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How BTC Deposits & Withdrawals Work on @mezonetwork – Detailed Breakdown

💠 1. Depositing WBTC, tBTC & Other ERC-20 BTC-Backed Assets
If you’re depositing WBTC, tBTC, or other BTC-backed ERC-20 tokens, the only fee involved is the Ethereum network gas fee.
📌 Tip: Always check gas prices before making a transaction to avoid unexpected costs.

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3. Bridging Process & tBTC Minting
Mezo uses Threshold Network’s tBTC to wrap BTC for use on Ethereum.
🔹 The process ensures decentralized, trustless minting, backed 1:1 by BTC.
🔹 The minted tBTC can be used within the Mezo ecosystem or withdrawn back to Bitcoin at any time.

4. BTC Withdrawals – Redeeming tBTC
When withdrawing BTC:
	•	Your tBTC tokens are unminted via the Threshold Network, and native BTC is sent to your Bitcoin wallet.
	•	The Threshold Network charges a 0.2% redemption fee for this service.
	•	Mezo does not charge additional fees—all redemption fees go to the Threshold DAO.

5. Where to Learn More?
🔹 Want to understand the tBTC unminting & redemption process in detail?
Check out the tBTC Unmint & Redemption Guide to see how the process works behind the scenes!

2. Depositing Native BTC
When you deposit native BTC, it is automatically bridged to tBTC before being credited to the Mezo contract.
🔹 This process incurs operational costs, including minting, treasury management, and transaction fees.
🔹 To cover these costs, a flat fee of 0.001 BTC is deducted from all deposits, regardless of size.
💡 Example: If you deposit 1 BTC, you will receive 0.999 BTC in Mezo.