ZEST PROTOCOL announced the completion of a $3.5 million seed round financing, led by TIM DRAPER, with participation from BINANCE LABS, FLOW TRADERS, TRUST MACHINES, and others. The protocol utilizes the NAKAMOTO upgrade of the Bitcoin Layer 2 stack and bridges the asset SBTC (pegged 1:1 with Bitcoin) to create a fully native lending service on the Bitcoin network.

SBTC

According to Coindesk, the Bitcoin lending protocol Zest Protocol has announced the completion of a $3.5 million seed round of financing, led by Tim Draper, with participation from Binance Labs, Flow Traders, Trust Machines, and others. The protocol utilizes the Nakamoto upgrade of the Bitcoin second-layer stack and bridges the asset sBTC (pegged 1:1 to Bitcoin) to create a lending service entirely native to the Bitcoin network.

ZEST PROTOCOL has completed a $3.5 million seed round financing, led by TIM DRAPER.