Mezo has activated veMEZO voting, allowing veMEZO holders to decide where MEZO token incentives are directed. This marks the first new utility for the MEZO token in some time, with the team signaling more utility features are in development.
Mezo is inviting veBTC holders to vote on its new validator gauges, alongside existing pool gauges on the Mezo L2. Roughly $800 in incentives from MatchboxMarkets are on offer for participation, with votes needing to be cast before the epoch flips.
For the epoch starting Sept 10, the Supernormal Foundation (@SupernormalFDN) outlined how it plans to vote on the gauges, signaling coordinated veBTC participation in Mezo's gauge governance round.
Phase 1 of the MEZO token airdrop went live, distributing 19,824,782 MEZO (roughly 3% of supply) to 11,845 addresses out of over 100,000 registered users, representing the project's token generation event.
Mezo announced its Mainnet launch, enabling users to use Bitcoin as collateral to mint and spend MUSD, the first fully Bitcoin-backed stablecoin, and access fixed-rate MUSD loans against Bitcoin.
Mezo launched its foundational testnet (matsnet Alpha) in November 2024, supporting users in creating and trading meme coins and earning 'mats' points. Mezo's mainnet press release confirms its testnet phase started in November 2024.
Thesis unveiled Mezo, a Bitcoin layer-2 network, from stealth and disclosed a $21 million fundraising round led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates, and others.
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