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The user experience for a BTC yield pool
To participate in a Bitcoin yield pool on Zest Protocol, users need a Stacks and Bitcoin address to participate.
To start earning a BTC yield, LPs take the following steps:
This step takes 1 confirmation on Bitcoin (~10 minutes)
This step takes 1 confirmation on Bitcoin (~10 mintues)
The user now has LP tokens in their Stacks wallet that represent a claim on the BTC they added to a Zest pool.
To borrow BTC, Borrowers take the following steps:
A Loan request requires a signature on the Stacks layer, which takes 1 confirmation on Bitcoin to confirm (~10 minutes)
Drawdown requires a signature on the Stacks layer, which takes 1 Bitcoin confirmation to confirm (~10 minutes)
Pool delegates sign transactions on the Stacks layer to confirm loan requests and draw down their earnings to their BTC address via Stacks transactions. Pool cover providers provide Stacks-based SIP-10 tokens (xBTC/sBTC) as pool cover through Stacks transactions
If you'd like to be the first to try out Zest Protocol or get a private demo, request early access here: https://www.zestprotocol.com/contact
Last modified 2mo ago