Saus

[Mezzanine @mezzanine_fi]

Tranche anything.

Lending. Loops. LP positions. Market-neutral and basis trades. Arbitrage. Pendle PTs. Already-tranched vaults. RWAs. Multi-chain strategies.

If it has yield, Mezzanine can tranche it.

[Saus @CryptoMeatStick]

@mezzanine_fi The wait is almost over

[Mezzanine @mezzanine_fi]

The wait's almost over. ᵃᵘᵈⁱᵒ ᵒⁿ

The first Mezzanine vault opens soon.

Turn on notifications so you don't miss it. 🔔

[Mezzanine @mezzanine_fi]

Mezzanine is close.

The app is in testing now. A points campaign is on the way.

[Saus @CryptoMeatStick]

@phtevenstrong @Morpho Have you tried Aave V4, no mention of the oracle or the oracle contract anywhere on the frontend.
I don't know if these new frontends and contracts are designed assuming everyone uses just agents to check oracles now.

[Mezzanine @mezzanine_fi]

New Mezzanine landing page is live at https://t.co/GUjogK3eID. Docs, socials, everything you need to explore Mezzanine, all linked from the new page. App and pre-deposit will show up here the moment they're ready. Also picked up the gold check on X while we were at it.

[Stephen | DeFi Dojo @phtevenstrong]

What's Mezzanine's Edge?

The purpose of @mezzanine_fi is to give retail access to yields they otherwise wouldn't be able to get themselves.

Aside from optimizing and automating things like peg and rate arbitrage, we're basically a wholesaler for yields.

I.E., because of Mezzanine's ability to provide stickier and more reliable liquidity, and due to pre-existing relationships with teams, builders, asset issuers, and real-world institutions, we can squeeze out a few extra bps on some of the currently most trusted strategies in defi.

➢ Fee rebates
➢ Token Incentives
➢ Paper Yield kickbacks
➢ Unique points multipliers

And then we give you three tranche options so you can choose your own risk™

Pre-Deposit Vault Coming: 🎇July 🎆

[Mezzanine @mezzanine_fi]

July 1st. See you there.

[Mezzanine @mezzanine_fi]

The docs are live. The pre-deposit vault goes live July 1st. Start here. https://t.co/MaKcitwEAB

[Saus @CryptoMeatStick]

@daniel_web3 @mezzanine_fi You mean like an IPFS site? I like this.

[Mezzanine @mezzanine_fi]

1/ DeFi is quietly becoming a different game. Here's what that means and how Mezzanine is built around it.

[Saus @CryptoMeatStick]

- Crypto-only device (no socials, no browsing, no coding).
- Limit browser extensions to essential only.
- Get your links from Defi Llama/ Don't visit untrusted links.
- If something looks too good to be true or there is a rush to do it, just back off and seek a second opinion.
- Hardware wallet, always.
- Read what you sign and revoke approvals.
- Read this https://t.co/oMMT05WfNZ

[Stephen | DeFi Dojo @phtevenstrong]

Why does @mezzanine_fi need to exist?

Great question. There are so many protocols, so many stablecoins, so much noise in this space, so why Mezzanine?

We're solving for three major problems.

1) People want leveraged exposure to yield without first loss exposure.

One of the reasons I like @re's design so much is that reUSDe behaves more like a mezzanine tranche than a junior tranche because of their "super junior" institutional capital that takes actual first loss.

This makes reUSDe much more attractive.

Likewise, we saw @avantprotocol come out of the rsETH debacle like absolute champions because of their built-in super-junior reserve which saved their junior avUSDx depositors from losses.

Our Mezzanine tranche (MLT) is poised to be exactly this: a yield bearing vault that gets leveraged exposure to yield like a junior tranche, but DOES NOT take on first loss exposure like a junior tranche.

And that's why it's (imo) our flagship vault. It's purpose is to be a hyper-composable high yielding defi asset that you can use anywhere, knowing that if there are ever credit crunches, exploits, depegs, or anything else that would cause the protocol a loss, MLT would still be protected by a more junior layer (JLT).

2) People want access to high-grade, exogenous, and endogenous yields.

Many yield-protocols, with some notable exceptions (shout out to Re, @infiniFi, @onrefinance, @USDai_Official, @apyx_fi and the like) are just wrappers for defi farming.

We understand this. Our goal with onchain yields is to work directly with partners to access yields normally unavailable to retail. These exist because at size, there are additional incentives for sticky liquidity, which Mezzanine can offer in part due to our duration hedging with MLT, and therefore benefit from cross-protocol agreements that the lay defi user can't access.

Moreover, our technical capacities allow us to analyze the risk of and execute on and automate peg arbitrage, and market curation.

But aside from that, we're building for the future of DeFi, which includes exogenous yields. Whether those sources be tradition investment vehicles like mGlobal, or yield sources like reinsurance, AI-infrastructure, basis, credit financing, or anything else, our goal is to aggregate the best of off chain and on chain yields, and allow users to pick their risk profile through our tranching mechanism.

3) Tokenomics need new life

This one may get me in trouble, but we developed our tokenomics at the same time as Mezzanine, because we intended to build a protocol whose answer to "but why do you need a token" is self-evident.

The MEZZ token has a use case directly beneficial to the protocol, whose value should be equally self-evident and mathematically deducible. While this may not make for insane or manic premium, it should make for a directly scalable asset whose health feeds the protocol and vice versa.

Without saying too much, MEZZ issuance will feed a protocol-owned junior tranche, which creates a sticky first loss backstop while also producing revenue that can be used to purchase and redistribute yield to stakers in a completely non-inflationary way.

Our friends at Pendle may or may not have been inspired by our design.

I know it seems like we've delayed for quite some time. But we're three audits deep, and already a good bit into the development of V1.5.

Moreover, we're going through rigorous operational security practices that would hopefully make the NSA blush.

Ultimately, there is no reason for Mezzanine to exist unless it brings something genuinely new and genuinely needed to DeFi.

Mezzanine does both, and I couldn't be more exited for launch.

It's coming, lads. Stay tuned.

[Saus @CryptoMeatStick]

@crypto_linn @mezzanine_fi Pezzanine

[Saus @CryptoMeatStick]

@miketester71 @mezzanine_fi There's always hope. When everyone's lost hope is when you see the greatest comeback. Look at what happened after Ftx and Alameda last cycle, Solana ripped, Ethena and Hyperliquid were born as a move from the Cex to 3rd party custodians and self custody.

[Saus @CryptoMeatStick]

@crazydnekana @mezzanine_fi "buy when there's blood in the streets." A rich man once said.

[Saus @CryptoMeatStick]

Personally loving @0xfluid , @pendle_fi , @ipor_io and @infiniFi right now. Sustainable yield in 2026 comes from security focused platforms that can pivot quickly to the best risk adjusted returns. RWAs are blurring the lines between DeFi and TradFi. DeFi enables transparency and rapid pivots. AI is making it easier to DD the underlying strategies.

[Saus @CryptoMeatStick]

@0x_dani8 @mezzanine_fi yeah you don't need AI to read the docs and understand how the protocol works, but it can be handy to deep dive the contracts and oracles, explain complicated math, even set up a personal dashboard to track positions, liquidity, or token movements.

[Saus @CryptoMeatStick]

@ustyianskyi @mezzanine_fi this is awesome, I'm happy you did Mezzanine first, but I also can't wait to read more of these.

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

If you think DeFi isn't innovating anymore, you haven't been paying attention.

Here's 7 interesting things I saw happen in DeFi this week: