Zest Announces On-Chain Proof for Bitcoin-Collateralized Vault Mainnet Demo
31 minutes ago
Bitcoin lending protocol Zest Protocol has released its "Proof of Mainnet Deployment", with the mainnet demo of its Bitcoin Collateral Vaults now independently verifiable. A total of 3 Bitcoin transactions and 7 Ethereum transactions have been made public. The product design locks BTC in Bitcoin mainnet vaults, avoiding wrapping or cross-chain bridging, and allows users to borrow stablecoins on EVM-compatible chains such as Ethereum. This feature remains a mainnet prototype, not a fully open deposit and lending service. The official roadmap is divided into two phases: Phase 1 uses pre-signed transactions to restrict BTC settlement paths, while Phase 2 will transition to BitVM verification. A functional mainnet prototype is now available, and the team is accelerating its official deployment.
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