ZeroLend Launches on Mezo Networks Testnet
ZeroLend Launches on Mezo Networks Testnet
🌟 Bitcoin Lending Gets Modular
ZeroLend has expanded its decentralized lending protocol to the Mezo Networks testnet, marking a significant step for Bitcoin's modular ecosystem. This integration aims to provide:
- Fast and secure lending capabilities
- Enhanced accessibility within the Bitcoin modular stack
- Seamless testnet functionality
The launch follows a recently announced campaign collaboration between Mezo Network and partners including VelarBTC, Protocol Blend, and pamp.land. Users can expect rewards post-mainnet launch.
ZeroLend x Mezo We are stoked to announce that ZeroLend is now live on @MezoNetwork’s testnet which will bring a fast and secure lending to the Bitcoin modular stack.
🤝 @zerolendxyz is live on testnet! Together, we're bringing BitcoinFi lending to the next level. ZeroLend is the leading lending market focused on L2s, LRTs, RWAs, BTCFi, and memecoins. Explore on testnet: mezo.org/home?utm_campa…
DeFi Protocols Compete with $50k Incentives
Multiple DeFi protocols are aggressively competing for liquidity by offering substantial incentives in a single vault. This reflects a broader trend in the DeFi ecosystem, where total value locked (TVL) recently hit $50 billion - a 6-month high. Key points: - Five protocols simultaneously targeting same liquidity pool - Combined incentives worth $50,000 - Part of larger DeFi market recovery - TVL reaches highest point since mid-2023 This competitive incentive structure highlights both opportunities and risks in yield farming. Users should carefully evaluate sustainable vs temporary yields.
Berachain Prime Vault Launch with Euler Sees Massive Success
The Berachain Prime Vault collaboration with Euler has achieved significant milestones: - Total supply exceeded 1M+ within 10 hours of launch - Current supply APY at ~49% - $40k total rewards from multiple protocols: • $10k in rEUL (Euler) • $10k in POLLEN (Beraborrow) • $10k in BURR (Burrbear) • $10k in EO points (eOracle) • $10k in ZERO (ZeroLend) Participation steps: 1. Mint NECT 2. Supply on Euler 3. Earn multi-protocol rewards Additional features including borrowing loops and BGT POL rewards are planned for future release.
DeFi Projects Pivot to Traditional Finance Products
A notable trend is emerging in the DeFi space as projects increasingly pivot toward traditional financial products, particularly credit cards. This shift represents a significant departure from purely decentralized offerings. - Traditional credit card usage: ~1/6 of global population - DeFi lending usage: <2% of blockchain users - Key observation: While DeFi lending adoption remains low, wallet usage is universal among crypto users The trend suggests DeFi protocols are adapting to meet users where they are, integrating familiar financial tools with blockchain technology. This hybrid approach could bridge the gap between traditional finance and DeFi adoption. *The key to DeFi growth may lie in bringing native credit solutions directly to users' wallets.*
ZeroLend Announces Imminent Launch of Bera Vault with Multiple Partners
ZeroLend is preparing to launch their anticipated Bera vault and markets this week, following some delays due to extensive collaboration with multiple partners. The project involves cooperation with **Euler Finance**, **BeraBorrow**, **MoneyGoesBurr**, and **eOracle Network**. The launch is part of ZeroLend's expansion into the Berachain ecosystem, featuring a specialized *Berachain Prime Vault*. This initiative includes partnerships with four major ecosystem projects, one of which is a lending platform that recently achieved $1 billion in TVL.