Mezo has introduced its first Real World Asset (RWA) vault for its MUSD stablecoin, created by Project Ola. The Uwi MUSD Vault allows users to earn a 10% fixed annual percentage rate (APR) on their MUSD holdings, with the invested funds contributing to home construction. This initiative marks a significant step for Mezo, connecting its DeFi ecosystem with tangible, real-world applications.

The vault has a $2 million cap and is limited to a maximum of 200 users, with a mandatory 3-month lock-up period for all deposited funds. MUSD is a Bitcoin-backed stablecoin that operates on the Mezo network, which seeks to build a circular Bitcoin economy. The stablecoin is designed to remain fully collateralized and pegged to the US dollar through a combination of liquidations and redemptions.

This new RWA vault is part of a larger strategy by Mezo to offer various yield-generating opportunities for MUSD holders. The platform also features other high-yield vaults, with some offering up to 30% APY. The launch of a real estate-focused vault indicates a strategic move towards diversifying the use cases for MUSD and attracting a broader range of investors who are interested in both DeFi yields and socially impactful projects.