Mezo taps Aerodrome to support token trading on Base in Bitcoin DeFi push

2 hours ago

Mezo, a Bitcoin-native lending protocol, volition collaborate with Aerodrome Finance to enactment trading enactment for its token and Bitcoin-backed stablecoin connected the Base network, arsenic projects look for ways to bring much fiscal usage cases to Bitcoin.

In a Thursday announcement, Mezo said it volition allocate 2.25% of its MEZO token proviso to Aerodrome’s vote-escrow (veAERO) participants — users who fastener tokens successful speech for governance rights and rewards. The programme is designed to promote those users to nonstop funds into MEZO trading pairs, expanding enactment astir the token and its US dollar-backed stablecoin, MUSD.

Aerodrome is simply a liquidity provider connected Base built by the squad down Optimism, a configurable endeavor blockchain infrastructure.

The concern links Base-based traders with a newer radical of Bitcoin-focused applications, arsenic developers experimentation with adapting existing DeFi models to Bitcoin.

Mezo, which allows users to get against their Bitcoin (BTC) holdings, said it has issued much than 2,000 loans and helped determination astir $23 cardinal successful Bitcoin-denominated assets from Ethereum.

The determination gives Mezo entree to a ample and progressive DeFi idiosyncratic basal connected the Base network. Bitcoin-native applications often conflict to pull capable trading activity. On Base, infrastructure specified arsenic Aerodrome tin assistance enactment much accordant trading successful caller tokens and stablecoins.

Bitcoin DeFi enactment grows arsenic caller platforms emerge

Bitcoin is progressively being positioned arsenic a basal furniture for decentralized finance, driven successful portion by expanding organization information and semipermanent holders seeking ways to make returns connected idle assets.

Bitcoin-based DeFi enactment has picked up since 2024, with a increasing fig of platforms aiming to bring lending, borrowing and output strategies to the network.

Recent examples see Lombard, which is gathering Bitcoin-based lending infrastructure and has teamed with Bitwise to let organization investors to gain output and get against their Bitcoin holdings.

Another project, Hashi, has precocious launched connected the Sui network with aboriginal information from BitGo, Bullish and FalconX, among others. The level enables users to gain output connected Bitcoin done onchain lending and borrowing.

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