Mezo mainnet debuts with 1% BTC loans, MUSD stablecoin, and yield vaults

Daily top performer — LidoDAO (DAO)



The S&P 500 futures rose over 1% Thursday after Nvidia’s strong Q1 results, rebounding from a 0.56% drop the previous session amid renewed US-China trade tensions. Gold slipped 0.27% below $3,300 as Fed minutes flagged stagflation risks, lifting yields and the dollar. Despite pressure, Goldman Sachs urges higher gold exposure amid global tensions. The Coindesk Indices, which tracks the broader crypto market, rose 1.31%, with Bitcoin and Ether down 2.68% and 1.33%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is LDO, up 11.4% following the unveiling of the Lido V3 whitepaper and its call for community feedback on the new stVault architecture.

Lido DAO (LDO), founded in December 2020, offers liquid staking for Ethereum 2.0 and other PoS chains, letting users stake assets while retaining liquidity via stETH tokens. Lido has released the draft whitepaper for V3, introducing a new protocol architecture and "stVaults"—permissionless, customizable staking products with liquid stETH support. The team is seeking community feedback on key design elements, especially around risk management. Finalization is targeted for mid-summer 2025.



Check out the latest prices, charts, and data of LDOUSDT perp and LDO/USDT spot contracts!



Talk of the town

Mezo Network has launched its mainnet, bringing a Bitcoin-native DeFi platform that enables users to leverage their BTC without selling it. Key features include borrowing against Bitcoin at low fixed rates starting from 1%, earning yield through vault deposits, and trading perpetual contracts using the MUSD stablecoin as collateral. Mezo’s permissionless, bank-free financial tools aim to expand Bitcoin’s utility beyond just holding and trading, marking a significant step forward for Bitcoin in decentralized finance.



Bitcoin spot ETF flows





Yesterday, BTC spot ETFs saw a net outflow of $48.3 million, entirely from non-GBTC funds, while GBTC recorded no flow.



Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!



Airdrop to watch

GAIB's AID Alpha Harvest Cap 3 is live, offering a 5x multiplier on Spice Points for new stablecoin deposits. These points will be redeemable 1:1 for AID tokens at mainnet TGE. Cap 3 is open for $35M, bringing the total to $50M, with prior caps filling in under 2 hours. Deposits are available on Arbitrum, Base, and Ethereum.