TREE NEWS update: Bitcoin lending protocol Zest Protocol published on-chain proof of its mainnet deployment, disclosing three Bitcoin transactions and seven Ethereum transactions for an independently verifiable demo of its Bitcoin-collateralized vault. The product locks Bitcoin in a Bitcoin mainnet vault without wrapping or bridging and supports borrowing stablecoins on EVM chains such as Ethereum. The feature remains a mainnet prototype, not yet fully open for deposits and borrows, with a roadmap moving from pre-signed transactions to BitVM verification.
Zest Protocol Publishes On-Chain Proof of Bitcoin-Collateralized Vault Mainnet Demo
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AI take
The significance here is architectural rather than commercial: Zest is trying to make Bitcoin collateral usable on EVM chains without wrapping or bridging, which removes the custodial and bridge-risk assumptions that have defined most prior attempts. That matters most to BTC holders seeking stablecoin liquidity and to the lending venues competing on collateral safety. The open question is whether the roadmap from pre-signed transactions to BitVM verification holds up in production, since the trust model shifts materially along that path.
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