Binance Labs announced its investment in Zest Protocol to Introduce On-Chain Bitcoin Lending on the Stacks Blockchain.
Binance Labs, the venture capital and incubation arm of Binance, has invested in Zest Protocol, an on-chain Bitcoin lending infrastructure that allows users to lend or borrow native Bitcoin in a permissionless manner with transparent returns.
Yi He, Co-Founder of Binance and Head of Binance Labs, said: “Zest Protocol's technology unlocks Bitcoin's programmability and interoperability potential, meeting the needs of Bitcoin holders and borrowers. “At Binance Labs, we are always looking for the first moves that will shape the industry, and we look forward to witnessing Stack's Nakamoto upgrade accelerate the growth of the Zest Protocol.”
“We are excited to work with Binance Labs to redefine Bitcoin lending. We are here to complete the long overdue mission of moving Bitcoin lending markets on-chain where they belong,” said Tycho Onnasch, Founder of Zest Protocol, regarding the partnership. said.
We’ve invested in @ZestProtocol
Zest is an on-chain lending protocol built for Bitcoin.
Read more👇https://t.co/AgDDefi1lj
— Binance Labs Fund (@BinanceLabs) May 13, 2024
*This is not investment advice.
