Zest Protocol

ZEST Price

About Zest Protocol (ZEST)

Zest Protocol is a decentralized lending and borrowing platform designed to provide institutional-grade liquidity and yield generation services for the Bitcoin ecosystem.

• It allows users to earn native yield on their holdings by depositing Bitcoin into on-chain liquidity pools.
• The protocol enables borrowing against Bitcoin-based assets using a collateralized lending model.
• It features advanced security measures such as risk-isolated asset groups and soft liquidation mechanisms to manage market volatility.

What Is Zest Protocol

Zest Protocol is a DeFi protocol that aims to unlock the capital efficiency of Bitcoin by creating a decentralized marketplace for lending and borrowing. The platform bridges the security of the Bitcoin network with the functional utility of decentralized finance, allowing users to put their assets to work without sacrificing the underlying security of the network.

Value moves through the system as users deposit Bitcoin or Bitcoin-related assets into liquidity pools. These pools provide the capital for borrowers, who must provide collateral to secure their loans. The ZEST token serves as the native application utility token for the protocol, powering the ecosystem's operations and facilitating its growth as it expands from Layer 2 solutions to native Layer 1 integrations.

What Makes Zest Protocol Unique

• Bitcoin Layer 1 Integration: Through its Bitcoin Collateral Vaults, the protocol enables users to borrow against BTC while maintaining custody on the Bitcoin mainnet using BitVM technology.
• Risk Isolation Architecture: The protocol utilizes risk groups to isolate asset exposure, which helps prevent potential contagion between different types of collateral and improves overall system stability.
• Soft Liquidation Mechanism: This feature allows for the gradual unwinding of positions during volatile market conditions, which is intended to minimize slippage and reduce the impact on broader market prices.

What Can You Use Zest Protocol for?

• Earning Native Yield: Users can deposit Bitcoin into the protocol's markets to earn yield on their idle assets.
• Asset-Backed Borrowing: The platform allows users to use assets such as STX and sBTC as collateral to borrow stablecoins or other liquid assets.
• Self-custodial Collateralization: With the implementation of Bitcoin Collateral Vaults, users can access liquidity from EVM chains while keeping their BTC on the Bitcoin base layer.

How Does Zest Protocol Work?

Zest Protocol operates through a series of smart contracts that manage lending pools, collateral requirements, and interest rate models. On the Stacks Layer 2 network, it leverages the security of Bitcoin to facilitate decentralized transactions and ensure the integrity of the lending process.

The protocol's Bitcoin Collateral Vaults are powered by BitVM, a computing paradigm that enables expressive smart contract behavior directly on the Bitcoin network. This allows vault rules to be enforced by the network itself, eliminating the need for central custodians or federated bridges. As an application utility token, any fees associated with the protocol's services are categorized as protocol service fees rather than network gas.

Team Info and Investors

Zest Protocol is backed by several prominent venture capital firms and industry participants. The project raised a $3.5M seed round with participation from investors including Binance Labs, Draper Associates, Flow Traders, and Trust Machines. The protocol emphasizes transparency through its open-source smart contract architecture and has undergone security audits by firms such as Clarity Alliance and Thesis Defense.

Where can you buy Zest Protocol?

ZEST tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Zest Protocol is Gate, where the most active trading pair ZEST/USDT has a trading volume of $364,289.29 in the last 24 hours. Other popular options include Pancakeswap Infinity CLMM (BSC) and KuCoin.

What is the daily trading volume of Zest Protocol (ZEST)?

The trading volume of Zest Protocol (ZEST) is $2,417,332.42 in the last 24 hours, representing a -4.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Zest Protocol (ZEST)?

Zest Protocol (ZEST) reached an all-time high of $0.3466 and an all-time low of $0.06554. It’s now trading -44.70% below that peak and 192.60% above its lowest price.

What is the market cap of Zest Protocol (ZEST)?

Market capitalization of Zest Protocol (ZEST) is $28,022,207 and is ranked #732 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ZEST tokens (150 Million tokens are tradable on the market today).

What is the fully diluted valuation of Zest Protocol (ZEST)?

The fully diluted valuation (FDV) of Zest Protocol (ZEST) is $191,932,923. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion ZEST tokens are in circulation today. Depending on how the emission schedule of ZEST tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Zest Protocol compare against its peers?

With a price increase of 5.50% in the last 7 days, Zest Protocol (ZEST) is outperforming the global cryptocurrency market which is down -2.10%, while underperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are up 6.30%.

How to add Zest Protocol (ZEST) to MetaMask?

Adding Zest Protocol (ZEST) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import ZEST as a token. You can copy ZEST’s contract address (0x5506599c722389a60580b5213ea1da60d64754a1) and import it manually, or if you've installed MetaMask's chrome extension, add ZEST to MetaMask with one click on CoinGecko.

Add ZEST to MetaMask.