Bring Bitcoin Home: Earn with Mezo's Pre-TGE Vaults
There's more Bitcoin on Ethereum than on any Bitcoin sidechain. Today, that changes. Mezo's pre-deposit vaults are live—early depositors earn up to 7% APR with boosted MEZO rewards.
Where bitcoin sits today
Here’s a fact that should embarrass every Bitcoiner: there’s more bitcoin on Ethereum than on any Bitcoin sidechain or L2.
Over $11 billion in wrapped bitcoin sits in Ethereum DeFi:
- Earning 0.3% yields in Aave
- Getting frontrun by MEV bots in Uniswap
- Trapped in wrapped tokens that are just IOUs from centralized custodians
- Paying variable rates that spike to 20%+ when markets move
Bitcoin holders became Ethereum’s richest refugees. This didn’t happen because they wanted exposure to Ethereum. It happened because Ethereum had working financial primitives, and Bitcoin didn’t.
If you wanted to borrow against BTC, manage risk without selling, or access liquidity, you wrapped it and crossed chains. That workaround became the default.
Defaults harden quickly in markets, even when they’re suboptimal.
The last few years produced a graveyard of Bitcoin “Layer 2s” that completely missed the point—shipping memecoin casinos, NFT sideshows, and smart contracts nobody asked for.
Running bitcoin
The irony is that Bitcoin’s earliest contributors expected the opposite outcome. Sixteen years ago, Hal Finney—running the second node on the network and receiving the first Bitcoin transaction ever sent—envisioned Bitcoin-backed banks, issuing redeemable digital cash on top of BTC.
Not casinos, and not the central-entity dependent onchain finance system that exists today.
Simple, bitcoin-backed banks.
Mezo is building Hal's banking experience.
A Bitcoin-native borrowing stack with fixed-rate loans. A 100% Bitcoin-backed stablecoin. Swaps and vaults so your BTC can earn, without you selling. Fiat on-ramps for spending. The infrastructure Bitcoiners actually need for practical, everyday utility—not another playground for degens.
Bring Bitcoin Home
Bitcoin has been forced to adapt to third-party chains for far too long.
Today, we are opening pre-deposit vaults on Ethereum for BTC holders ready to migrate to Mezo’s Bitcoin-native infrastructure.
Deposit tBTC, cbBTC, WBTC, or USDT. At the end of January, vault assets migrate to Mezo, where you can access fixed-rate borrowing, native yield, and a full DeFi stack—all without leaving the Bitcoin economy.
Early depositors earn boosted MEZO rewards.
Up to 2.5% of the total MEZO supply has been allocated to Bring Bitcoin Home. Early depositors earn boosted MEZO rewards starting at a 32% incentive APR (~34% estimated total APR, including the base yield). Rewards are distributed on a first-come, first-served basis.
Time is of the essence.
Bitcoin Finance on Bitcoin Rails
Mezo is made for Bitcoin.
On Mezo, Bitcoin is the system. You earn yield on BTC, borrow against BTC, and save in BTC. A full financial stack to enable self-custodial bitcoin banking looks like:
- Loans at 1% fixed rates. No more variable rates that spike when markets move. Borrow against your Bitcoin with predictable, fixed costs.
- Sats as gas. This way, you don’t need to hold anything but BTC.
- Real yield from real activity. Sustainably earn by providing liquidity to other Bitcoiners. Bitcoin does not subsidize Ethereum degens.
- No IOUs. Not your keys, not your coins. Withdraw your BTC whenever you want, secured by Bitcoin-native infrastructure.
Hal envisioned a banking layer built on Bitcoin. Banks that issue digital currency redeemable for BTC. Loans against your holdings. Yield from real activity.
That's Mezo.
Key Upcoming Dates
- Today (Jan 12): Vaults open. First deposits get ~34% total APR.
- January 26th: Vaults lock, migration to Mezo begins
- March 23rd: Vaults unlock on Mezo, depositors get MEZO.
For details on how the MEZO token operates within the Mezo Earn economy and how depositors accumulate more BTC, read the whitepaper.
Deposits are now open at comehome.mezo.org.
Bring your Bitcoin home.