Bitcoin DeFi: Zest Protocol

The Cambrian EXPLOSION that took place in Ethereum development was due in large part to smart contracts and L2 blockchains. This facilitated decentralized FINANCE applications, like Aave, that lets investors PROVIDE LIQUIDITY to pools that borrowers can then borrow from by providing collateral.

Until a true BIDIRECTIONAL L2 came along like Stacks, Bitcoin investors didn't have the ABILITY to put their Bitcoin to PRODUCTIVE use.

Zest Protocol FILLS this gap. They have created a lending protocol on the Stacks Blockchain that allows BTC holders to earn yield on their otherwise unproductive asset and allows borrowers to borrow other L2 assets using their BTC as collateral.