2026-01-13 14:32:23

Within the Mezo Network ecosystem, veBTC functions as a crucial link connecting Bitcoin holders who prefer long-term strategies with those seeking active yield generation and governance participation.

The mechanism works like this: lock your Bitcoin through the platform's Proof of HODL system, and you'll mint a veNFT—a vote-escrowed NFT that encodes your staking position. This represents more than just a static holding receipt. It's your gateway into the network's governance layer, allowing you to vote on protocol decisions while your Bitcoin continues working behind the scenes.

The beauty of this design lies in its incentive alignment. Long-term believers accumulate voting power proportional to their lockup duration, creating genuine skin-in-the-game economics. Short-term traders and passive holders can still participate meaningfully, but the system rewards commitment. Your veNFT accrues benefits the longer you hodl, making patience a competitive advantage rather than a liability.

BTC3,31%

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LiquidatorFlash

· 01-13 15:02

Does a longer lock-up period mean higher voting rights? This collateralization ratio design is risky; if BTC volatility triggers the liquidation threshold, it could cause problems.

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failed_dev_successful_ape

· 01-13 15:02

The longer you hold, the greater the power. This design is indeed quite interesting. But is locking up your assets for such a long time really worth it?

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LightningWallet

· 01-13 14:58

Damn, this is the truth of the crypto world: the longer you hold, the greater the power. Love it.

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CryptoGoldmine

· 01-13 14:49

It seems to be a good incentive alignment model. Locking Bitcoin for voting rights in the long term, this design logically can filter out true believers. From an ROI perspective, the longer the lock-up period, the higher the returns, and the computational power yield ratio will be better... it depends on specific parameters. The veNFT mechanism is somewhat similar to mining pool staking weights. The earlier participants benefit for a longer period, and I am optimistic about this.

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FalseProfitProphet

· 01-13 14:48

Once again, it's the same old routine of "holding long-term is the key," sounding so convincing. The real question is, how many true believers are there actually? Aren't they just attracted by the governance rights?

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BridgeJumper

· 01-13 14:43

The longer you lock your tokens, the greater your voting power. This is using economics to force you to truly commit—brilliant...

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