Anchorage Partners with Mezo in DeFi

Ekaterina Bogatyreva

Mezo, a Bitcoin finance platform developed by Thesis, has formed a strategic partnership with Anchorage Digital, a crypto platform for institutional clients. This collaboration provides a path for institutional clients to engage with Mezo’s financial services.

The integration focuses on two primary functions: borrowing and earning yield on Bitcoin holdings. Through Anchorage Digital’s self-custody wallet, Porto, clients can now borrow against their Bitcoin. This is done using Mezo’s MUSD stablecoin with a fixed interest rate. This service offers a way for companies and institutional asset holders to access liquidity.

A second feature, which will be available soon, allows clients to lock their Bitcoin on the Mezo platform to earn rewards. This process uses a veBTC token. Returns are generated through a share of the network’s on-chain fees. Lock periods are short, ranging from six to thirty days, offering flexibility. The protocol is designed to provide higher rewards for longer commitment times. In the future, participants may also gain governance rights influencing the platform’s fee structure. Both the borrowing and the future locking service will be accessible through Anchorage Digital’s institutional platform.

Image: Freepik

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