sBTC x Zest: DeFi for Bitcoiners

Bitcoin holders have one of two choices to make:

1. Keep their BTC on the L1, unable to use their assets to their fullest
2. Deploy their BTC in DeFi - trusting a custodian or multisig to keep their assets safe

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We need a better option if we want to onboard Bitcoiners to DeFi.

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A form of BTC that can be deployed in DeFi while maintaining the secure properties of self-custodial L1 Bitcoin.

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sBTC: The Best Option

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Stacks, the most prominent and secure Bitcoin L2, is launching the most decentralized, Bitcoin aligned solution to ever exist: sBTC.

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sBTC (Stacks BTC) is 1:1 pegged to Bitcoin and benefits from the programmability of the Stacks blockchain.

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The Stacks team created sBTC because they were disappointed with the other wrapped Bitcoin products on the market. They all rely on tradeoffs that are not Bitcoin aligned.

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The Zest Protocol core team is composed of a few key members that worked on the sBTC source code. We can confirm: this is the cheapest, fastest, and best Bitcoin derivative for builders to utilize.

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Why sBTC?

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Why is sBTC a better choice compared to similar wrapped BTCs on other chains?

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Let’s cover the basics:

• sBTC is cheaper to use than any of its competitors
• sBTC is faster than any of its competitors
• sBTC has better UX than any of its competitors
• sBTC is more secure than any of its competitors

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In this chart, we compared sBTC to the top wrapped BTC competitors on the market:

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There is a clear winner: sBTC will be the ultimate way for Bitcoiners to get more out of their Bitcoin.

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Zest Protocol, the Bitcoin DeFi app, will leverage sBTC to create the best DeFi experience possible for Bitcoiners.

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Users will be able to earn permissionless yield and be able to borrow against their Bitcoin - all in one place.

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This experience will only become better once the Nakamoto Upgrade launches at block 864864!

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sBTC Post-Nakamoto

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Post Nakamoto, Bitcoiners can expect:

• Lightning fast confirmations (~10 seconds)
• Bitcoin finality - Stacks transactions will be as secure as BTC

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With sBTC and the Nakamoto Upgrade - Zest will solidify itself as the most secure, Bitcoin native way to earn yield on your BTC as well as borrow against it.

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BTCz, our liquid-staked BTC launching in partnership with Babylon Labs, will only make this case stronger once it goes live in the next few weeks.

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There is a $1T+ market of liquidity that’s waiting to be tapped into. We’re excited to welcome all Bitcoin hodlers to Zest once sBTC and BTCz are live.

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Join our community via Discord and Telegram!

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And as usual, stay zesty🍊

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