Early Access to BTCz is Open!

After months of heads down building, Zest Protocol’s Earn Platform is live on Stacks mainnet for a select group of users.

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We’re kicking things off with BTCz - the most secure liquid yielding BTC on the planet powered by Babylon Labs.

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This is a form of BTC that can be deployed in DeFi while earning a BTC yield.

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Want access to early adopter rewards? Read on:

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How does BTCz work?

By staking BTC on Zest Protocol, users receive BTCz - a tokenised representation of their BTC that can be used in DeFi. BTCz automatically accrues BTC yield, thereby increasing its value over time versus BTC.

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If you’e ever staked ETH with Lido Finance, it follows the same liquid-staking model to generate yield.

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Users that deposit BTC during the early access period will earn exclusive rewards and Babylon Points. More on this below.

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The Most Secure Yielding BTC

As the leading Bitcoin L2, Stacks provides unique security features to BTCz.

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Stacks smart contracts have the unique ability to read Bitcoin state, allowing the contracts to independently verify changes to Bitcoin balances

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This allows Zest Protocol’s BTC staking contract on the Stacks L2 to independently verify BTC stake on Bitcoin L1 through the Babylon staking protocol, without relying on a third party oracle or messaging system.

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This, combined with Babylon’s unique design lays the foundation for BTCz to be the most secure staked BTC derivative.

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BTCz will progressively decentralise towards the Stacks' sBTC design to create a decentralised and permissionless peg that yields BTC.

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Users will also be able to deposit sBTC to earn a yield through BTCz. BTCz will be sBTC’s yield bearing cousin, driving sBTC and Stacks network adoption.

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BTCz is Good for Stacks

sBTC will be Stacks' flagship product. Yet apart from potentially short-term incentives, sBTC is not designed as a yield bearing BTC.

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This is where BTCz comes in. Users who hold idle BTC on Stacks as sBTC will be able to swap to a yield bearing version of BTC instantly.

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Additionally, BTCz is an attractive product for Stacks-aligned BTC holders who want to stake their BTC in Babylon.

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Using BTCz, BTC holders benefit from Babylon's BTC yield while contributing to Stacks TVL!

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What do Users Earn by Holding BTCz?

Users earn BTC by holding BTCz. This yield is generated through Babylon’s BTC staking protocol.

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APY on Bitcoin yield is TBD while Babylon is in early stages, in the meantime, they are distributing Babylon Points to incentivize liquidity.

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BTCz holders will automatically earn Babylon Points in an equal proportion to staked BTC on Babylon. Because of incredible demand, Babylon is limiting the amount of new deposits. These caps fill up within a few blocks and are very difficult to fit into. BTCz is a way to "skip the line" and not have to worry about the stress of farming Babylon rewards, we'll do it for you.

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BTCz minters will be the first in line to earn potential Babylon ecosystem rewards, airdrops, and much more. Plus, we have some zesty rewards in store for early access participants…🍊

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Get Started

In order to see the Zest Protocol Earn platform, your Stacks wallet must be whitelisted.

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To earn a whitelist, you can sign up for our waitlist or participate in various giveaways and activities that our team holds on a weekly basis!

Even a Twitter DM to Tycho or Offmylawn may grant you access...

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Once you’ve been granted early access, head here to the Earn dashboard and mint BTCz.

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Users that share screenshots of their BTCz mint confirmations on Twitter may be noticed…👀

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Questions, feedback? Join us in Discord where our team can answer questions 24/7.

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Follow us on Twitter for all of the latest updates and memes!

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Join our community via Telegram!

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And as usual, stay zesty🍊

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