A new Bitcoin-native DeFi product is about to launch: Mezo is building core infrastructure to enable users to unlock more utility from their BTC. MUSD is Mezo’s native, over-collateralized, Bitcoin-backed stablecoin, pegged 1:1 to the US Dollar. It uses a MakerDAO-style CDP model, meaning each MUSD is minted by locking up BTC as collateral. You pay 1-5% APR to borrow, and once you hold MUSD, you can deposit it into the MUSD Vault to earn passive yield. The Pre-Launch BTC Vaults allow users to deposit wrapped BTC (tBTC, WBTC, cbBTC) and start earning yield immediately, even before @MezoNetwork's mainnet launch. With that said, mainnet launch is later in Q2.