Briefly

  • Only about 0.8% of Bitcoin’s supply is used in DeFi, and most wrapped tokens depend on custodians.

  • Zest Protocol has opened its limited mainnet demons, where BTC can provide loans without leaving Bitcoin.

  • Each vault contains one user's BTC in Bitcoin, while the demo loan is raised in USDC on the Ethereum network.

Read the original story Zest Bets Bitcoin can support loans without leaving its own chain, written by Kamina Bashir on fi.beincrypto.com

#BTC #ETH