
pepper 花椒 解盘㊂ 正EV|Jun 12, 2025 14:32
I've been busy chasing Virtual these past few days, while also taking care of BSC's Tugou and DeFi on the E-sub chain. The medium to low intensity is just right for me, and I have a good body by going to bed early and waking up early. I'm planning to take out the BTC I put in OneKey to earn some interest, while alpha and beta are working together
After studying several options and comprehensively evaluating the risks and benefits, Mezo's BTC collateralized lending scheme was chosen.
Simply put, the logic is: pledging BTC to lend stablecoin MUSD, currently with an APR of only 1%, is much more cost-effective than the 8%+lending rate offered by centralized exchanges. Then MUSD can be replaced with USDT to quantify fund arbitrage, with a benchmark annualized rate of around 8%, resulting in a margin of around 7% (as discussed previously)
A 7% spread yield, compared to the 3.5% yield of 60 day CEXBTC, is twice as much
Operation steps:
1. Withdrawal of BTC from OneKey to Mezo Chain
2. Mortgage BTC lending MUSD (LTV 90%)
3. Cross chain conversion to USDT
4. Invest in the pool
At present, Mezo's main network has just been launched, and TVL is growing rapidly. The investment background is also good (led by Pantera). Although the governance token has not been issued yet, early participation should be able to enjoy some airdrop dividends. Compared to previous projects like Babylon, this model is at least more sustainable and does not rely solely on token subsidies for interest
Participation: https://mezo.org/overview
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