Vault Notices
This page lists current migration and wind-down notices for vaults on Mezo Earn.
| Vault | Status | What you need to do |
|---|---|---|
| BTC Vault | Winding down. Deposits are closed. | Withdraw by October 28, 2026 |
| cbBTC Vault | Deposits are closed. Migration to the BTC Vault has ended. | Withdraw your remaining cbBTC Vault funds |
| Stablecoin Vault | Deposits are paused and the vault is winding down | Start your withdrawal by July 31, 2026 |
BTC Vault wind-down
Section titled “BTC Vault wind-down”The BTC Vault (mbhBTC), operated with Mellow and Sense Capital, is winding down. Deposits are closed. Withdraw your funds by October 28, 2026.
Withdrawals are queued, so start early. You must request your withdrawal by October 28; processing and claiming can happen afterward. Requesting a withdrawal does not immediately return your funds to your wallet.
Withdrawing from the BTC Vault
Section titled “Withdrawing from the BTC Vault”- Open the BTC Vault and connect the wallet that holds your position.
- Select Withdraw, choose the amount and follow the transaction prompts.
- Wait for your withdrawal request to be processed.
- Return to the vault page and claim your tokens when they are ready.
If you previously migrated cbBTC Vault shares into the BTC Vault, these instructions apply to that position too. There is no replacement vault as part of this wind-down.
Finding your position
Section titled “Finding your position”Once the wind-down is announced, the BTC Vault appears in the vault list only for wallets with a remaining position. Holders continue to see it after October 28, including while a withdrawal is pending or ready to claim. You can also open the vault directly using the link above.
Help after October 28
Section titled “Help after October 28”Contact Mellow support on Discord for help withdrawing after October 28.
cbBTC Vault withdrawals
Section titled “cbBTC Vault withdrawals”Deposits to the cbBTC Vault are closed, and migration to the BTC Vault has ended. If you still hold cbBTC Vault shares (mbhcbBTC), withdraw your remaining funds from the cbBTC Vault. Withdrawals remain available in the app.
Open Mezo Vaults, connect the wallet that holds your cbBTC Vault position and select Withdraw on the cbBTC Vault page.
Stablecoin Vault wind-down
Section titled “Stablecoin Vault wind-down”The Stablecoin Vault, operated by Lhava on Mellow’s vault framework, is winding down. Deposits are already paused.
If you have a position in the vault, start your withdrawal by July 31, 2026. The vault supports positions funded with mUSDC, mUSDT, or MUSD and issues msvUSD receipt tokens. Withdrawals are processed in mUSDC, regardless of whether your position was funded with mUSDC, mUSDT, or MUSD.
How to withdraw
Section titled “How to withdraw”- Go to Mezo Vaults and open the Stablecoin Vault.
- Select Withdraw and follow the prompts for your position.
- Confirm the transaction and allow approximately 48 hours for the withdrawal queue to process.
After July 31, 2026, the Stablecoin Vault will no longer appear in the app. Mellow will manage the remaining funds and process late withdrawals. If you miss the withdrawal window, open a support ticket in Mellow’s Discord.
Where to put stablecoins next
Section titled “Where to put stablecoins next”Before moving funds, compare the supported asset, strategy, withdrawal terms, and current rate in the app. Rates are variable, and every option carries smart contract and strategy risk.
| Option | How it works | What to consider | Visit |
|---|---|---|---|
| MUSD Savings Vault | Deposit MUSD and receive sMUSD. Yield comes from MUSD protocol activity and accumulates in the sMUSD exchange rate. | A single-asset option with no withdrawal fee or time-lock. The rate varies with protocol activity. Staking sMUSD changes how your rewards are earned. | View MUSD Savings Vault |
| USDC Lending Vault | Deposit mUSDC into the Morpho BTC/mUSDC lending market. Earn borrower interest, or stake for MEZO emissions. | Review the live rate, available withdrawal liquidity, and lending risks. Withdrawals can be limited when utilization is high. See the USDC Lending Vault guide. | View USDC Lending Vault |
| mUSDC/MUSD Stable CL Pool | Provide mUSDC and MUSD liquidity within a selected price range to earn trading fees and any available incentives. | Requires active range management. A position that moves out of range stops earning fees, and liquidity providers face impermanent loss and smart contract risk. | View mUSDC/MUSD Stable CL Pool |
View more ways to earn on the general Mezo Pools and Mezo Vaults pages.