Overview
- Mezo will stream 2.25% of its MEZO token supply over 30 days to Aerodrome’s veAERO voters to seed trading pools for MEZO and MUSD, a Bitcoin-backed stablecoin, on Base.
- Aerodrome is the largest decentralized exchange on Coinbase’s Base network and has surpassed $1 billion in locked funds using a vote-escrow model that directs token rewards to chosen pools.
- VeAERO holders include protocols, large traders, and firms such as Coinbase Ventures and Animoca Brands, and their votes steer where AERO rewards and fees flow.
- The Aerodrome deal follows Mezo’s Bring Bitcoin Home campaign that moved about $23 million in wrapped BTC assets from Ethereum and lifted reported total value locked to roughly $76.3 million.
- Mezo pays BTC depositors from loan interest, origination charges, and swap fees, with incentives currently near 4% APR, and the new incentives will show if this can pull more collateral into BTC-backed credit.