Zest Protocol
The Bitcoin liquidity protocol
London · Founded 2022 · $3.5M raised
- Headquarters
- London
- Founded
- 2022
- Business Model
- B2C
- Website
- zestprotocol.com
- Total Funding
- $3.5M
- Last Round
- $3.5M SeedMay 2024
- Rounds
- 1
About
Zest Protocol is a DeFi lending and liquidity protocol built for Bitcoin, live since 2023 on the Stacks Layer 2 network. Users deposit BTC to earn yield (~1.5% APY) or borrow stablecoins like USDCx and USDh against sBTC, STX, and other Stacks assets, with risk-isolated markets and soft liquidations to minimize slippage. The protocol has processed over 800 BTC in deposits and 1,500+ liquidations with zero bad debt, and is expanding with self-custodial Bitcoin Collateral Vaults powered by BitVM. Zest Protocol was founded in 2022 by Tycho Onnasch and Fernando Foy.
Summary
Zest Protocol is a Crypto & Web3 company based in London, founded in 2022. It has raised $3.5M in total across 1 round, most recently a $3.5M Seed round in May 2024. Investors include Draper Associates, Binance and Flow Traders.
Tech & App Stack
4 technologies & apps tracked
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Funding History
May 2024
Investors
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