Mezo

Mezo receives a B- risk grade (31/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — single-bridge dependency and unproven incentive model make this a bet on Bitcoin L2s that has not yet proven sustainable A Bitcoin layer-2 network that lets you lock Bitcoin to earn points toward a future token airdrop. It raised $21M from Pantera and Multicoin and holds $100M in deposits. Its C+ grade reflects total dependence on a single Bitcoin bridge (tBTC) and the risk that the points program attracts mercenary capital that leaves the moment the airdrop happens.

The key risks identified for Mezo are: (1) All Bitcoin on Mezo goes through one bridge (tBTC). If that bridge gets hacked or its operators are compromised, every dollar of Bitcoin on Mezo becomes unbacked. (2) Users who lock Bitcoin for 6-12 months in the points program cannot exit early. If tBTC loses its peg during the lock period, you are forced to hold a depreciating asset. (3) The entire $100M in deposits may be mercenary capital chasing the airdrop. Once the MEZO token launches, most of that money could leave within days.

Mezo scores 31/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 10/20, Oracle Surface: 2/10, Documentation Gaps: 4/10, Track Record: 2/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 4/10. The highest risk area is Interaction Severity at 10/20.

Among 37 rated L2 protocols on Hindenrank, Mezo ranks #10 by safety (lowest risk score = safest). Its 31/100 risk score and B- grade place it among the safer L2 protocols.

Mezo scores 2/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.