Zest Protocol
ClaimZest Protocol is a Bitcoin DeFi protocol that lets users use their BTC as collateral on other chains without moving or wrapping it.
Key numbers · TVL $73M · per DefiLlama · updated Sep 23
Overview
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.
Recent activity
Ran Bitcoin L2 lending market with $100M peak TVL
1 more from this post
Operates with 2+ years mainnet lending experience and zero bad debt
Launched Levered Bitcoin Staking Vault with initial capacity of 10 BTC on Stacks
3 more from this post
Offers STX incentives equivalent to 0.5 BTC per month to Stacks market users, powered by Stacks Endowment
Now offers DeFi incentives on Zest Protocol Stacks market paying STX equivalent to 0.5 BTC per month
Now supports 10 BTC initial capacity for its Levered Bitcoin Staking Vault on Stacks.