Saus

What's Mezzanine's Edge? The purpose of @mezzanine_fi is to give retail access to yields they otherwise wouldn't be able to get themselves. Aside from optimizing and automating things like peg and rate arbitrage, we're basically a wholesaler for yields. I.E., because of Mezzanine's ability to provide stickier and more reliable liquidity, and due to pre-existing relationships with teams, builders, asset issuers, and real-world institutions, we can squeeze out a few extra bps on some of the currently most trusted strategies in defi. ➢ Fee rebates ➢ Token Incentives ➢ Paper Yield kickbacks ➢ Unique points multipliers And then we give you three tranche options so you can choose your own risk™ Pre-Deposit Vault Coming: 🎇July 🎆

Why does @mezzanine_fi need to exist? Great question. There are so many protocols, so many stablecoins, so much noise in this space, so why Mezzanine? We're solving for three major problems. 1) People want leveraged exposure to yield without first loss exposure. One of the reasons I like @re's design so much is that reUSDe behaves more like a mezzanine tranche than a junior tranche because of their "super junior" institutional capital that takes actual first loss. This makes reUSDe much more attractive. Likewise, we saw @avantprotocol come out of the rsETH debacle like absolute champions because of their built-in super-junior reserve which saved their junior avUSDx depositors from losses. Our Mezzanine tranche (MLT) is poised to be exactly this: a yield bearing vault that gets leveraged exposure to yield like a junior tranche, but DOES NOT take on first loss exposure like a junior tranche. And that's why it's (imo) our flagship vault. It's purpose is to be a hyper-composable high yielding defi asset that you can use anywhere, knowing that if there are ever credit crunches, exploits, depegs, or anything else that would cause the protocol a loss, MLT would still be protected by a more junior layer (JLT). 2) People want access to high-grade, exogenous, and endogenous yields. Many yield-protocols, with some notable exceptions (shout out to Re, @infiniFi, @onrefinance, @USDai_Official, @apyx_fi and the like) are just wrappers for defi farming. We understand this. Our goal with onchain yields is to work directly with partners to access yields normally unavailable to retail. These exist because at size, there are additional incentives for sticky liquidity, which Mezzanine can offer in part due to our duration hedging with MLT, and therefore benefit from cross-protocol agreements that the lay defi user can't access. Moreover, our technical capacities allow us to analyze the risk of and execute on and automate peg arbitrage, and market curation. But aside from that, we're building for the future of DeFi, which includes exogenous yields. Whether those sources be tradition investment vehicles like mGlobal, or yield sources like reinsurance, AI-infrastructure, basis, credit financing, or anything else, our goal is to aggregate the best of off chain and on chain yields, and allow users to pick their risk profile through our tranching mechanism. 3) Tokenomics need new life This one may get me in trouble, but we developed our tokenomics at the same time as Mezzanine, because we intended to build a protocol whose answer to "but why do you need a token" is self-evident. The MEZZ token has a use case directly beneficial to the protocol, whose value should be equally self-evident and mathematically deducible. While this may not make for insane or manic premium, it should make for a directly scalable asset whose health feeds the protocol and vice versa. Without saying too much, MEZZ issuance will feed a protocol-owned junior tranche, which creates a sticky first loss backstop while also producing revenue that can be used to purchase and redistribute yield to stakers in a completely non-inflationary way. Our friends at Pendle may or may not have been inspired by our design. I know it seems like we've delayed for quite some time. But we're three audits deep, and already a good bit into the development of V1.5. Moreover, we're going through rigorous operational security practices that would hopefully make the NSA blush. Ultimately, there is no reason for Mezzanine to exist unless it brings something genuinely new and genuinely needed to DeFi. Mezzanine does both, and I couldn't be more exited for launch. It's coming, lads. Stay tuned.

It's time ► The raise is complete ► The Smart Contracts are nearly complete ► The Audits are underway This thing is coming soon. Here's a first look at @mezzanine_fi, a stablecoin project that my team and I are building that I will soon lead the stablecoin yield space.