Total Value Locked$1.37m
TVL by Chain
Mezo$1.37m
Key Metrics
Fees 30d$23,356
Fees 30d by chain
Mezo$23,356
Fees 7d$8,570
Mezo$8,570
Fees 24h$4,908
Mezo$4,908
Cumulative Fees$338,402
Mezo$338,402
Revenue 30d$23,356
Revenue 30d by chain
Mezo$23,356
Revenue 7d$8,570
Mezo$8,570
Revenue 24h$4,908
Mezo$4,908
Cumulative Revenue$175,618
Mezo$175,618
Holders Revenue 30d$0
Holders Revenue 30d by chain
Mezo$0
Holders Revenue 7d$0
Mezo$0
Holders Revenue 24h$0
Mezo$0
Cumulative Holders Revenue$0
Mezo$0
Protocol Information
Mezo borrow allows users to borrow against their bitcoin for MUSD, Mezo's native stable coin.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Borrowing (0.1%) and refinancing (0.1%) fees plus interest (1-5% APR) paid in MUSD, redemption fees (0.75%) paid in BTC, liquidation gas compensation, and the net collateral gain absorbed by Stability Pool depositors.View code on GitHubRevenue: Borrowing fees, refinancing fees, interest and redemption fees collected by the Mezo PCV treasury (later distributed via a governable split between repaying the protocol bootstrap loan and the MUSD Savings Vault).View code on GitHubHolders Revenue: View code on GitHubCompetitors
Mezo Borrow history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 20, 2026 to Oct 22, 2026.
All-time high TVL: $29.24m on Jan 20, 2026. All-time low TVL: $1.35m on Oct 20, 2026.
Daily TVL, Sep 23, 2026 to Oct 22, 2026
| Date | TVL |
|---|---|
| Sep 23, 2026 | $3.57m |
| Sep 24, 2026 | $3.46m |
| Sep 25, 2026 | $3.45m |
| Sep 26, 2026 | $3.42m |
| Sep 27, 2026 | $3.43m |
| Sep 28, 2026 | $3.43m |
| Sep 29, 2026 | $3.33m |
| Sep 30, 2026 | $3.28m |
| Oct 1, 2026 | $3.23m |
| Oct 2, 2026 | $3.28m |
| Oct 3, 2026 | $3.23m |
| Oct 4, 2026 | $3.2m |
| Oct 5, 2026 | $3.26m |
| Oct 6, 2026 | $3.23m |
| Oct 7, 2026 | $3.19m |
| Oct 8, 2026 | $2.91m |
| Oct 9, 2026 | $2.8m |
| Oct 10, 2026 | $2.69m |
| Oct 11, 2026 | $2.68m |
| Oct 12, 2026 | $2.21m |
| Oct 13, 2026 | $2.23m |
| Oct 14, 2026 | $2.24m |
| Oct 15, 2026 | $2.14m |
| Oct 16, 2026 | $2.13m |
| Oct 17, 2026 | $2.08m |
| Oct 18, 2026 | $2m |
| Oct 19, 2026 | $1.98m |
| Oct 20, 2026 | $1.35m |
| Oct 21, 2026 | $1.38m |
| Oct 22, 2026 | $1.4m |
TVL at each month end, Jan 2026 to Oct 2026
| Date | TVL |
|---|---|
| Jan 31, 2026 | $26.34m |
| Feb 28, 2026 | $18.47m |
| Mar 31, 2026 | $19.01m |
| Apr 30, 2026 | $22.94m |
| May 31, 2026 | $7.63m |
| Jun 30, 2026 | $4.54m |
| Jul 31, 2026 | $3.61m |
| Aug 31, 2026 | $3.95m |
| Sep 30, 2026 | $3.28m |
| Oct 22, 2026 (latest) | $1.4m |
Fees, revenue and holders revenue by UTC calendar month, Aug 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Aug 2025 | $4,874 | $3,952 | $0 |
| Sep 2025 | $8,377 | $7,903 | $0 |
| Oct 2025 | $10,794 | $9,877 | $0 |
| Nov 2025 | $10,940 | $10,290 | $0 |
| Dec 2025 | $8,008 | $8,008 | $0 |
| Jan 2026 | $7,282 | $7,282 | $0 |
| Feb 2026 | $16,661 | $12,522 | $0 |
| Mar 2026 | $3,917 | $3,917 | $0 |
| Apr 2026 | $69,383 | $7,518 | $0 |
| May 2026 | $13,352 | $11,495 | $0 |
| Jun 2026 | $17,377 | $17,069 | $0 |
| Jul 2026 | $11,671 | $11,671 | $0 |
| Aug 2026 | $4,629 | $4,414 | $0 |
| Sep 2026 | $129,025 | $37,587 | $0 |
| Oct 2026 (to date) | $22,112 | $22,112 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/mezo-borrow
Frequently asked questions
What is Mezo Borrow's TVL?
As of Oct 22, 2026, Mezo Borrow has $1.37m in total value locked. TVL has decreased 61.6% over the past 30 days.
What chains does Mezo Borrow operate on?
Mezo Borrow operates on Mezo. Mezo holds the largest share at 100%.
How much has Mezo Borrow generated in fees and revenue?
Over the past 30 days, Mezo Borrow generated $23,356 in fees. Of that, $23,356 was protocol revenue. Based on the trailing year, the annualized rate is $311,871 in fees and $151,400 in revenue.
How does Mezo Borrow's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Mezo Borrow ranks #35 by TVL. The category holds $7.721b across 200 protocols, and Mezo Borrow accounts for <0.1% of that total. Similar protocols include Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Lista CDP, Reservoir Protocol, Frankencoin, Inverse Finance FiRM, and Bucket Protocol V2.