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Zest Protocol raises $3.5m Seed round to redefine Bitcoin lending
Led by @DraperVC, with participation from @BinanceLabs, @FlowTraders, @trustmachinesco, @goasymmetric and more 🤝
Zest Protocol
10.1K posts
Zest Protocol
@ZestProtocol
🟧 The lending protocol built for Bitcoin, backed by @drapervc & @yzilabs
Borrow against your Bitcoin and earn up to 5% APY (paid in BTC)
Joined February 2022
- Whales keep coming back to Zest Protocol. With a renewed borrow, this user adds to their position while their sBTC out-earns the cost of borrowing USDC on @Stacks.
Additional borrow transaction: - We built the largest lending market on Bitcoin L2s. Now we're building one where BTC collateral stays on L1. Heads down, watch this space 🟧
- Stacks is now live on @FireblocksHQ. 2,400+ institutional clients can now reach Bitcoin DeFi directly: lending, trading, and BTC yield using the custody infrastructure they already trust.
- The next phase of adoption is making the asset 100M+ people already hold productive. @TychoOnnasch on why Bitcoin is the bridge, live later today on X.HTX Space Alert: Web2 🤝 Web3 Where does adoption go next? Hear from builders shaping the future: • Tycho, Founder, @ZestProtocol • Tugce Smith, Marketing Lead, @citrea_xyz • Chloe Zheng, Researcher, @HTX_Research Set your reminder: x.com/i/spaces/1AJEm…
- Zest Protocol reposted
The flywheel in @Stacks Bitcoin Staking is elegant, and it gets stronger as the network earns fees from Bitcoin DeFi. Users stake BTC to secure the chain, earn BTC yield, and lock STX supply in the process. This new STX utility as staking capacity results in increased demand,Hold BTC. Earn BTC. That's what Bitcoiners want. Today we're publishing the Bitcoin Staking whitepaper. Self-custodial. BTC-denominated yield. Here's what it is and why it matters 🧵
- Zest Protocol Swap is now multi-chain. Users can now also buy $ZEST on Base, Ethereum and BNB chain.
- 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.
00:00 - Zest Protocol founder @TychoOnnasch on the protocol's vision two years ago. Bring BTC onchain, earn yield by lending, borrow against BTC transparently.
00:00 - 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
- Zest Protocol reposted
ZEST takes to the skies 🛫 The $ZEST - $USDC pool on Aerodrome is now eligible to receive AERO emissions. Welcome, @ZestProtocol.
