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The protocol is locking in users with extended lock periods, which translates to higher veBTC allocations. The real money flows from protocol fees—that's where the sustainable yield sits. On the DEX side, swap activity has been solid, with TVL hitting $6.3M in December after the Mezo Earn rollout. What's interesting is the organic liquidity influx; there's no inflationary tokenomics propping things up. Just genuine utility driving capital in.