What is Mezo?

Mezo is a Bitcoin-native crypto protocol that lets people borrow, spend, and earn without selling their BTC. It launched on mainnet in May 2025 and focuses on fixed-rate, Bitcoin-backed loans via its stablecoin, MUSD. The idea is deliberately simple—almost boring in a good way. Keep custody of Bitcoin, unlock usd liquidity, and avoid being forced into selling during bad timing.

Where does the MEZO token fit in?

MEZO is the coordination token. It has a fixed 1 billion supply and is used for incentives, governance, and emission routing. Bitcoin stays the economic anchor; MEZO just steers behavior around it. Think of MEZO less as a standalone asset and more as the system’s tuning knob.

How is MEZO actually allocated?

The allocation follows a straightforward 40/30/20/10 split. Community incentives take 40%, investors hold 30%, the Thesis team has 20%, and the foundation controls 10%. There was no public token sale attached to this setup. The structure clearly favors long-term ecosystem alignment over fast liquidity optics.

What’s going on with vesting and unlocks?

Exact cliffs and unlock dates haven’t been publicly disclosed. Instead, Mezo uses a “productive vesting” model. Unvested MEZO can be locked to participate in governance and earn boost multipliers, but it doesn’t become liquid early. In practice, that means involvement without sudden supply shocks.

How much money has Mezo raised?

Mezo has raised $28.5 million across two confirmed rounds. A $21.0M Series A closed in April 2024, followed by a $7.5M Strategic Round in July 2024. There was no ICO or IEO. The funding went toward building and launching the protocol, not manufacturing token liquidity.

Who backed the project?

The Series A was led by Pantera Capital, with Multicoin Capital, Hack VC, and Draper Associates also participating. The Strategic Round added Manifold Trading, Bybit, ArkStream Capital, GSR Markets, Origin Protocol, and Mantle. It’s a blend of long-horizon venture capital and market-aware strategic players, which is worth noting.

Is the MEZO airdrop live?

Yes. MEZO airdrop registration is currently active. Eligibility is based on Mats earned through participation across the Mezo ecosystem. The snapshot date and final distribution timeline are still marked as TBA, so activity helps—but nothing is guaranteed yet.

How do you earn Mats in practice?

By actually using the protocol. That includes Mezo Earn with Bitcoin, borrowing through MUSD loans, swapping supported assets, and other ecosystem actions. Referrals can add bonus Mats before the snapshot. Passive wallets don’t really move the needle here—usage does.