Maestro launches Mezzamine, a mining-based Bitcoin lending market.

Odaily Odaily reports that Maestro, a Bitcoin infrastructure provider, today announced the launch of Mezzamine, a credit market denominated in Bitcoin and backed by mining output. This aims to provide institutional investors with a new avenue for generating returns on their idle Bitcoin assets, while also expanding financing channels for miners. The first project has already launched in partnership with Mining-as-a-Service (MAS) provider Sazmining. This project allows institutional Bitcoin holders to deposit their BTC into mining-backed credit facilities, targeting an annualized return of 8%–9%. Returns are generated by sharing block rewards with miners, rather than relying on protocol staking rewards, aiming to address the funding gap for miners. Traditional mining financing often relies on USD-denominated debt or publicly traded equity financing, but miners' revenue is settled in Bitcoin while their liabilities are denominated in USD, making them susceptible to increased risk during periods of market volatility. (Cointelegraph)