DeFi· ★★★· neutral·

Zest Protocol unveils demo of BTC-backed USDC lending without wrapping bitcoin

  • —BTC stays in an L1 vault while USDC loans are issued on an external chain
  • —The demo supports partial withdrawals and partial liquidations with per-wallet limits
  • —The BitVM verification upgrade is not complete and no external audit has been finished
  • —On the Stacks market Zest has drawn over $100M in deposits and processed 1,500+ liquidations with zero bad debt
Why it matters: The design lets holders borrow stablecoin liquidity without selling or wrapping bitcoin, reducing reliance on wBTC-style assets.
#BTC#USDC#STX
Source: TokenPost
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