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

May 13, 2024, 02:35 PM

Zest Protocol, a bitcoin lending startup with just six employees, has successfully raised $3.5 million in a seed funding round. The round was led by billionaire investor Tim Draper, with significant contributions from Binance Labs, Flow Traders, Trust Machines, Asymmetric, and other investors. This funding will enable Bitcoin holders to deploy their assets on-chain and generate yield through Zest's lending platform, which is built on the Stacks blockchain.