Zest Protocol Stacks market public launch 🎉
5
minute read
April 12, 2024
Tycho Onnasch
We are beyond excited to announce the first phase of Zest Protocol: Stacks markets are now open to the public!
Users can deposit Stacks assets to benefit from various usecases such as passive yield, collateralized borrowing, and points from partner projects! Our lending market is the first step in unlocking the power of sBTC, backed 1:1 to BTC, once it launches with the Stacks Nakamoto upgrade.
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Zest Protocol is primed to take full advantage of sBTC: we're building powerful, secured and audited contracts that allow Bitcoin holders to easily deposit their BTC and earn trustless yield. Once deposited, lenders can borrow against their BTC to access liquidity without having to sell their tokens. Deploying the contracts on mainnet that will facilitate Bitcoin lending for lending markets on Stacks, is an ideal first step for making this vision a reality.
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“A resilient capital market will be a major factor in Bitcoin reaching the next billion users,” said Muneeb Ali, Co-Founder and CEO of Trust Machines, who incubated Zest Protocol in its early stage. “The team at Zest is mission-driven to make Bitcoin a truly viable global reserve asset in the next decade. This Stacks market launch helps them make the first step towards redefining Bitcoin lending.”
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Get ready for the Nakamoto upgrade by depositing STX, stSTX and aeUSDC (with more assets on the way) to earn yield on your idle assets! Our partnership with Stacking DAO allows you to earn 1.5x points on all deposited stSTX, with more partnerships on the way.
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Don't forget to sign up for our waitlist to get notified first when sBTC deposits open!
Join our growing community! Our Discord and Telegram are great places to learn more about Zest Protocol and get your questions answered. Our team is more than happy to help onboard you to the incredible world of DeFi on Bitcoin.
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