Short & sweet

  • Only about 0.8% of the Bitcoin supply is used in DeFi, with most Wrapped Tokens relying on custodians.

  • Zest Protocol launches a limited Mainnet demo: BTC as collateral for loans, without leaving Bitcoin

  • Each vault holds a user’s BTC on Bitcoin, while the demo loan is taken out in USDC on Ethereum.

Read the original story Zest enables loans with Bitcoin as collateral, without the coin leaving its own blockchain by Kamina Bashir on de.beincrypto.com

#BTC #ETH