Mezo Airdrop Guide | Step-by-step Guide

Mezo is a Bitcoin layer-2 platform designed to help users utilize their Bitcoin for everyday finance, without needing to sell their crypto assets, as it generates money or incentives in return through various DeFi opportunities, including lending, yield farming, borrowing, staking, and transactions.

The Mezo’s economy is powered by its native token, called MUSD, a first fully backed Bitcoin stablecoin pegged to the USD. This allows its community to instantly spend by borrowing against BTC at an interest rate of 1%, enabling them to tap into the real-world financial economy.

With its Mainnet fully functional, users can deposit BTC into a fixed-rate BTC loan account on the platform, earning yield returns in MUSD and exploring other opportunities on the Ethereum network.

Mezo Team – Who is Behind Mezo

The idea of Mezo network to put into use BTC was born by a Bitcoin-first venture studio founded by Matt Luongo, a developer who is behind the Mezo platform and ecosystem, and assisted by Fold, tBTC, and Lolli.

Contributors and Funding

Source – Mezo Funding

Mezo, in 2024, raised $21 million in a fundraising round through Pantera Capital, towards the project’s vision and the growth of its on-chain economy. Besides Pantera Capital, the fundraising round also included participation from Multicoin, Primitive Ventures, Hack VC, and other investors. This figure has since grown to $28 million, highlighting the project’s progress.

Mezo Airdrop – Step-by-step Guide

Mezo launched a campaign on Galxe to earn OATs.

1. Go to the Galxe and connect your wallet

2. Complete tasks and earn points:

3. Connect to Mezo mainnet, participate in ecosystem activities to earn Mats or Magic Satoshis

4. Go to the website, connect your wallet, and check the number of Mats. If your points are showing in profile as unbridged, you should deposit the mainnet to activate Mats.

5. Deposit mainnet to activate testnet points and continue earning Mats in mainnet.

6. Add liquidity to one of the pools to farm points

Key Takeaways of Mezo

Mezo Network enables smart contracts and DeFi on Bitcoin through EVM compatibility, allowing it to blend secure financial tools with the community, while driving applications like SocialFi and GameFi, and DeFi opportunities, which led to a fundraising of $28.5 million by Pantera Capital and others.