₿ Zest Protocol is testing USDC loans backed by native Bitcoin. Its new Bitcoin Collateral Vaults allow users to deposit BTC directly on Bitcoin L1 and borrow USDC on Ethereum without using wBTC or bridges. The demo is live on mainnet with collateral limits per wallet as Zest tests the system at a small scale. The goal is to reduce reliance on centralized custodians in BTCFi. For now, it’s a limited demo, not the full production deployment. bitcoin:native
Blockchain Journal - Breaking Crypto NewsShare
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