Maestro launches Mezzamine, a mining-based bitcoin credit market
Odaily reported that bitcoin infrastructure provider Maestro announced today the launch of Mezzamine, a credit market denominated in bitcoin and backed by mining output. The platform aims to provide institutional investors with new yield opportunities for idle bitcoin assets, while expanding financing channels for miners. The first project has been launched in collaboration with mining-as-a-service provider Sazmining. This initiative allows institutional bitcoin holders to allocate BTC into mining-backed credit facilities, targeting an annualized yield of 8%–9%. Returns are generated by sharing block rewards with miners, rather than relying on protocol staking yields, aiming to address the financing gap faced by miners. Traditional mining financing often relies on USD-denominated debt or publicly listed equity financing, but miners’ revenues are settled in bitcoin while liabilities are denominated in USD, which increases risks during periods of market volatility. (Cointelegraph)
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