How do you bring DeFi to Bitcoin without compromising what makes Bitcoin great?
Zest Protocol has been working on that since DeFi summer.
The result: the leading Bitcoin lending protocol, now expanding to L1.
Zest Protocol founder @TychoOnnasch on the protocol's vision two years ago.
Bring BTC onchain, earn yield by lending, borrow against BTC transparently.
Zest Protocol has credentials few Bitcoin DeFi protocols can match.
🔸Backed by tier-1 investors: @yzilabs, @TimDraper & @muneeb
🔸Longest-running BTCFi team
🔸Leading Bitcoin lending protocol
🔸Enabling self-custodial BTC lending on L1, where Bitcoin liquidity lives
The gap in native BTC lending is who can access it.
Institutions borrow against BTC without giving up custody via tri-party agreements. Retail surrenders it to a bridge or a wrapper.
Bitcoin Collateral Vaults remove that tradeoff.
Zest Protocol Stacks market is how liquidity moves on @Stacks.
Zest Protocol made stacked STX productive with 30% of Stacking DAO LSTs deposited.
BTC LSTs are next.
BTC is the biggest crypto asset and barely has a role in a $75B DeFi market.
The reason: no way to use BTC without giving up custody.
Zest Protocol is changing that with Bitcoin Collateral Vaults. BTC stays on L1, stablecoins borrowed across EVM chains.