Step 1:
- If you have BTC on EVM use a bridge like Teleswap to bridge to Bitcoin
Step 2:
- With funds on Bitcoin go to Threshold to mint tBTC (Link)
- Enter an EVM deposit address and a BTC return address to receive the address to send your funds too. Note that the minting process can take a few hours
Step 3:
- Once you have your tBTC navigate to Mezo's website and connect your EVM wallet. Use one of these codes to sign-up:
Step 4:
- Deposit your tBTC and select a desired lock-up period, I went with 9 months for the highest multiplier. You will then receive stBTC
Step 5 (Optional):
- For additional Mats (Mezo points) you can deposit your stBTC into Curve (Link)and then re-deposit your LP token into Mezo. This earns you pretty much double the Mats and also farms Acre
Some thoughts:
- I think this is one of the better plays in Bitcoin L2s based on multiple factors: Strong funding, minimum deposit of 0.01 BTC which helps against dilution, and the connection to tBTC. FYI, I'm roughly rank 12,000 after having deposited 0.15 tBTC two days ago
P.S. This is not the only way to farm Mezo. You can instantly deposit from Bitcoin. You can also swap for tBTC on DEX's or deposit other LSTs/tokens. My path is solely based on the fact that the same firm owns Threshold and Mezo so there may be additional benefits to those users that naturally use both products
That being said, please let me know in the comments if you have a seemingly better strategy, always open to advice!