A decentralized finance (DeFi) protocol built on Stacks, enabling users to lend and borrow Bitcoin through on-chain smart contracts. It allows Bitcoin holders to earn interest by providing liquidity or access funds by collateralizing their BTC, addressing the lack of native lending markets in the Bitcoin ecosystem.
Funding
$6.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Bitcoin holders lack native decentralized finance (DeFi) opportunities to earn interest or borrow funds using their BTC holdings directly on the Bitcoin network. Existing solutions often involve wrapped Bitcoin or centralized platforms, introducing counterparty risk and limiting composability within the Bitcoin ecosystem.
Solution
Zest Protocol is a DeFi protocol built on Stacks that enables users to lend and borrow Bitcoin through on-chain smart contracts. Users can earn interest by providing BTC liquidity to the protocol or access funds by collateralizing their BTC holdings. Zest Protocol aims to provide a secure and transparent platform for Bitcoin holders to participate in DeFi activities without relying on centralized intermediaries or wrapped assets. The protocol's smart contracts operate on-chain and are open-source, promoting transparency and trust.
Target Audience
Zest Protocol targets Bitcoin holders seeking DeFi opportunities to earn interest or borrow funds using their BTC holdings in a decentralized and transparent manner.
Features
- On-chain lending and borrowing of Bitcoin using Stacks smart contracts.
- Ability to earn interest by providing BTC liquidity to the protocol.
- Access to funds by collateralizing BTC holdings.
- Open-source smart contracts for transparency and auditability.
- Native BTC support.