2. Launch of Bitcoin Vaults on L1 and Technical Updates
Testing Bitcoin Collateral Vaults: The project launched a mainnet demo of its Bitcoin Collateral Vaults, which allow users to borrow USDC on Ethereum against native Bitcoin (BTC) held in Taproot-based self-custodial vaults, without the need to wrap or bridge assets.
Migration and Security: In October–early November, the protocol successfully completed the technical migration of users from the V1 market (aeUSDC) to V2 (USDCx) following the shutdown of the Allbridge bridge. In late October, the team also temporarily suspended the issuance of new loans amid external market incidents to protect users’ funds.
Futures:$ZEST
Spot:
Testing Bitcoin Collateral Vaults: The project launched a mainnet demo of its Bitcoin Collateral Vaults, which allow users to borrow USDC on Ethereum against native Bitcoin (BTC) held in Taproot-based self-custodial vaults, without the need to wrap or bridge assets.
Migration and Security: In October–early November, the protocol successfully completed the technical migration of users from the V1 market (aeUSDC) to V2 (USDCx) following the shutdown of the Allbridge bridge. In late October, the team also temporarily suspended the issuance of new loans amid external market incidents to protect users’ funds.
Futures:$ZEST
Spot:
