News Explorer — Bitcoin Liquid Staking Launching on Stacks via Zest Protocol

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Sep 5, 2:00 pm

Decrypt

Bitcoin Liquid Staking Launching on Stacks via Zest Protocol

Zest Protocol has launched BTCz, a BTC equivalent that allows holders to earn yield through the Babylon staking system on Stacks. The BTC yield comes from Babylon staking or other BTC staking protocols. Zest users deposit BTC to receive BTCz, which appreciates in value over time. The security of BTCz is enhanced by Stacks' ability to read Bitcoin state, eliminating the need for third-party verification.

Zest Protocol has launched BTCz, a BTC equivalent that allows holders to earn yield through the Babylon staking system on Stacks. The BTC yield comes from Babylon staking or other BTC staking protocols. Zest users deposit BTC to receive BTCz, which appreciates in value over time. The security of BTCz is enhanced by Stacks' ability to read Bitcoin state, eliminating the need for third-party verification.

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