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Zest Protocol
Zest Protocol is a decentralized, on-chain Bitcoin liquidity protocol. It enables users to lend their BTC to earn yield or borrow against it. The protocol operates on the Stacks layer, with plans to integrate native Bitcoin support.
Distributed
Description
Zest Protocol is an on-chain, open-source DeFi protocol built for Bitcoin, aiming to make it a productive asset. It allows users to put their BTC to work to earn yield or borrow against it. The protocol is currently live on Stacks, a Bitcoin Layer 2, where it is a leading DeFi application. Through its Stacks Market, users can deposit assets like STX, sBTC, stSTX, and USDC to earn yield, accumulate points, and access overcollateralized loans. Zest Protocol has launched Zest Protocol Borrow to unlock liquidity by allowing users to borrow against their assets. The project has undergone security audits by Clarity Alliance, Thesis Defense, and Immunefi, and has plans to roll out native BTC support.Grant Funding
VC Funding
None
2024
$0
$3.5M