Joined February 2022
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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.
Wait until we get the Q4 numbers in 🟧
Loans on @ZestProtocol rose 132% in Q3 to $14.75M, and about three quarters of that came from net new borrowing 👀
stBTC keeps earning the bond payment while it backs a loan. Zest has processed 1,500+ liquidations with no bad debt.
Zest Protocol retweeted
Loans on @ZestProtocol rose 132% in Q3 to $14.75M, and about three quarters of that came from net new borrowing 👀
stBTC keeps earning the bond payment while it backs a loan. Zest has processed 1,500+ liquidations with no bad debt.
Everyone wants to bring RWA collateral onchain.
Yet the best collateral in the world is already here, and it's Bitcoin.
Zest Protocol co-founder @TychoOnnasch at @DeFinition_evt on why he'd build on Bitcoin again.
Zest Protocol founder @TychoOnnasch, turning Bitcoin from idle asset into productive capital at @Bitcoinconfams.
A price drop shouldn't liquidate a full BTC position. Bitcoin Collateral Vaults are built for partial liquidations.
We're turning Bitcoin from idle asset into productive capital at @bitcoinconfams this week.
Borrows are now re-enabled on Zest Protocol @Stacks market.
Withdrawals and repayments have remained open throughout.
Zest Protocol was not affected by the Binance incident.
Out of an abundance of caution, Zest Protocol paused new borrows after the Binance incident.
Positions remain overcollateralized and markets are healthy. Zest Protocol products have no exposure to Binance.
We did this to protect our users and will resume borrows alongside the wider ecosystem soon.
Bitcoin Collateral Vaults don't pool BTC.
Each borrower's BTC sits in a single-user vault on Bitcoin.
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.
