Summary of BitcoinFi Expansion on Mezo Network:
- Mezo launches stBTC, a liquid-staked Bitcoin token, to bring Bitcoin yield to the DeFi market.
- stBTC is backed 1:1 with tBTC and users can mint it against WBTC and tBTC.
- Deposit WBTC and tBTC on Mezo to earn yield in the growing Bitcoin DeFi space.
- Mezo partners with various DeFi platforms like Morpho Protocol, Silo Finance, Beefy, and plans to expand further.
- Thesis is the developer behind Mezo and other successful projects in the cryptocurrency space.
Mezo Launches Liquid-Staked Bitcoin Token stBTC:
Mezo, a Bitcoin layer-2 network, introduces stBTC to bring Bitcoin yield to the DeFi market. Users can mint stBTC against their WBTC and tBTC tokens, enabling them to participate in Ethereum DeFi applications and earn yield in the Bitcoin DeFi space.
Expanding Bitcoin DeFi Ecosystem:
Mezo enables users to deposit WBTC and tBTC on their platform to mint stBTC and earn yield across various DeFi apps in the growing Bitcoin DeFi space. The team plans to expand to top DeFi platforms like Aave, GMX, and Synthetix, providing more opportunities for BTC holders to leverage their holdings.
