Zest Protocol, a startup situated in George Town, Cayman Islands, that offers a lending protocol specifically designed for Bitcoin, has secured $3.5 million in seed money.
Investors
- Binance Labs
- Flow Traders
- Trust Machines
- Asymmetric
- Bitcoin Frontier Fund
- Gravity Fund
- Primal Capital
- Hyperithm
- Miton Crypto
- Tykhe Block Ventures
- Elixir Capital
- Tim Draper’s Draper Associates
Use of funds
The money will be used by the business to increase operations and development initiatives.
About Zest Protocol
Zest Protocol creates a completely native lending experience for Bitcoin by using the impending Stacks Nakamoto and sBTC blockchain improvements. Users finance their balance on Zest Protocol by depositing Bitcoin using a native Bitcoin transaction using sBTC’s peg-in wire format. From there, they may participate in lending or yield-generating activities. Zest Protocol’s lending infrastructure is now operational on Stacks mainnet with Stacks market, in advance of the sBTC launch.