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Mezo Documentation

mats for Stablecoins

Bitcoin-Backed Stablecoins and Other ERC-20s

Assets: crvUSD, thUSD, USDe, USDC, USDT, DAI, T

Base Score: 500 mats per 40k USD per day, and 40K T earns 15 mats per day.

Lock-Up Multiplier: The same lock-up multipliers apply for stable deposits

BTC Bonus: Daily mats from Bitcoin-backed stables are applied to boost your BTC mats. The boost can be up to 100% of your mats generated from BTC deposits.

Currently, the BTC boost is only available for accounts that have deposited tBTC, WBTC, or another ERC-20 Bitcoin wrapper.

Your boost and cap can be from one stable deposit or a combination of multiple.

Viewing Your Boost

Your deposits are displayed at the bottom of the Mezo Portal’s “My mats” section.

Example: crvUSD

Let’s calculate Alice’s daily mats from her stablecoin and BTC deposits. Assume Alice deposits 2 BTC and $20,000 crvUSD into Mezo.

Stablecoin Calculation

  • Every 1,000 units of crvUSD earn 12.5 mats/day
  • crvUSD deposited: $20,000
  • Daily mats from crvUSD: 20 x 12.5 x 16x multiplier = 4,000

BTC Calculation

  • Each BTC earns 1,000 mats/day
  • BTC deposited: 2 BTC
  • Daily mats from BTC: 1,000 x 2 BTC x 16x multiplier = 32,000

Total Calculation

  • BTC-backed stable boosts daily BTC mats by up to 100% of BTC score.
  • Alice will earn an additional 4,000 on her BTC mats, bringing her daily mats to 36,000.

Final Daily Score: 32,000 from BTC + 4,000 from BTC boost + 4,000 from stables = 40,000 mats