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Zest Protocol Transcript

October 25, 2022 / 3:00 pm

Satoshi Club, Zest Protocol
500$ prize
Read Recapitulation
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Part 1 — introduction and questions from the Telegram & WebSite

MMary | Satoshi Club

Hello Satoshi Club community today we have AMA session with Zest Protocol Let's welcome our guests!

GGold Rocket | Satoshi Club

Greetings, dear Satoshi Club community!

GGold Rocket | Satoshi Club

Today our guests are @Joshavenue @tycho2

GGold Rocket | Satoshi Club

Hello and welcome to Satoshi Club, guys!

JJosh | Zensite.co

Hello to everyone here

JJosh | Zensite.co

Excited to kick start this AMA and show Zest Protocol to everyone here and the power of what you can do your own BTC

MMary | Satoshi Club

Hello and welcome to the Club

GGold Rocket | Satoshi Club

Nice to e-meet you. How are you doing? To be honest we are really excited about upcoming AMA

JJosh | Zensite.co

We are doing great , nice to meet you too!

JJosh | Zensite.co

Feeling zesty

MMary | Satoshi Club

Guys, i know you have an unusual project, you followed the path of pioneers, tell our community what Zest Protocol is

GGold Rocket | Satoshi Club

we look forward to this moment

JJosh | Zensite.co

Zest Protocol is a Bitcoin lending protocol that operates on-chain and is open-source. Zest Protocl enables Bitcoin liquidity providers (Anyone like you or me) to earn Bitcoin yield through professionally managed lending pools that lend to the most credit-worthy borrowers in crypto. For borrowers, Zest offers on-chain Bitcoin loans directly against their balance sheet.

GGold Rocket | Satoshi Club

To warm up, also tell a bit about yourself. About your personal crypto history. What attracted you to this direction?

TTycho Onnasch | Zest Protocol 🍊

Hey there!

JJosh | Zensite.co

In case if you have not checked our website before, here it is: https://www.zestprotocol.com/

TTycho Onnasch | Zest Protocol 🍊

Tycho here, co-founder of Zest Protocol

MMary | Satoshi Club

Hello ! welcome here

GGold Rocket | Satoshi Club

Hey

GGold Rocket | Satoshi Club

Nice to e-meet you too

GGold Rocket | Satoshi Club

Thanks for sharing

TTycho Onnasch | Zest Protocol 🍊

Yes of course! So I started getting interested in smart contracts in 2016-17 but it took a while before I could see what the first sustainable profitable protocols would be. Then when DeFi summer happened in 2020 it became very clear to me that it would be DeFi. When Stacks launched in 2021 I started looking at ways to use native BTC in DeFi and now here we are launching zest protocol testnet

TTycho Onnasch | Zest Protocol 🍊

just hit me with the next question

GGold Rocket | Satoshi Club

this is a really incredible story! it was very prudent of you

MMary | Satoshi Club

How long have you been working on Zest Protocol? Why orange coin? There are a lot of easy ways to make DeFi project on chains like Eth etc. You are not looking for easy ways or you're Bitcoin maximalists?

TTycho Onnasch | Zest Protocol 🍊

So I started working on Zest Protocol about a year ago. Initially just based on this idea that Stacks' unique features would make on-chain Bitcoin lending possible for the first time (Stacks has read access to Bitcoin state because of it's unique architecture). Then when scoping out how people borrow BTC I figured out that it was mainly institutions who would borrow BTC, which is why zest protocol turned into an insitutional bitcoin lending protocol

JJosh | Zensite.co

For those who are not familiar on what Stacks is, you can read about Stacks via their official website: https://www.stacks.co/

TTycho Onnasch | Zest Protocol 🍊

It's also very obvious that there's a huge untapped market here for Bitcoin loans to institutions & none of the Ethereum/Solana DeFi protocols can touch this market

TTycho Onnasch | Zest Protocol 🍊

It can only be done by building on Stacks

TTycho Onnasch | Zest Protocol 🍊

just let me know what you'd like to know more

MMary | Satoshi Club

Ofitopic Do you think Satoshi's plans were to turn Bitcoin into a financial instrument for institutions or was he still creating it for mass use?

JJosh | Zensite.co

For those who are asking why Zest Protocol is only possible on Stacks, you can read more on how Stacks is linked to the Bitcoin network here: https://docs.stacks.co/docs/understand-stacks/

GGold Rocket | Satoshi Club

This is a truly unploughed field of work. And it is very good that you decided to develop it. Please tell us about the team that helps you in this process

MMary | Satoshi Club

So true i am fan of Stacks and to be honest i was familiar with Zest Protocol long time ago, so i am yours fan as well

TTycho Onnasch | Zest Protocol 🍊

It has to be both! If Bitcoin is money, then there are people out there with future earnings in Bitcoin. If there are people out there with future earnings in Bitcoin, then there is a demand for Bitcoin loans. Currently the actors with future earnings in Bitcoin that you'd want to lend to are institutions, because they are the most credit-worthy

TTycho Onnasch | Zest Protocol 🍊

Later, Zest Protocol could also lend to people

TTycho Onnasch | Zest Protocol 🍊

But it has to start with institutions

MMary | Satoshi Club

Good point👍

TTycho Onnasch | Zest Protocol 🍊

Yes I work with a small team of very talented engineers & we get quite some support from the Stacks ecosystem entities such as Hiro for developer tools or Trust Machines

TTycho Onnasch | Zest Protocol 🍊

love that!

GGold Rocket | Satoshi Club

Is your team anonymous?

TTycho Onnasch | Zest Protocol 🍊

I'm not

MMary | Satoshi Club

Ahaha

TTycho Onnasch | Zest Protocol 🍊

The rest of the team isn't strictly anonymous, we're all real people with real names - though we've not communicated very broadly on our website who we are because we want to put the focus on the protocol, not us :)

GGold Rocket | Satoshi Club

Nice answer

TTycho Onnasch | Zest Protocol 🍊

haha

MMary | Satoshi Club

Guys, thank you for your intro

GGold Rocket | Satoshi Club

Understandably

GGold Rocket | Satoshi Club

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

TTycho Onnasch | Zest Protocol 🍊

yes!

GGold Rocket | Satoshi Club

Q1 from Telegram user @silver_splash Greetings Zest Protocol’s Team! Being the first on-chain Bitcoin capital market is for sure a very great innovation in this wide DeFi space and as such I really commend the project’s. From my research, I observed that Zest Protocol’s focus is mainly on Bitcoin (BTC). In this regard, I would like to know why the platform has chosen to focus on the Bitcoin market; frankly speaking, the Bitcoin market currently lacks an on-chain borrowing mechanism and as such, it is hard for a Bitcoin denominated business to grow. In a nutshell, explain how Zest Protocol aims to address this problem. How will you create a credible solution to the problem faced by the on-chain Bitcoin market? What benefits are general platform users opened to?

TTycho Onnasch | Zest Protocol 🍊

Yes of course!

TTycho Onnasch | Zest Protocol 🍊

So there is a lot of CeFi borrowing/lending of Bitcoin going on. Billions of $$ every quarter. With Zest Protocol we can bring this on chain, in a similar way like Maple Finance has done with for ETH and USDC borrowing

TTycho Onnasch | Zest Protocol 🍊

Why do we need an on-chain Bitcoin lending protocol? Because today’s Bitcoin lending solutions carry too much risk, specifically custody and counterparty risk. To lend BTC, you have to trust a third party with handling your BTC funds (custody risk) and lack visibility into who your BTC is being lent out to (counterparty risk). As a result, most Bitcoin sits idle in cold storage and isn’t used to grow the Bitcoin economy

TTycho Onnasch | Zest Protocol 🍊

The counterparty risk of centralised Bitcoin lending solutions became extremely clear in May/June 2022, when it appeared that almost all Bitcoin lending platforms had been lending a significant amount of their assets to the same insolvent hedge fund (Three Arrows Capital). Because of the opaque nature of crypto lending, users had no way to find out how exposed their crypto lending platform was to the cascading defaults that ensued. Users also became increasingly concerned over custody risk of any centralised entity in crypto. As a result, users pulled their Bitcoin capital from centralised lending platforms en masse. The fledgling Bitcoin capital market imploded

TTycho Onnasch | Zest Protocol 🍊

It's time to rebuild this on chain

MMary | Satoshi Club

How big do you see the market for yourself? Will users willingly want to switch from the usual wrapped bitcoin to them, learn to use new wallets, options?

MMary | Satoshi Club

I saw users were wondered why they can't use Metamask on your website 🤣

TTycho Onnasch | Zest Protocol 🍊

We're not competing with wrapped Bitcoin, wrapped bitcoin is only a tiny tiny portion of all BTC in existence. 99% of Bitcoin is not wrapped, that's what we're going after

GGold Rocket | Satoshi Club

I love your answersIt is always apt and to the point.

TTycho Onnasch | Zest Protocol 🍊

thanks

TTycho Onnasch | Zest Protocol 🍊

Well! Metamask is not a Bitcoin wallet. Users need a Bitcoin wallet and a Stacks wallet. Soon there will be a wallet out there that can do both

JJosh | Zensite.co

For those who are wondering what is 3AC and what happened to them, you may read the story here: https://www.zenledger.io/blog/three-arrows-capital-3ac-what-happened#:~:text=A%20court%20in%20the%20British,creditors%20in%20early%20July%202022.

TTycho Onnasch | Zest Protocol 🍊

But at first, users will need both wallets to interact with the protocol

MMary | Satoshi Club

Wow, never heard, but will wait for it!

TTycho Onnasch | Zest Protocol 🍊

haha yes that's right

MMary | Satoshi Club

Thank you for your answers, guys! Ready to go to the second question?

TTycho Onnasch | Zest Protocol 🍊

Hiro wallet 👀 yes!

GGold Rocket | Satoshi Club

Well, everything is clear to me. Are you ready for the next question?

MMary | Satoshi Club

Q2 from Telegram user @blessing_chum Gooday, I saw that the Zest Protocol’s users is divided into four(4) groups which are; Liquidity Providers, Pool Delegates, Borrowers and Pool Cover Providers. Kindly give details as regarding the functions and benefits attached to each group of users mentioned above. What is the difference between the Liquidity Providers and Pool Cover Providers? What is the requirements to be a Pool Delegate? Now to get started on Zest Protocol, what KYC process will I go through? Is it possible to run multiple accounts?

JJosh | Zensite.co

Electrum is a Bitcoin wallet that is accessible for anyone to use. Electrum wallet site: https://electrum.org/

MMary | Satoshi Club

Thank you!

TTycho Onnasch | Zest Protocol 🍊

Yes of course

TTycho Onnasch | Zest Protocol 🍊

So let me find the right info from our docs for speed

TTycho Onnasch | Zest Protocol 🍊

👨‍👨‍👧‍👦 Liquidity providers (LPs) [the everyday user]: Liquidity providers add BTC to a liquidity pool from which loans are funded that earn yield in BTC for the liquidity providers to the pool (at time of writing borrowers pay about 4-6% for borrowing BTC undercollateralised on CeFi venues). 👨‍💼 Pool delegates: are credit experts who launch and manage liquidity pools. Pool delegates perform diligence and agree terms with borrowers following their own strategy and underwriting process. Pool delegates earn by sharing in the reward payments. 🏢 Borrowers: institutions looking for Bitcoin capital to grow their business. Likely candidates are market makers, exchanges, centralised lenders, miners and businesses that accept BTC payments. Borrowers must be approved by a Pool Delegate to borrow BTC from that pool delegate’s liquidity pool.

TTycho Onnasch | Zest Protocol 🍊

🛖 Pool cover providers: provide pool cover by staking tokens as first loss capital for a specific pool. If a borrower defaults, funds in the cover are used to make liquidity providers whole. Pool cover providers receive a percentage of the rewards earned from borrowers.

TTycho Onnasch | Zest Protocol 🍊

LPs don't require KYC, they just put money in a pool like they would on regular DeFi

JJosh | Zensite.co

[photo]

TTycho Onnasch | Zest Protocol 🍊

The same goes for pool cover providers

TTycho Onnasch | Zest Protocol 🍊

Borrowers & pool delegates of course undergo KYC

TTycho Onnasch | Zest Protocol 🍊

It's crucial to know who they are for the system to work

TTycho Onnasch | Zest Protocol 🍊

happy to answer more questions

MMary | Satoshi Club

Does it mean that borrowers and pool cover providers are institutionals? Or they can be individuals?

TTycho Onnasch | Zest Protocol 🍊

borrowers will be institutions

TTycho Onnasch | Zest Protocol 🍊

pool cover providers can be any address :)

TTycho Onnasch | Zest Protocol 🍊

pool delegates are professional underwriters, so also institutions :)

MMary | Satoshi Club

Interesting system can't wait to see your protocol to go live! When do you plan to go live btw?

GGold Rocket | Satoshi Club

rather complex mechanism.

TTycho Onnasch | Zest Protocol 🍊

We're currently scoping out the timeline. Our audits are finished but it might take some extra time to get the dev tooling side of things fully setup. Either late Q4 or early Q1

MMary | Satoshi Club

So close i am still didn't try your testnet but the question about it will be a bit later

JJosh | Zensite.co

While waiting for the Live version, the Testnet version is now Live for anyone to participate in. To participate, just join our Discord here to start: https://discord.gg/25urf3UP

GGold Rocket | Satoshi Club

Thanks for your great answers

TTycho Onnasch | Zest Protocol 🍊

all good!

MMary | Satoshi Club

Ready to answer third question, guys?

GGold Rocket | Satoshi Club

Q3 from Telegram user @Asela1112 In August month, Zest Protocol smart contract has audited with CoinsFabrick platform & another audit will be carried out on November month. Can you please tell us about the audit that you have done with CoinsFabrick firm? Were there any loops & bugs founded? If you don’t mind, Please share the audit report with us? However, It’s good that you will conduct another audit in next month. So, Can you give a sneak peek about your upcoming audit? Which Audit firm will you hire for that?

TTycho Onnasch | Zest Protocol 🍊

Yes of course

TTycho Onnasch | Zest Protocol 🍊

https://blog.coinfabrik.com/smart-contracts/smart-contract-audit-smart-contracts/zest-full-audit/

TTycho Onnasch | Zest Protocol 🍊

This is the Coinfabrik audit. They found mainly minor issues and a typo on our end (which was quite a critical one). All of those are fixed now

TTycho Onnasch | Zest Protocol 🍊

We just heard back from the second firm LeastAuthority & they didn't find any major issues

TTycho Onnasch | Zest Protocol 🍊

The report will go out soon

MMary | Satoshi Club

Hackers are not sleeping we talk a lot about this with our community, safety is now the most important thing in our environment

MMary | Satoshi Club

What about any kind of insurance? If something will go wrong? (I hope never, but i need to ask)

TTycho Onnasch | Zest Protocol 🍊

Of course!

TTycho Onnasch | Zest Protocol 🍊

We invite all hackers to come try to hack our testnet!

MMary | Satoshi Club

Golden words!

TTycho Onnasch | Zest Protocol 🍊

We will work with Immunify to build a great bug bounty programme as well

TTycho Onnasch | Zest Protocol 🍊

& we have a bunch fo white hat hackers as our advisors

TTycho Onnasch | Zest Protocol 🍊

In general those are the best practices in DeFi today

MMary | Satoshi Club

Awesome! I believe that you will do everything you can to protect your users!

MMary | Satoshi Club

Thank you for your answers! Ready to proceed?

TTycho Onnasch | Zest Protocol 🍊

yes

GGold Rocket | Satoshi Club

Q4 from Telegram User @charlest1997 Hello Zest Protocol team I noticed from your site that Zest Protocol is an Undercollateralised Bitcoin lending protocol for institutional borrowers and it’s very interesting to know about. Since this is my first time hearing about undercollateralised lending protocol, So May I know what are the benefits of Undercollateralized loans ? Does Zest protocol only allow institutions to lend and borrow on your platform ? What are the requirements if any institution wants to borrow from Zest Protocol ? I also noticed that all users can become liquidity providers by providing BTC to the liquidity pool. Let’s say if we want to become a Liquidity Provider, then what is the minimum BTC we can provide to the liquidity pool ? What are the conditions if the Liquidity Provider suddenly decides to withdraw LP from the Liquidity Pool ? Lastly, I looked in your docs about Pool Cover Providers and it was quite interesting. So, Can you elaborate to us about the “First Loss Capital for a specific pool” in pool cover providers ? Is it possible for a user to become a Liquidity provider and Pool Cover Provider at the same time ? Thank you

JJosh | Zensite.co

ImmuneFi is the Biggest bug bounty hunting platform, if you are a hacker, this is your spot: https://immunefi.com/ Zest Protocol will have its own profile soon too.

TTycho Onnasch | Zest Protocol 🍊

[В ответ на Gold Rocket | Satoshi Club] Yes so we only allow institutions to borrow on the platform. These are the players that borrow BTC in size to earn a real yield (not an inflationary one)

TTycho Onnasch | Zest Protocol 🍊

The first institutions will likely be market makers, those from the world of traditional finance They are incredibly credit worthy so there's a really strict process in place here The minimum BTC to LP can be as little as a Bitcoin transaction fee

GGold Rocket | Satoshi Club

interesting concepts

MMary | Satoshi Club

Is there room for investment in your relationship with institutions? Any seed rounds?

TTycho Onnasch | Zest Protocol 🍊

> What are the conditions if the Liquidity Provider suddenly decides to withdraw LP from the Liquidity Pool ? There will be a lockup timer in place for sudden withdrawals, it will take at minimum 10 days to process a withdrawal

MMary | Satoshi Club

No surprises for protocol

TTycho Onnasch | Zest Protocol 🍊

> So, Can you elaborate to us about the “First Loss Capital for a specific pool” in pool cover providers? Yes so the pool cover is like a mini pool associated with each bitcoin pool. If there's a default, then this pool cover gets hit first. the pool delegate has to add funds to the pool cover associated with their pool to create skin in the game > Is it possible for a user to become a Liquidity provider and Pool Cover Provider at the same time ? Yes

JJosh | Zensite.co

To read about the Pool Cover Provider, please read the details here: https://zestprotocol.gitbook.io/zest/the-protocol/pool-cover-providers Pool cover providers share in the Bitcoin yield accrued to the lending pool - which will naturally be higher than the yield generated by providing Bitcoin liquidity to the pool.

TTycho Onnasch | Zest Protocol 🍊

haha well they wish - we haven't raised any external funding yet

TTycho Onnasch | Zest Protocol 🍊

But of course a lot of these institutions would like to invest

TTycho Onnasch | Zest Protocol 🍊

We might let them closer to the launch

MMary | Satoshi Club

I hope you won't forget about your community as well

TTycho Onnasch | Zest Protocol 🍊

hehe well we might have something else in store for them who knows 👀 could be quite zesty

MMary | Satoshi Club

I will count this answer as a hint

GGold Rocket | Satoshi Club

Thanks for your great answers

MMary | Satoshi Club

Ready to go to the next question?

TTycho Onnasch | Zest Protocol 🍊

yes

GGold Rocket | Satoshi Club

Q5 from Telegram User @spanishsimon Hello @zest protocol, nice having you here. My question is about your testnet which an announcement was made on your discord that is now live. Well I will like to know more about your testnets can you please give more details on it. What are the requirements to participate? what are those killer features which you have unlocked that requires testing and what will be the benefits or rewards for testing them. And I also saw that it requires a testnet funds for users interested on your testnets and details of that was not given. So can you please tell us what is the required funds given to participate on your testnet, Do you already have individuals running your test? And furemore, since you are mostly concerned about bitcoin, are we using some amounts of btc as funds for your testnets or we are to use your tokens for funding. Thank you

TTycho Onnasch | Zest Protocol 🍊

Sure!

TTycho Onnasch | Zest Protocol 🍊

Do you want to answer this one @Joshavenue ?

JJosh | Zensite.co

Sure

TTycho Onnasch | Zest Protocol 🍊

Anyone can participate

MMary | Satoshi Club

I definitely will

JJosh | Zensite.co

Anyone can participate in the Testnet! All you need to do to start is join our official Discord here: https://discord.gg/25urf3UP

TTycho Onnasch | Zest Protocol 🍊

You will need some testnet Bitcoin to participate as well as some testnet STX. You can learn how to get them here: https://zestprotocol.gitbook.io/zest/testnet/testnet-setup

MMary | Satoshi Club

Easy step

JJosh | Zensite.co

As for testnet funds, we have the complete instruction on how to get them in our Discord (#testnet-faqs) channel, especially Testnet BTC, which is most likely something most people may not be familiar with

JJosh | Zensite.co

We also include video instructions to help anyone here who is really interested in the testnet

MMary | Satoshi Club

Do you call your testnet incentivized?

JJosh | Zensite.co

Currently, we have already close to 2K people on our Discord trying out the Testnet

TTycho Onnasch | Zest Protocol 🍊

yes come join!

TTycho Onnasch | Zest Protocol 🍊

it's fun

TTycho Onnasch | Zest Protocol 🍊

let's do the final question

MMary | Satoshi Club

Let's go

GGold Rocket | Satoshi Club

Q6 from Telegram user @ghostofcharmeleon Hello, the Zest Protocol team. Judging by the description of your project, I understand that the decision to grant a loan is made jointly by the liquidity providers. Please tell us how the voting process is organized directly. Do you have an anti-whale system? Is a 51 attack possible when making a decision?

TTycho Onnasch | Zest Protocol 🍊

The decision to grant a loan is organised by the pool delegate of the pool that the loan was requested to

TTycho Onnasch | Zest Protocol 🍊

The pool delegate is a professional credit underwriter

TTycho Onnasch | Zest Protocol 🍊

The first pool will be run by M11 Credit who underwrote $700m in loans on Maple Finance, a similar institutional lending protocol So yes there are a lot of guardrails in place here to make this all go well let's do Q&A

MMary | Satoshi Club

Let's go

Show more

Part 2 — Live questions from the Telegram community

RReally the only product that we will find in Zest Protocol will be the one of loans in Bitcoin? Or little by little your team will incorporate many more utilities and more DeFi products?

TTycho Onnasch | Zest Protocol 🍊

We will fully focus on Bitcoin loans. This is a billion $ market today and will grow very fast as bitcoin adoption grows

TThe Expected APY that Zest Is Providing is 4%- 6%, Which is always Good as Compared to getting Nothing, Do You think that this APY would be Regularly Given to Users?

TTycho Onnasch | Zest Protocol 🍊

Yes APY funds become available when the borrower makes payments into the pool.They will make monthly payments

CCurrently you are only Supporting Bitcoin for Staking on your Platform, Are you Going to add More Tokens for Staking in Future?

TTycho Onnasch | Zest Protocol 🍊

Only Bitcoin for now. Maybe BTC collateralised stablecoin loans in the future

j@jarviszz

Zest Protocol was incubated from the Trust Machines as read on your website, Heard about Trust machines for the first time. Could you tell us more about Trust Machines and how does the machine works ? Mention few advantages/disadvantages for this machine.

TTycho Onnasch | Zest Protocol 🍊

Yes for sure. Trust Machines is a new company founded by Muneeb Ali (Stacks Founder). I've worked closely with Muneeb to build Zest Protocol. Trust Machines has been really important in the process so we could build with all the Stacks core developers

j@jazzmusic2000

Is there any risk during the exchange from BTC to xBTC? Is it possible to lose our funds if any problem occurs here?

TTycho Onnasch | Zest Protocol 🍊

Nope, the user always stays in control of their BTC funds until the xBTC is deposited into the pool (at which point the user controls a part of the pool through their LP tokens). The only reason this can be so secure is because of stacks' unique architecture

K@KevSalom

Does Zest Protocol really offer unsecured loans to institutional borrowers? How much capital are you willing to lend without collateral?

TTycho Onnasch | Zest Protocol 🍊

How much capital can be lent to a borrower depends on their balance sheet, just like in traditional finance. The pool delegates are the experts in figuring out how much capital a borrower can borrow & they have all the right incentives to do this in the best possible way. Public market maker companies like Jane Street or Citadel already borrow $100-300m+ in BTC from CeFi networks, it's time to bring them to DeFi & offer the most high quality yield to BTC holders ever

C@Cindy0666

According to which criteria of the borrower does the DELEGE approve a customer requesting a loan from the pool representative? What is the most important criterion sought in the debtor?

TTycho Onnasch | Zest Protocol 🍊

The most important criterion is balance sheet capacity. If someone has $500m sitting in their balance sheet, we can lend them a few Bitcoins right?

t@tahanisg

What are the advantages of Zest Protocol over other lending protocols that work with Bitcoin? Can it be said that this one is more secure? Why is it more secure?

TTycho Onnasch | Zest Protocol 🍊

There are no lending protocols that work with native bitcoin yet other than Zest protocol. There are some protocols that handle wrapped Bitcoin but it's not the same thing, since it's a different asset. Also with wrapped Bitcoin there is a lot of custody risk on behalf of the holder (what if Bitgo who issues wrapped btc goes under?)

b@beatrixpt

What do you think is the most important feature that Zest Protocol has positively added to the market in order to accelerate the BTC economy? How can you describe the place and importance of Zest Protocol in BTC economy?

TTycho Onnasch | Zest Protocol 🍊

It's really being able to borrow against future BTC earnings & allowing users to earn a yield on their BTC on chain for the first time. This wasn't possible until now

Show more

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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