Institutions are sitting on more BTC than ever with almost no way to earn yield on it or borrow against it onchain. I already talked about @MezoNetwork back in 2025 when the Bitcoin banking narrative was emerging. What they built is a flywheel in which institutions depend on retail liquidity to access yield. → Users and institutions deposit BTC → They borrow MUSD against it, generating loan interest → DEX trading and bridge activity generate additional swap and chain fees → All fees flow to veBTC holders who vote on gauges → Institutions pair their veBTC with veMEZO to increase voting power and yield Most institutions operate under BTC mandates and won't buy MEZO directly, so they rent veMEZO from retail holders through the matching market. More institutional BTC flows in = more demand for your locked $MEZO. And token holders sit at the center of that loop. This inverts the usual dynamic. IMO Mezo could be one of the cleanest plays in the Bitcoin banking narrative.