The solution
The solution is an on-chain Bitcoin capital market that runs on smart contracts that are secured by the Bitcoin blockchain itself. Enter Zest Protocol 🍊
This on-chain Bitcoin capital market produces reliable yield by attracting the most credit-worthy borrowers in crypto. These types of borrowers borrow BTC directly against their balance sheet. That’s why Zest Protocol allows for vetted institutions to borrow from liquidity pools without requiring borrowers to overcollateralise on chain. Zest Protocol uses a pool delegate model for providing Bitcoin loans to institutions, allowing for a decentralised network of professional underwriters to compete on their underwriting expertise in a transparent marketplace.

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