Zest Lets Bitcoin Back Ethereum USDC Loans Without Wrapping BTC
TL;DR Zest Protocol has launched a mainnet demo allowing native BTC on Bitcoin to back USDC borrowing on Ethereum. Bitcoin remains inside a self-custodial Taproot vault rather than being wrapped or bridged to another chain. The current demo caps collateral at 0.001 BTC per wallet and is not yet the unrestricted production launch. Bitcoin holders […]
Key Takeaways
- TL;DR Zest Protocol has launched a mainnet demo allowing native BTC on Bitcoin to back USDC borrowing on Ethereum.
- Bitcoin remains inside a self-custodial Taproot vault rather than being wrapped or bridged to another chain.
- The current demo caps collateral at 0.001 BTC per wallet and is not yet the unrestricted production launch.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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