Over the weekend I’ve been digging deeper into Mezzanine and am growing increasingly more bullish. I’ve deposited 10k+ of my own funds into the protocol and it’s earning an excellent yield + generating points which I suspect will become quite valuable too in due time.
A bunch of reasons why I am bullish:
1) The founder, @phtevenstrong, is a true OG in the defi space and has been around for years. He knows how to find the best yields and put together innovative strategies and find edges in places others don’t think to look. He has a great reputation and a lot of connections in the space.
2) This isn’t some app that has been vibe-coded over a weekend, the first public post was made back in February (https://t.co/beNSZ3Wl20), and they’ve been building in public all year.
3) The tranches mechanism of allowing users to choose their own risk profile is genuinely interesting, and when coupled with tapping into RWAs for yield generation creates an opportunity not found anywhere else on the market.
4) It’s early with only ~$5m TVL and one vault so your points per capital deployed ratio is going to be very high. I suspect the TVL is going to grow rapidly as more people discover the platform and more vaults are deployed. I believe they’re aiming for 2-3 per month.
5) It has some people I really respect as seed investors, like @rektdiomedes who said it’s the first seed investment he’s made in three years (https://t.co/eUkEdprKTn)
6) They can explain where the yield is coming from and are hyper transparent about everything, see this post to understand how they’re generating yield for their first vault, The Hastra Optimizer (https://t.co/XrjcSSkK8l)
Yes I partnered with them to help spread the word and will receive some compensation for the whole deal, but I have partnered with many projects over the years and there aren’t that many that I am going and putting 5 figures of my own funds into (more than I’m receiving for our partnership) purely because I think it’s a great protocol and opportunity. With Mezzanine I think it’s a great opportunity.
It’s not without risks ofc, like anything in defi, so please dyor too and only put in funds that you’re comfortable with and that are appropriate for your portfolio and risk profile.
But I really do recommend checking them out and at least keeping them on your radar. I suspect we’ll be hearing a lot more about Mezzanine in the coming months. This is another post I found which I think offers a really balanced and good perspective, and is also worth reading for those wanting to learn more: https://t.co/RlLh7SCRok.
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