What do you want to do with your Bitcoin?
Borrow MUSD against your BTC without selling it. Collateral remains subject to liquidation risk.
Use a wallet that supports Mezo. Funds will arrive at the address you connect.
[ Why Maren ]
Honest by default
Every figure is read live from the chain, and a receipt says done only when the blockchain does.
You hold the keys
Maren is non-custodial. Your keys stay in your own wallet, never on our servers.
[ The social vault ]
Everyone’s, not yours
BTC / USD
—
No usable oracle observation.
- Vault collateral
- —
- needs a live price
- Vault debt
- —
- net of the liquidation reserve
- Vault health
- —
- Maren's floor is 180%
- Borrowing ceiling
- —
- fixed when the trove opened
- MUSD in reserve
- —
- served without new trove debt
Why the ceiling does not move
Mezo fixes a per-trove ceiling at the price the trove opened at, and reports it from TroveManager.getTroveMaxBorrowingCapacity() rather than deriving it from the collateral ratio. Adding collateral does not raise it: only a refinance does, which re-fixes the ceiling at today’s price for a fee and is blocked while the system is in Recovery Mode.