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

SBTC

Odaily Planet Daily News: Bitcoin lending protocol Zest Protocol completes 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 assets like sBTC (pegged 1:1 to Bitcoin) to create a lending service entirely native to the Bitcoin network. (coindesk)

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