Mezo taps Aerodrome to support token trading on Base in Bitcoin DeFi push
The Bitcoin lending protocol will allocate 2.25% of its token supply to Aerodrome users as it looks to expand activity for its token and stablecoin.
Mezo, a Bitcoin-native lending protocol, will collaborate with Aerodrome Finance to support trading activity for its token and Bitcoin-backed stablecoin on the Base network, as projects look for ways to bring more financial use cases to Bitcoin.
In a Thursday announcement, Mezo said it will allocate 2.25% of its MEZO token supply to Aerodrome’s vote-escrow (veAERO) participants — users who lock tokens in exchange for governance rights and rewards. The program is designed to encourage those users to direct funds into MEZO trading pairs, increasing activity around the token and its US dollar-backed stablecoin, MUSD.
Aerodrome is a liquidity provider on Base built by the team behind Optimism, a configurable enterprise blockchain infrastructure.
