Mezo Protocol Raises $21M to Enable Bitcoin HODLers to Earn Yield

Mezo is a new Bitcoin layer-2 protocol that lets HODLers earn yield on their BTC holdings through a "Proof of HODL" points program.

Thesis raised $21 million in a Series A funding round for Mezo, led by Pantera Capital.

Mezo aims to build a circular Bitcoin economy and make BTC more than just "savings technology" by putting inactive coins to work.

The permissionless layer leverages smart contracts to offer more capabilities on Bitcoin without deviating from its core principles.

Mezo goes live with support from tBTC, which allows trust-minimized bridging to other ecosystems.