denominated belongings from Ethereum to Mezo’s mainnet. The initiative included pre-deposit vaults on Ethereum through Mellow Protocol, drawing tBTC, cbBTC, WBTC, and USDT holders who beforehand maintained Bitcoin in wrapped positions on third-party chains. Deposits have been distributed by way of Turtle Club, a DeFi yield sourcing community.
Mezo at present experiences a complete worth locked of roughly $76.3 million and continues to draw deposits regardless of broader market contraction. The protocol has processed roughly $500 million in MUSD quantity, issued greater than 2,000 loans at a set 1% APR, and helps over 43,500 mainnet customers. Yield is generated from borrower curiosity on MUSD loans, origination charges, and swap charges from Mezo’s native DEX. BTC holders at present earn round 4% APR by way of early incentives and rewards, with MEZO token emissions anticipated to contribute considerably to total yield, shifting towards a mannequin primarily supported by protocol income.
Mezo’s infrastructure consists of validators corresponding to P2P, Chorus One, and Everstake, and the protocol has been audited by Quantstamp and Thesis Defense. Institutional participation is facilitated by way of integration with Anchorage Digital, which offers custody and compliance companies.
To date, Mezo has raised $28.5 million in seed funding led by Pantera, with contributions from Multicoin, Paradigm, Polychain, Draper, Nascent, a16z, and ParaFi.
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