Vault Notices

This page lists current migration and wind-down notices for vaults on Mezo Earn.

Vault	Status	What you need to do
cbBTC Vault	Deposits are paused while the vault consolidates into the BTC Vault	Migrate your cbBTC Vault shares into the BTC Vault
Stablecoin Vault	Deposits are paused and the vault is winding down	Start your withdrawal by July 31, 2026

Withdrawals take time

Stablecoin Vault withdrawals are not instant. They use a withdrawal queue that can take approximately 48 hours to process.

cbBTC Vault migration

The cbBTC Vault, operated by Sense Capital, is consolidating into the BTC Vault. New mcbBTC deposits into the cbBTC Vault are paused.

If you hold mbhcbBTC receipt tokens from the cbBTC Vault, you can deposit those shares directly into the BTC Vault. You do not need to withdraw the underlying mcbBTC or bridge assets first.

How to migrate

1. Go to Mezo Vaults and open the BTC Vault.
2. Select Deposit.
3. In the asset picker, select your cbBTC Vault shares (mbhcbBTC).
4. Approve and confirm the deposit.
5. You will receive BTC Vault shares (mbhBTC) in exchange.

The BTC Vault’s yield is variable. Review its current strategy, rate, and risks in the app before migrating.

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.

How to withdraw

1. Go to Mezo Vaults and open the Stablecoin Vault.
2. Select Withdraw and follow the prompts for your position.
3. 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

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.