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FinTech Seed Founded 2022

Zest Protocol

Zest Protocol is a Bitcoin liquidity protocol enabling users to borrow against Bitcoin and earn up to 3% APY in BTC. The platform offers Bitcoin Collateral Vaults that allow borrowing stablecoins against BTC without moving it off the Bitcoin base layer, using self-custodial, non-bridged architecture powered by BitVM. The protocol also operates a Stacks market where users can deposit BTC to earn yield and borrow…

📍 London, United Kingdom · Cryptocurrencies,

Funding snapshot

Last roundSeed
Amount$4M
Date13 May 2024
Total raised$8M
Team size7

About

Zest Protocol is a Bitcoin liquidity protocol enabling users to borrow against Bitcoin and earn up to 3% APY in BTC. The platform offers Bitcoin Collateral Vaults that allow borrowing stablecoins against BTC without moving it off the Bitcoin base layer, using self-custodial, non-bridged architecture powered by BitVM. The protocol also operates a Stacks market where users can deposit BTC to earn yield and borrow against Stacks assets. With 800 BTC deposited and over 1,500 liquidations processed with zero bad debt, Zest Protocol serves leading institutions with an institutional-grade collateral model. The ZEST native token powers the Bitcoin-backed lending economy and trades across centralized and decentralized exchanges. Founded in 2022, headquartered in London, United Kingdom, The company has raised $7.8M at the Seed stage, backed by investors including Binance, Flow Traders, Trust Machines, Asymmetric, Bitcoin Frontier Fund..

Business model

Cryptocurrencies > Financial Services > Lending > Consumer Loans > Personal Loans > P2P

Institutional investors

Binance Flow Traders Trust Machines Asymmetric Bitcoin Frontier Fund Gravity Fund Primal Capital Hyperithm Mitonc Tykhe Ventures Tim Draper

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