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.
Zest Protocol reduces counterparty risk by holding capital and issuing loans transparently on chain. Zest Protocol relies on smart contracts to handle pooled funds rather than opaque unaudited balance sheets. Anyone can check on the funds at any time, as well as the open source smart contract code that moves the funds around.
Zest Protocol will feature two types of pools:
Bitcoin yield pools, where users earn a yield on their BTC
Bitcoin collateral pools, where users borrow against their BTC
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The problem

The user experience for a BTC yield pool

Last modified 5mo ago