been digging into @mezonetwork before TGE and looks interesting. ~4% yield on BTC directly from protocol revenue. $80M already in the vaults and the token isn't even out yet. the part most interesting part is the fee flywheel: institutions deposit BTC → mint MUSD → generate protocol fees → veMEZO holders vote on where those fees go. more institutions in = more fees = more value for lockers. and institutions who don't want to hold $ MEZO can rent your veMEZO position, secondary yield on top of the base. $28.5M from Pantera, Multicoin, GSR. if you lock MEZO into veMEZO early you basically get first dibs on where yield gets directed. that voting power dilutes fast once everyone else come.

Btcfi is looking good here