What Supernormal Foundation does

Supernormal Foundation is a British Virgin Islands-registered foundation (operating via wholly-owned subsidiary Supernormal OpCo (BVI) Ltd.) that exists to build, govern, and decentralize the Mezo Network — a Bitcoin-powered blockchain developed by the Bitcoin venture studio Thesis. Mezo's core product surface consists of Mezo Borrow (BTC-collateralized fixed-rate loans at 1-5% APR), MUSD (a Bitcoin-backed stablecoin with 1 MUSD = $1 of BTC at a 110% collateralization ratio), and Mezo Earn (a BTC-denominated yield framework with gauge voting and a MEZO Boost mechanism, including a Prime Access tier reportedly launched at 40%+ APR).

The foundation's revenue mechanics are protocol-native transaction fees drawn from three streams: MUSD borrowing interest (1-5% fixed APR), swap fees on MUSD liquidity pairs, and cross-chain bridging fees. Distribution is fully permissionless and self-serve via the mezo.org web app, supported by integrations with Bitcoin wallets (Unisat, OKX, Xverse) and EVM wallets (Taho, MetaMask, Zerion, OKX), with spending enabled through card-issuing partners Bitrefill and Lolli.

The go-to-market motion is community-led. Supernormal runs the Mezo Founder Program (up to 50,000 MEZO grants), the Mezo Ignition Program (up to 25,000 MEZO for testnet-to-mainnet builders), biannual hackathons with Encode Club, the BitcoinFi Accelerator with Draper Associates/Dragon/Boost VC (over $3 million deployed across two batches), and community bounty programs. The foundation supports four customer segments: Bitcoin holders seeking liquidity without selling BTC, builders/founders deploying on Mezo, institutions requiring compliant BTC custody, and everyday users spending MUSD via card rails. The entity is headquartered in Road Town, Tortola (BVI), employs 1-10 people, and was founded in 2025.

Name

Supernormal Foundation

Legal name

Supernormal OpCo (BVI) Ltd.

Website

https://supernormal.foundation

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Supernormal Foundation governs and decentralizes Mezo, a Bitcoin-powered blockchain offering BTC-backed loans (MUSD stablecoin, 1-5% APR) and BTC-denominated yield, targeting Bitcoin holders, builders, institutions, and everyday spenders via a permissionless, community-led ecosystem.

Ownership category

akta.pro rank

Product category

Decentralized Finance (Bitcoin DeFi)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)

akta.pro secondary industries

Crypto-Backed Consumer Loans (Secured) (FSADAFAG), Stablecoin Protocols (Decentralized) (FSADAMAD), Stablecoin Issuers (Fiat-Backed) (FSADADAA)

Keywords

• Bitcoin-backed lending
• Bitcoin stablecoin platform
• Decentralized finance protocols
• BTC yield staking
• Self-custodial crypto wallets

Headquarters

HQ city

Road Town, Tortola

HQ country

British Virgin Islands

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. MUSD Interest Revenue: Interest collected from borrowers who mint MUSD against BTC collateral. Loan positions are backed by at least 110% collateral. Interest rates are fixed between 1-5% APR.
2. Swap Fees: Fees generated from MUSD trading pairs and liquidity pool transactions on the protocol.
3. Bridging Fees: Fees collected from cross-chain MUSD bridging and interoperability transactions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Supernormal Foundation operates the Mezo Bitcoin-DeFi ecosystem, enabling users to mint MUSD (a Bitcoin-backed stablecoin at 110% collateralization), take BTC-backed fixed-rate loans at 1-5% APR, and earn BTC-denominated yield through veBTC staking with gauge voting. The foundation also funds and supports builders via the Mezo Founder Program, Mezo Ignition Program, BitcoinFi Accelerator, and hackathons.

Product overview

Supernormal Foundation supports Mezo, a Bitcoin-powered blockchain network that enables users to unlock the value of their BTC without selling it. The core product suite includes: Mezo (the blockchain network), MUSD (Bitcoin-backed stablecoin where 1 MUSD = $1 of BTC collateral), Mezo Borrow (BTC-backed loans at 1% fixed APR with 110% collateral ratio), and Mezo Earn (Bitcoin-native incentive framework where locked BTC earns BTC-denominated fees with gauge voting for emissions). Additional ecosystem programs include Mezo Founder Program (growth-stage dApp grants up to 50,000 MEZO), Mezo Ignition Program (early-stage grants up to 25,000 MEZO), BitcoinFi Accelerator (6-week program with Draper Associates), biannual Mezo Hackathons, and Devezoper Bounty Programs. The Supernormal Foundation operates as the organizational body focused on building, governing, and growing the MUSD economy and broader Mezo Network while advancing decentralization.

Differentiator

Problem solved

Functional benefit

Brands

• Mezo: Bitcoin lending platform allowing users to borrow against BTC, earn yield on locked BTC, and spend MUSD stablecoin without selling Bitcoin
• MUSD
• Mezo Borrow
• Mezo Earn

Products and services

• Mezo The Bitcoin-DeFi blockchain network that enables users to put Bitcoin to work without selling it through BTC-backed loans, a Bitcoin-backed stablecoin (MUSD), and BTC-denominated yield earning. Target users are Bitcoin holders and builders.
• MUSD Bitcoin-backed stablecoin pegged at 1 MUSD = $1 of BTC. Users deposit BTC as collateral (110% minimum) to mint MUSD, which can be used for borrowing, spending via card integrations, trading, or earning yield. Target users are Bitcoin holders and DeFi participants.
• Mezo Borrow BTC-backed lending product allowing users to mint MUSD stablecoin against their Bitcoin collateral at fixed rates (1-5% APR), enabling dollar liquidity while maintaining full BTC exposure. Target users are Bitcoin holders wanting liquidity without selling.
• Mezo Earn Bitcoin-native yield product where locked BTC earns BTC-denominated fees from protocol activities. veBTC holders participate in gauge voting to direct emissions, and MEZO tokens provide a boost to user earnings and governance participation. Target users are Bitcoin holders seeking yield.
• Prime Access Premium tier of Mezo Earn offering higher yield rates, launched at 40%+ APR. Part of the BTC-denominated yield earning framework on Mezo for veBTC holders.

Quantifiable outcome

• BTC-backed loans at 1-5% fixed APR, lowest interest rates in the industry
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core, planned and minor.

• ThesiscoreStrategic or Co-development PartnerBitcoin venture studio that built Mezo (with 10+ years experience creating Fold, Taho, Lolli). Thesis co-runs the BitcoinFi Accelerator and Supernormal Foundation exists as a subsidiary to support Mezo's mission and drive protocol decentralization.
• Anchorage DigitalplannedStrategic or Co-development PartnerMezo plans to explore enabling institutional-grade MUSD minting, MEZO custody, and veMEZO locking through Anchorage's qualified custody infrastructure for compliant institutional access.
• Encode ClubminorChannel Partner/ Reseller/ DistributorPartnered with Encode for hackathon execution - Mezo Hackathon building Bitcoin's future organized through Encode Club platform.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Compound: Pioneer DeFi lending protocol with crypto-collateralized money markets. Comparable to Mezo Borrow on the lending layer, though lacking Mezo's BTC focus and self-custodial fixed-rate model.
• Aave: Largest DeFi lending protocol offering crypto-collateralized loans and stablecoin borrowing. Comparable to Mezo Borrow on the lending layer and competes for the same crypto-native depositor/borrower base.
• Babylon: Bitcoin staking protocol that enables BTC holders to secure proof-of-stake chains while maintaining self-custody. Closely comparable to Mezo Earn's veBTC framework and competes for the same long-term BTC holder audience.
• Rootstock: Bitcoin-secured EVM-compatible sidechain with DeFi applications including lending and stablecoins. Comparable to Mezo as a Bitcoin L2 with DeFi primitives and competes for similar builders.
• MakerDAO / Sky: Crypto-backed lending protocol that issues the DAI stablecoin against overcollateralized crypto positions. Directly comparable to Mezo's BTC-collateralized MUSD stablecoin model and lending infrastructure.
• Liquity: Decentralized protocol issuing a USD-pegged stablecoin (LUSD) against ETH collateral with no governance. Comparable architecture to Mezo's MUSD issuance, including overcollateralization and self-custodial design.
• Stacks: Bitcoin Layer-2 smart contract platform enabling DeFi and NFT applications on Bitcoin. Comparable to Mezo as a Bitcoin L2/DeFi ecosystem and competes for Bitcoin-native developers and liquidity.

Emerging players

• LendingLedger / Sovryn: DeFi platform on Bitcoin (via Rootstock) offering lending, borrowing, and trading with BTC collateral. Comparable to Mezo as a Bitcoin-native DeFi lending venue, though with a different chain architecture.
• Threshold Network (tBTC): Decentralized bridging protocol that issues tBTC on Ethereum and other chains. Mezo is positioning as a destination chain for tBTC, making Threshold a complementary infrastructure peer and potential integration partner.

Broad incumbents

• Spark (Sky/MakerDAO lending): Lending product by Sky (formerly MakerDAO) that extends DAI capabilities into lending markets. Comparable to Mezo Borrow and MUSD as a stablecoin-backed lending facility, though backed by a much larger DAO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SupernormalFDN
• LinkedInlinkedin.com/company/supernormal-foundation

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Supernormal Foundation