Bitcoin holders have one of two choices to make:
- Keep their BTC on the L1, unable to use their assets to their fullest
- Deploy their BTC in DeFi - trusting a custodian or multisig to keep their assets safe
We need a better option if we want to onboard Bitcoiners to DeFi.
A form of BTC that can be deployed in DeFi while maintaining the secure properties of self-custodial L1 Bitcoin.
sBTC: The Best Option
Stacks, the most prominent and secure Bitcoin L2, is launching the most decentralized, Bitcoin aligned solution to ever exist: sBTC.
sBTC (Stacks BTC) is 1:1 pegged to Bitcoin and benefits from the programmability of the Stacks blockchain.
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.
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.
Why sBTC?
Why is sBTC a better choice compared to similar wrapped BTCs on other chains?
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
In this chart, we compared sBTC to the top wrapped BTC competitors on the market:
There is a clear winner: sBTC will be the ultimate way for Bitcoiners to get more out of their Bitcoin.
Zest Protocol, the Bitcoin DeFi app, will leverage sBTC to create the best DeFi experience possible for Bitcoiners.
Users will be able to earn permissionless yield and be able to borrow against their Bitcoin - all in one place.
This experience will only become better once the Nakamoto Upgrade launches at block 864864!
sBTC Post-Nakamoto
Post Nakamoto, Bitcoiners can expect:
- Lightning fast confirmations (~10 seconds)
- Bitcoin finality - Stacks transactions will be as secure as BTC
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.
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.
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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And as usual, stay zesty🍊
