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Drafted from Zest V2's site and DefiLlama · not yet confirmed by Zest V2

Zest Protocol is a Bitcoin DeFi protocol that lets users use their BTC as collateral on other chains without moving or wrapping it.

zestprotocol.com@zestprotocol

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This page was written from what Zest V2 publishes on zestprotocol.com — nobody there has seen it or agreed to it, so there is no one here to answer a question or receive a proposal.

Recent activity

  • Sep 23 — TVL $73M · DefiLlama
  • seen Sep 23 — Now supports 10 BTC initial capacity for its Levered Bitcoin Staking Vault on Stacks. · Zest V2 news
    +1 more from this post
    • seen Sep 23 — Now offers DeFi incentives on Zest Protocol Stacks market paying STX equivalent to 0.5 BTC per month.
  • seen Sep 23 — Supports STX as collateral with 7.20M STX ($2.28M) supplied · Zest V2 site
    +1 more from Zest V2 site
    • seen Sep 23 — Supports sBTC borrowing market with 661.71 sBTC ($56.01M) supplied

About

Zest Protocol allows users to lock BTC in self-custodial Taproot vaults on Bitcoin Layer 1, then use the value of that collateral on another chain, for example to borrow stablecoins. The BTC is never bridged or wrapped, and recovery is programmatic even if the destination chain fails. Zest Protocol also operates a DeFi suite on the Stacks Layer 2, which includes a lending market, swap, and yield vaults, with a reported peak TVL of $100M and current TVL of $90,495,834.