Mezo is growing! We’ve successfully migrated $23 million in Bitcoin assets from Ethereum to Mezo 🎉 Huge thanks to our partners @MellowProtocol and @turtledotxyz! The previously Ethereum-wrapped BTC now lives on Bitcoin-native infrastructure and is ready to be put to work.

More BTC sits on Ethereum than on any sidechain because Bitcoin lacked tools to keep assets productive. We built the lending and yield infrastructure to finally give holders a real reason to leave Ethereum behind and come home.

On top of base vault returns, depositors earned a ~32% yield boost distributed as veMEZO with a 3-month lock — these rewards will be claimable on the Mezo rewards page after TGE. In the meantime, your vault will continue to earn the base strategy yield.

After TGE, depositors can stake their vault receipt token to become eligible for MEZO emissions directed by veBTC voters each epoch. Base vault yield + MEZO emissions. A simple way to stack BTC yield.