Glossary
A comprehensive reference of terms used in Matchbox and the Mezo Earn ecosystem.
Allocation
Section titled “Allocation”The distribution of your veMEZO voting power across different gauges. You can allocate percentages to multiple gauges, with the total summing to 100% or less.
APY (Annual Percentage Yield)
Section titled “APY (Annual Percentage Yield)”The estimated yearly return on your position, accounting for compounding. In Matchbox, APY reflects your projected earnings from voting rewards or gauge incentives, extrapolated over a year.
Allowlist
Section titled “Allowlist”A list of approved tokens that can be used as incentives on gauges. Only tokens on the allowlist can be deposited as bribes.
Boost / Boost Multiplier
Section titled “Boost / Boost Multiplier”The enhancement factor applied to a veBTC position’s voting power when it receives veMEZO votes. Boost ranges from 1x (no boost) to 5x (maximum boost). Higher boost means greater rewards for the veBTC holder.
See Incentive.
The action of withdrawing earned rewards from the protocol to your wallet. Rewards accumulate over time and can be claimed after each epoch ends.
Current APY
Section titled “Current APY”APY calculated based on the current epoch’s actual performance and existing conditions.
The gradual reduction of voting power over time as your lock approaches expiration. Both veBTC and veMEZO use linear decay - your power decreases steadily from lock date to unlock date.
Dashboard
Section titled “Dashboard”The Matchbox interface showing your portfolio, positions, claimable rewards, and performance metrics.
A 7-day period that structures voting and reward distribution. Epochs run from Thursday 00:00 UTC to the following Wednesday 23:59 UTC. Votes reset at the start of each epoch.
Effective Voting Power
Section titled “Effective Voting Power”Your actual voting power after applying boost multiplier. Calculated as: Unboosted Power × Boost Multiplier.
Transaction fees paid in BTC on the Mezo Network to execute smart contract operations.
A smart contract associated with a veBTC position that receives votes from veMEZO holders. Gauges can hold incentives and track voting weight.
Gauge Profile
Section titled “Gauge Profile”Customizable information about a gauge on Matchbox, including display name, description, profile picture, social links, and strategy statements.
Incentive
Section titled “Incentive”Tokens offered by veBTC gauge owners to attract veMEZO votes. Also called “bribes.” Incentives are distributed proportionally to voters at the end of each epoch.
Linear Decay
Section titled “Linear Decay”The method by which voting power decreases over time. Power decreases at a constant rate from lock date to unlock date. For example, a 28-day lock loses half its power after 14 days.
Lock / Lock Duration
Section titled “Lock / Lock Duration”The commitment period for your tokens. veBTC locks range from 1-28 days; veMEZO locks range from 1-4 years. Tokens cannot be withdrawn until the lock expires.
Mezo’s incentive token distributed across the ecosystem. Voting power influences mats emissions to different gauges and pools.
Matchbox
Section titled “Matchbox”The veBTC + veMEZO matching protocol that creates a marketplace connecting gauge owners with voters.
Mezo Earn
Section titled “Mezo Earn”The broader yield-generating ecosystem within Mezo, including token locking, voting, liquidity provision, and vaults.
Mezo Network
Section titled “Mezo Network”The Bitcoin-backed blockchain where Matchbox and Mezo Earn operate.
MEZO (Token)
Section titled “MEZO (Token)”The native governance and utility token of the Mezo ecosystem. Lock MEZO to receive veMEZO.
NFT (Non-Fungible Token)
Section titled “NFT (Non-Fungible Token)”A unique digital asset on the blockchain. veBTC and veMEZO positions are represented as NFTs, each with unique properties (amount, lock duration, etc.).
Optimal veMEZO
Section titled “Optimal veMEZO”The calculated amount of veMEZO votes needed for a gauge to reach maximum boost (5x). Displayed on gauge cards to help voters identify high-impact opportunities.
Permanent Lock
Section titled “Permanent Lock”A lock with no expiration date, maintaining maximum voting power indefinitely. Can be enabled for veBTC positions.
Position
Section titled “Position”A veBTC or veMEZO NFT representing your locked tokens and associated voting power.
Profile Picture
Section titled “Profile Picture”The visual identifier for a gauge, uploaded by the gauge owner to help voters recognize it.
Projected APY
Section titled “Projected APY”Estimated APY based on your planned actions (e.g., if you vote on a specific gauge), before actually executing the transaction.
Rebase
Section titled “Rebase”Weekly MEZO emissions distributed to veMEZO holders to protect against token dilution. Earned regardless of voting activity.
The clearing of all vote allocations at the start of each new epoch. Votes must be recast weekly.
Social Links
Section titled “Social Links”URLs to a gauge’s social media presence (Twitter, Discord, Telegram, etc.) displayed on their profile to help voters learn more.
Strategy Statement
Section titled “Strategy Statement”Text written by gauge owners describing their incentive strategy or voting strategy, displayed on their profile.
Category labels applied to gauge profiles (e.g., “DeFi,” “Infrastructure”) to help voters discover relevant gauges.
Token ID
Section titled “Token ID”The unique identifier of a veBTC or veMEZO NFT on the blockchain.
Total Weight
Section titled “Total Weight”The sum of all veMEZO votes allocated to a specific gauge.
Transfer Profile
Section titled “Transfer Profile”The action of moving a gauge’s profile settings (name, picture, links, etc.) from one veBTC NFT to another.
Unboosted Voting Power
Section titled “Unboosted Voting Power”The base voting power of a veBTC position before any boost multiplier is applied.
Unlock Date
Section titled “Unlock Date”The date when your locked tokens become withdrawable. For veBTC, 1-28 days from lock; for veMEZO, 1-4 years from lock.
Used Weight
Section titled “Used Weight”The portion of your veMEZO voting power currently allocated to gauge votes. Remaining power is “available.”
veBTC (Voting Escrow BTC)
Section titled “veBTC (Voting Escrow BTC)”An NFT representing locked Bitcoin on Mezo Network. Grants voting power in governance and receives boost from veMEZO votes.
veMEZO (Voting Escrow MEZO)
Section titled “veMEZO (Voting Escrow MEZO)”An NFT representing locked MEZO tokens on Mezo Network. Grants voting power to boost veBTC positions and earn incentives.
Voting Escrow
Section titled “Voting Escrow”A mechanism where tokens are locked for a period in exchange for governance power. The longer the lock, the more power granted.
Voting Power
Section titled “Voting Power”Your influence in the system, determined by the amount locked and time remaining on your lock. Used to vote on gauges (veMEZO) or participate in governance (veBTC).
Voting Window
Section titled “Voting Window”The time period during an epoch when votes can be cast. Open from Thursday 01:00 UTC to Wednesday 23:00 UTC (excludes first and last hour of epoch).
Wallet
Section titled “Wallet”A software application that stores your private keys and allows you to interact with blockchain networks. Examples: MetaMask, Rainbow, Coinbase Wallet.
Weight
Section titled “Weight”See Voting Power or Total Weight depending on context.
Related Documentation
Section titled “Related Documentation”- Core Concepts - Detailed explanations of key concepts
- FAQ - Common questions and answers
- Getting Started - Begin using Matchbox