Redeeming Your stBTC Deposits

Step-by-step guidance on redeeming your stBTC assets on Mezo.

As the stBTC phase concludes, users who minted stBTC can follow these steps to unlock their assets and unwind their positions. Please note that stBTC minting is no longer active, and crv-stBTC deposits will become accessible once the unlock period is completed.

Key Updates

• stBTC Minting Disabled: Minting of stBTC is now disabled in the Mezo Portal. Users who minted and deposited crv-stBTC into the Portal will need to wait until the unlock period to access their deposits.

• Fee for Returning stBTC: Upon withdrawal, users returning stBTC will incur a standard fee.

Steps to Complete the stBTC Cycle

• Unlock crv-stBTC Deposits: crv-stBTC deposits in the Portal will become accessible once the unlock period is complete. Users can view balances and initiate withdrawals as they become available.

• Return stBTC with Fees: To finalize the process, users may return stBTC for underlying assets, noting that a fee will apply upon return.

Important Notes

Interest rates will not be raised at this time, though they may be adjusted to zero or modified as necessary ahead of the chain launch.

This transition supports the continued growth and stability of the Mezo ecosystem.