The Work Index by Flexa

Zest Protocol

Zest Protocol is a DeFi protocol designed to bring on-chain lending and borrowing to Bitcoin.

https://www.zestprotocol.com/
4.4

/10

Transparency ranking

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Description

Zest Protocol is a decentralized finance (DeFi) protocol built for Bitcoin. They aim to create a vibrant borrowing and lending ecosystem around Bitcoin, enabling users to put their BTC to work by earning yield or borrowing against their holdings. Their smart contracts operate on-chain and are open-source, ensuring transparency and security. The protocol is currently live on Stacks, a Bitcoin layer-2, and is rolling out native BTC support soon. They are backed by prominent investors such as Draper Associates, Binance Labs, and Flow Traders, who are committed to supporting the growth of the Bitcoin DeFi ecosystem.

Zest Protocol focuses on providing trustless and secure solutions for both lenders and borrowers. Their Stacks Market allows users to deposit assets like STX, stSTX, and USDC to earn yield, points, and collateral for overcollateralized loans. In Q4 2024, they will launch Zest Protocol Earn, a native BTC yield product powered by Stacks, offering real yield on Bitcoin directly from the Bitcoin blockchain. By building a robust lending infrastructure for Bitcoin, Zest Protocol aims to unlock the potential of the asset and make it more productive for all users.

Mission

Zest Protocol is a DeFi protocol built for Bitcoin, aiming to create a vibrant borrowing and lending ecosystem around BTC. The company's mission is to redefine Bitcoin lending by enabling every BTC holder to deploy their assets in on-chain lending markets, making Bitcoin productive and accessible for both lenders and borrowers in a secure and trustless environment.

Disruptor
Soonicorn

Culture

Zest Protocol promotes a culture of transparency and community engagement, reflected in their open-source smart contracts and active presence on social media. They emphasize the importance of security and strive to build a robust DeFi ecosystem for Bitcoin, encouraging user contributions and collaboration. Their team, including the "Zest Intern," conveys a friendly and approachable tone, fostering a welcoming environment for those interested in Bitcoin and Stacks DeFi.

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