# Vezo

> Vezo is the escrowless, non-custodial peer-to-peer marketplace for trading
> veBTC and veMEZO vote-escrowed NFTs (veNFTs) on Mezo, Bitcoin's Layer 2
> network. Buyers acquire voting power and locked BTC/MEZO at a discount to
> intrinsic value; the veNFT never leaves the seller's wallet until a single
> atomic settlement transaction.

Vezo is a Web3 / DeFi application. It is live at https://www.vezo.exchange and
runs on Mezo Network (a Bitcoin Layer 2). Payments settle in BTC, MEZO, or MUSD.

## What Vezo is

- **Escrowless & non-custodial:** The seller keeps the veNFT and the buyer keeps
  their funds (only an ERC-20 approval is held) until one transaction transfers
  the NFT and routes the fee-split payment simultaneously. No custody, no
  third-party lock.
- **veNFTs:** On Mezo, users lock BTC or MEZO to mint veBTC or veMEZO NFTs. Each
  veNFT carries an intrinsic value (from the locked amount), a lock duration, and
  live voting power that decays over time.
- **Discount marketplace:** Sellers list veNFTs for immediate liquidity, often
  below intrinsic value. Buyers get voting power and locked assets for less than
  minting directly. Every listing shows intrinsic value, voting power, lock
  duration, and discount.

## Key facts

- Product: veNFT marketplace
- Network: Mezo (Bitcoin Layer 2)
- Assets traded: veBTC, veMEZO (vote-escrowed NFTs)
- Payment tokens: BTC, MEZO, MUSD
- Custody model: escrowless / non-custodial (atomic swap on purchase)
- Also supports: onchain bidding, and paying with any token via an integrated
  Velodrome swap router
- Website: https://www.vezo.exchange

## Pages

- [Home](https://www.vezo.exchange/): Overview of Vezo and how veNFT trading works.
- [Marketplace](https://www.vezo.exchange/marketplace): Live veBTC/veMEZO
  listings with intrinsic value, voting power, lock duration, and discount.
- [Activity](https://www.vezo.exchange/activity): Real-time sales, listings, and
  cancellations across the marketplace.
- [Docs](https://www.vezo.exchange/docs): veNFT mechanics, the escrowless trade
  flow, and the smart contracts securing each trade.

## FAQ

- **What is Vezo?** An escrowless P2P marketplace for veBTC and veMEZO veNFTs on
  Mezo, Bitcoin's Layer 2.
- **What is a veNFT?** A vote-escrowed NFT minted by locking BTC or MEZO on Mezo;
  it holds intrinsic value, a lock duration, and decaying voting power.
- **How do discounts work?** Sellers list below intrinsic value for liquidity, so
  buyers acquire voting power and locked assets for less than minting.
- **Is it custodial?** No. The NFT and funds stay with their owners until a single
  atomic settlement transaction.
- **Which tokens?** Trades veBTC and veMEZO; pays in BTC, MEZO, or MUSD.
- **Risks?** Voting power decays toward lock expiry and expired locks can't be
  traded — check remaining lock duration and intrinsic value before buying.

## Source

- [GitHub — veNFT-marketplace](https://github.com/prajalsharma/veNFT-marketplace)