Good morning Guys! 👋🏼 Did you know that Binance has announced a new investment in the Zest lending protocol, based on the chain "anchored" to Bitcoin Stacks, to introduce on-chain BTC lending solutions?
This investment signifies Binance's interest in the new developments of the Bitcoin network, highlighted by the halving and the launch of the Runes protocol.
The Zest protocol enables the programmability and interoperability of Bitcoin, meeting the needs of BTC holders. Binance Labs is committed to identifying influential players in the sector to accelerate the growth of the Zest protocol.
🎯 The goal is to redefine Bitcoin lending, typically managed by centralized entities with additional and inefficient fees. The project is primarily based on the "Nakamoto" update of Stacks, with the sBTC token used for BTC deposits and to finance balances on the Zest protocol, offering two types of BTC liquidity pools and returns for users.
Tycho Onnasch, founder of Zest, expresses excitement about collaborating with Binance Labs to redefine Bitcoin lending.
❓ In your opinion; What are the main features of the Zest lending protocol supported by Binance and based on Bitcoin Stacks, and how does it aim to redefine the sector of loans on Bitcoin ❓
