🐱 猫哥今天讲点硬核但不难懂的

如果你手里有 BTC，
又不想为了收益瞎折腾风险，
那你一定要看懂 Mezo 在干嘛。
@MezoNetwork

一、先给 Mezo 定个性

👉 Mezo 不是“BTC 炒收益”，而是：
让 BTC 成为一条链的核心生产资产，
持续吃真实手续费。

不是靠印币
不是靠高杠杆
不是靠赌行情
而是——

BTC = 链上经济的根基。

二、Mezo 是怎么用 BTC 的？

🧱 第一步：锁 BTC

你把 BTC 存进 Mezo：
BTC 仍归你（自托管逻辑）
选择锁定期限

系统会给你一个东西👇

👉 veBTC

三、什么是 veBTC？一句话讲清楚

🐱 veBTC = 你在 Mezo 里的
「股权 + 分红权 + 治理权」。

它由两件事决定：

1️⃣ 锁了多少 BTC
2️⃣ 锁了多久

锁得越多、越久：

话语权越大

分到的 BTC 手续费越多

四、veBTC 吃的是什么收益？

重点来了👇

veBTC 吃的是「真实收入」，不是补贴。
Mezo 有三条稳定 BTC 收入来源：

💰 1️⃣ 借贷利息

BTC 抵押借 MUSD，

固定 1% 利率 → 分给 veBTC

👉 稳定、可预测

🔁 2️⃣ 交易手续费

BTC / MUSD swap

LP + veBTC 分

👉 用得越多，赚得越多

🌉 3️⃣ 链上 & 跨桥手续费

BTC 进出、链内流转

👉 全部回流 veBTC

👉 veBTC = 一把钥匙，

能吃整个 Mezo 链的 BTC 现金流。

五、为什么 Mezo 的 BTC 收益更“抗崩”？

Mezo 其实是在正面否定传统 BTC 收益模型👇

❌ 基差 / 杠杆：看行情，一出事就爆
❌ 通胀补贴：前高后断，靠印币续命
❌ 跨桥包装：风险碎片化，流动性分散

✅ Mezo 的解法很简单：
不赌行情

不靠通胀

不拆 BTC

只做一件事：

让 BTC 成为链上生产资料。

六、MEZO / veMEZO 是干嘛的？

🐱 先一句话稳住你：

BTC 是根，MEZO 是放大器。

🔑 veBTC = 基础权重（1x）

不需要 MEZO
只锁 BTC
就能吃收益 + 投票

🚀 veMEZO = Boost

想要更高权重：

👉 把 MEZO 锁成 veMEZO

⚠️ 但有上限：

MEZO 再多，也不能无限放大

防止巨鲸碾压系统

七、一个很聪明的设计：Boost 是市场化的

👉 BTC 多，不想买 MEZO？

给 veBTC 提供激励
吸引 veMEZO 挂过来

→ 你付钱，别人帮你放大权重

👉 MEZO 多，BTC 不多？

把 veMEZO 挂到优质 veBTC

→ 不拿 BTC，也能分 BTC 收入
这是一个

BTC 和 MEZO 各取所需的系统。

八、

👉 Mezo 不是：

高 APY 诱惑盘

快进快出的 DeFi 赌局

👉 它更像是：

BTC 原生的链上经济系统
偏长期、偏稳态、偏机构友好

如果你是：

BTC 长期持有者

不想乱跨桥

想吃真实手续费

👉 veBTC 值得研究。

九、

先看懂机制，再决定锁多久。

别为了短期收益，牺牲长期选择权。

保持建设吧兄弟们

视频来源于官推 :MezoNetwork

@xeetdotai

🐱 Cat’s take: hard stuff, explained simply

If you’re holding BTC,
and don’t want to take unnecessary risks just to chase yield,

then you really need to understand what Mezo is building.

MezoNetwork

1. How to define Mezo

👉 Mezo is not about “trading BTC for yield.”
It’s about turning BTC into the core productive asset of a blockchain,

earning real, sustainable fees.
Not by printing tokens
Not by leverage
Not by betting on market cycles
But by making one thing clear:

BTC = the foundation of the on-chain economy.

2. How does Mezo actually use BTC?

🧱 Step one: lock BTC
When you deposit BTC into Mezo:
BTC still belongs to you (self-custodial by design)

You choose a lock duration
In return, you receive👇
👉 veBTC

3. What is veBTC? One sentence version

🐱 veBTC represents your
“equity + revenue rights + governance power” on Mezo.

It’s determined by two factors:

1️⃣ How much BTC you lock
2️⃣ How long you lock it for

More BTC, longer locks:

Greater influence

A larger share of BTC-denominated fees

4. What kind of yield does veBTC earn?
Here’s the key👇
veBTC earns real revenue, not subsidies.

Mezo has three stable BTC revenue streams:

💰 1️⃣ Lending interest

BTC is used as collateral to borrow MUSD
A fixed 1% rate → distributed to veBTC holders
👉 Stable and predictable

🔁 2️⃣ Trading fees

BTC / MUSD swaps
Fees shared by LPs and veBTC
👉 More usage, more revenue

🌉 3️⃣ Chain & bridging fees

BTC moving in, out, and within Mezo
👉 All flows back to veBTC

👉 veBTC is the master key

to the entire BTC cash flow of the Mezo chain.
5. Why is Mezo’s BTC yield more resilient?

Mezo directly challenges traditional BTC yield models👇

❌ Basis & leverage trades — market-dependent, blow up under stress
❌ Inflation-based yield — high early, collapses as emissions end
❌ Wrapped / bridged BTC — fragmented liquidity, complex trust assumptions

✅ Mezo’s approach is simple:

No market bets

No inflation
No BTC fragmentation

Just one principle:
make BTC a productive on-chain asset.

6. What are MEZO and veMEZO for?

🐱 One line to anchor this:

BTC is the base. MEZO is the amplifier.

🔑 veBTC = base weight (1x)

No MEZO required
Lock BTC only
Earn fees + vote

🚀 veMEZO = Boost

If you want more influence:

👉 Lock MEZO into veMEZO
⚠️ With strict limits:

No amount of MEZO can scale influence infinitely
This prevents whale domination

7. A smart design: boosts are market-driven

👉 Have BTC, don’t want MEZO?
Offer incentives on your veBTC position
Attract veMEZO attachments
→ You pay, others amplify your influence

👉 Have MEZO, not much BTC?

Attach veMEZO to strong veBTC positions

→ Earn BTC-denominated revenue without holding BTC
This creates a system where

BTC and MEZO participants each get what they want.
8. Final take
👉 Mezo is not:

A high-APY bait
A short-term DeFi casino
👉 It’s closer to:
A BTC-native on-chain economic system
Long-term oriented, stable by design, institution-friendly

If you are:
A long-term BTC holder

Someone who wants to avoid risky bridges

Someone seeking real fee-based returns

👉 veBTC is worth studying.

9. One last piece of advice

Understand the mechanism first.
Then decide how long to lock.
Don’t sacrifice long-term optionality for short-term yield.

Keep building, brothers.

Video source: MezoNetwork