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Mezo Vaults are yield-generating strategies that deploy your assets across DeFi to earn returns. Deposit into a vault, receive a receipt token representing your position, and let the strategist optimize for yield. Visit mezo.org/earn/vaults to explore available vaults.

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How Vaults Work

1

Select a Vault

Browse available vaults on Mezo, each with different strategies and yield sources
2

Deposit Asset

Deposit the required token (e.g., MUSD, BTC) into the vault
3

Receive Receipt Token

Get a token representing your share of the vault
4

Strategist Optimizes

The vault strategist deploys assets to generate yield according to the described strategy
5

Earn

Accumulate yield and optionally stake for additional rewards

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Understanding the Vault Table

ColumnWhat It Means
VaultName and description of the vault strategy
TVLTotal Value Locked — the total assets deposited in the vault
APYAnnual Percentage Yield — your estimated yearly return
RewardThe token(s) you earn from the vault
StrategistThe team or protocol managing the vault strategy

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Vault Types

Mezo Vaults

Vaults built and managed by Mezo, such as the MUSD Savings Vault. These are native to the Mezo ecosystem.

External Vaults

Vaults built by partner protocols (e.g., August, UWI, Upshift) that deploy assets into their own strategies. These can also appear as featured banners on the vaults page and link out to the partner’s platform for deposits.

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MUSD Savings Vault

The MUSD Savings Vault is Mezo’s native savings product for MUSD holders.

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How it Works

  • Deposit MUSD to earn a share of protocol fees generated by MUSD borrowing activity
  • Yield comes from MUSD interest, issuance fees, refinance fees, and other protocol fees accumulated each epoch
  • You receive sMUSD (a receipt token) representing your share of the vault

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Vault Details

ParameterValue
Deposit tokenMUSD
Receipt tokensMUSD
StrategistMezo
Withdrawal feeNone
Withdrawal time-lock0h

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Staking sMUSD in the Gauge

You can optionally stake your sMUSD receipt token in the MUSD Savings gauge to earn emissions. The tradeoff:

Unstaked sMUSD

You earn your proportional share of vault yield and MUSD interest/fee revenue directly

Staked sMUSD

Your portion of interest and fee revenue is redirected to veBTC voters on the gauge. In exchange, you earn emissions based on how many votes the gauge receives
This mirrors how LP staking works in pools — stakers give up fee revenue in exchange for emissions, while voters earn the redirected fees. The MUSD Savings Rate gauge competes for votes alongside LP pool gauges. These are collectively called “staking gauges” — a vote allocated to the savings rate gauge cannot also be allocated to an LP gauge.

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How to Use Vaults

1

Connect Wallet

Visit mezo.org/earn/vaults and connect your wallet
2

Choose a Vault

Browse available vaults and review:
  • Strategy description
  • Current APY
  • TVL and capacity
  • Strategist information
3

Deposit

  • Click on your chosen vault
  • Enter the amount to deposit
  • Approve the token spending (if first time)
  • Confirm the deposit transaction
4

Receive Receipt Token

Your vault receipt token (e.g., sMUSD) is minted to your wallet
5

Monitor and Claim

  • Track your position’s performance
  • Claim rewards when available
  • Withdraw by burning receipt tokens

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Risks

Each vault deploys assets differently. Understand the underlying strategy before depositing — some strategies carry more risk than others.
Vaults interact with multiple smart contracts. While Mezo vaults are audited, all smart contracts carry inherent risk. Only deposit amounts you’re comfortable with.
External vaults are managed by third-party protocols. Mezo does not control these strategies. Review the partner’s documentation and audits before depositing.
Always conduct your own research and only deposit amounts you’re comfortable with. Past performance does not guarantee future results.

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