Institutions have stopped asking how to fit into DeFi.
They ask on-chain finance to automate into what they already do. Zest Protocol founder @TychoOnnasch on how Bitcoin Collateral Vaults are built for this shift.
The Levered Bitcoin Staking Vault is open with 100 BTC of capacity.
Deposit sBTC or stBTC on @Stacks. The vault borrows sBTC against the stBTC, stakes it into more stBTC with 6% historic APY.
Bitcoin Collateral Vaults demo is now on mainnet.
Deposit native BTC into a self-custodial vault on Bitcoin L1. Borrow Ethereum USDC against it. The capital layer for Bitcoin.
The first yield is accruing in Zest Protocol's Levered Bitcoin Staking Vault on @Stacks.
The vault share price is starting to reflect the strategy's returns. Holders can track that change directly in the app.
Two ways to qualify for Zest Protocol's upcoming incentives on @Stacks:
Supply sBTC. No borrowing required.
Borrow USDCx at 20% LTV or above. Get paid to borrow.
$ZEST, the native token of Zest Protocol, is officially here.
$ZEST is now listed across exchanges and season 1 airdrop is live.
It's the starting point in the next chapter of Zest Protocol’s growth.