Mezo Airdrop for Users Who Borrowed Against BTC on Ethereum

If you've borrowed against BTC on EVM lending platforms, Mezo was built for you.

Historically, BTC-backed lending emerged on Ethereum and related ecosystems because they offered the earliest and deepest onchain credit markets. Borrowing against Bitcoin through protocols such as Aave, MakerDAO, or Compound required posting wrapped BTC collateral and accessing liquidity on non-Bitcoin execution layers. For many users, this was the only viable way to unlock credit against BTC without selling their position. As a result, borrowers accepted a set of structural constraints: wrapped BTC issued by custodians, variable interest rates, execution costs paid in ETH, and exposure to extractive transaction dynamics.

That era is over. Mezo introduces Bitcoin-native credit, without the structural compromises of EVM-based lending.

If you’ve borrowed stables against BTC on Ethereum, you may be eligible for a MEZO airdrop allocation.

Airdrop eligibility for BTC borrowers

Wallets that previously borrowed against BTC on EVM-based lending platforms are eligible to register for the Mezo airdrop. Eligibility is determined by historical onchain activity on the following platforms:

• MakerDAO / Sky
• Aave
• Compound
• Morpho
• Euler
• Curve crvUSD / LlamaLend
• Spark
• Moonwell
• Sovryn
• Avalon

Borrowing against BTC refers to posting Bitcoin or BTC-representative collateral and borrowing stablecoins or other assets in return. This includes popular BTC representations such as WBTC, tBTC, cbBTC, renBTC, LBTC, and FBTC.

IMPORTANT: Registered users must open an MUSD loan on Mezo to become eligible for a veMEZO allocation. Learn how to take out a loan here.

Registration & Qualification Registration

Airdrop registration is now open. Registration is required to be considered for allocation and does not guarantee a specific distribution amount.

To qualify for an allocation, you must take out an MUSD loan against your BTC on Mezo.

Check your eligibility and register at bankfree.mezo.org.
New to Mezo? Follow our step-by-step guides:

→ How to deposit BTC on Mezo
→ How to borrow MUSD

Why BTC borrowers matter

Most airdrops reward transaction volume. Users generate activity, claim tokens, and exit. The mechanism selects for extraction. Mezo's airdrop targets Bitcoin borrowers because borrowing against Bitcoin requires real capital commitment, active position management, and a preference for preserving BTC exposure over liquidating it.

This behavior is neither speculative nor transient. It reflects a deliberate choice to preserve Bitcoin ownership while accessing liquidity through the only infrastructure that supported the use case.

This is the user profile Mezo was designed to serve.

Maximize your MEZO airdrop

Registration is now open. If you’ve ever borrowed against BTC on EVM-based platforms, check your eligibility, register for the airdrop, and take the first step toward Bitcoin-native credit.

This is just the beginning. January marks 16 years since Hal Finney tweeted, "Running bitcoin."

We're marking the anniversary by opening the doors wider—pre-deposit vaults with boosted rewards, major liquidity migrations, and a public reckoning with the state of Bitcoin on Ethereum.

Register now to be among the first to experience what comes next.

Check eligibility and register: bankfree.mezo.org
If you’ve been borrowing on Ethereum because you had no choice, now you have one.