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.
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.
The best swap experience on @Stacks just got better
New on Zest Protocol Stacks Swap: large swaps no longer have to squeeze through one pool.
Zest Protocol Stacks Swap can split a big trade into multiple swaps that run side by side in one transaction.
Here's why that matters. An AMM pool prices every trade off its own reserves. The bigger your order, the further the price moves against you.
Split the order across two routes and each pool only takes part of it. Each price moves a shorter distance, so the combined output beats the best single route.
On every quote, the router checks hundreds of pools across @bitflow, @ALEXLabBTC and all other DEXes on Stacks. When no direct pool has the best price, a route automatically split the swap over multiple pools for best execution.
Zest swap only splits when it pays off after fees. Big trades are where splitting makes the biggest difference.
Users see the minimum received before signing, and if the trade can't hit it, the whole swap reverts.
Best execution on Stacks, with Zest Protocol Swap.
Four weeks of Bitcoin Collateral Vaults on mainnet.
113 vaults opened on Bitcoin L1, each borrowing USDC on Ethereum against native BTC.
Zest Protocol Stacks Market v1 aeUSDC positions close this Friday, 23 October.
Repay remaining aeUSDC loans, withdraw aeUSDC, and move to USDCx on Stacks Market v2 before then.
Update for Zest Protocol Stacks Market v1 users
@Allbridge_io is shutting down the aeUSDC bridge to @Stacks on November 3. Remaining aeUSDC supply and loans on v1 will be closed out.
Zest Protocol Stacks Market v1 aeUSDC positions will close on 23 October.
Repay any remaining aeUSDC loans, withdraw aeUSDC, and move to USDCx on Stacks Market v2.
We're in Lugano this week turning Bitcoin from idle asset into productive capital at @LuganoPlanB 🟧
