Mezo’s veBTC yield-boosting design now has a dedicated coordination market to earn more: @MatchboxMarkets
The mechanic: locking BTC for veBTC earns fees (0.03% currently), but you can get up to a 5x boost if you lock MEZO tokens.
The situation: BTC depositors want yield without holding MEZO tokens; MEZO holders want to monetize their locked power without supplying BTC. Because BTC is the scarce asset today, so a market has opened up, sharing revenue with MEZO holders.
- BTC depositors get up to 5x boosted yield directly.
- MEZO lockers take a cut of the boosted yield.
Matchbox (https://t.co/h7rw5rTIJF) matches these two sides
Bitcoin DeFi without permission means tools get built by whoever needs them. Matchbox is one of those. Community-built.
It runs on Mezo Earn so veBTC and veMEZO lockers can find each other.
Check it out 🔽
https://t.co/Vk5qLSHoeh