Zest Protocol is the DeFi protocol built for Bitcoin. It features 2 main products: Zest Protocol Borrow, which enables users to unlock liquidity by borrowing against their assets, and Stacks Market, where users can deposit idle assets like $STX, $sBTC, $stSTX, $USDC, and many more to earn yield, accumulate points, and access overcollateralized loans.
Since May 13, 2024, the project has successfully raised $3.5M in its Seed funding round led by Draper Associates, followed by participation from YZi Labs (prev. Binance Labs), and others.
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Zest Protocol is a Bitcoin-native liquidity layer with over $65M in TVL that enhances $BTC utility in DeFi by enabling users to lend, borrow, and earn yield in a non-custodial, fully on-chain way. Built on Stacks and integrated with the Pyth oracle network, it ensures accurate pricing and secure liquidations while keeping everything composable and trustless.
On April 11th, 2024, the project started its Points Program, where users can earn points for supplying tokens such as $STX, $aeUSDC, $USDh, $aUSD, and $USDA.
<a href="https://coinlaunch.space/projects/zest-protocol/" title="Zest Protocol (ZEST)" target="_blank"><img src="https://coinlaunch.space/media/widgets/0/zest-protocol.png" width="224" alt="Zest Protocol (ZEST)"></a>