Zest Protocol Raises $3.5 Million for Bitcoin Lending, Led by Tim Draper and Binance Labs

May 13, 2024, 02:35 PM

Zest Protocol, a bitcoin lending startup with only six employees, has successfully raised $3.5 million in a seed funding round. The funding round was led by billionaire investor Tim Draper, with participation from Binance Labs, Flow Traders, Trust Machines, Asymmetric, and BTC Frontier Fund. The funds will be used to enable Bitcoin holders to deploy their assets on-chain and generate yield. Zest Protocol aims to redefine Bitcoin lending by providing a transparent and permissionless platform for lending and borrowing native BTC on the Stacks blockchain.