Top 5 Zest Protocol October Updates

This is officially the last monthly update that covers the pre-nakamoto era of slow blocks.

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Our team continues to be heads down building the ultimate Bitcoin yield platform, faster blocks make it even easier to do so. 

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Let’s cover the top 5 things that happened on Zest this month 👇

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Zest Protocol Earn Launches in Early Access

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Our Bitcoin yield product is officially in early access!

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This launch marks the beginning of our goal of becoming the Bitcoin DeFi app. We’re kicking things off with BTCz - a liquid yielding BTC created in partnership with Babylon Labs.

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This derivative uses revolutionary Bitcoin staking technology to create a “base yield” for the BTC DeFi ecosystem. Depositors will start earning yield as soon as Babylon enables it on their end.

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In the meantime, early depositors earn Babylon points + a very special, zesty reward to be announced shortly after the early access period ends.

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Want access? Sign up for our waitlist here.

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Nakamoto Upgrade Goes Live at Block #867867

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Fast blocks. Bitcoin finality. Stacks has now officially become a competitor to all of the alt-L1’s out there preaching speed and security.

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Try it out for yourself! Sending STX to and from a wallet takes less than 10 seconds now, it’s incredible. There are still some kinks to work out on the core dev side, but overall, Stacks is faster and the foundation has delivered on their promise.

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Zest Protocol users can expect deposits and withdrawals to be confirmed MUCH faster than before. Waiting for a Bitcoin block to go through will soon be a thing of the past.

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aeUSDC & stSTX Growth

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Our Stacks money market continues to see consistent growth month over month ever since we launched back in June.

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In October - we saw our highest growth in aeUSDC and stSTX:

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aeUSDC

• Supply growth: 16.87%
• Loan growth: 15.40%
• Average supply APY: 29.11%

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stSTX

• Supply growth: 8.55%
• Loan growth: 12.96%
• Average supply APY: 0.01%

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STX

• Supply growth: -46.50%
• Loan growth: 4.32%
• Average supply APY: 3.40%

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DIKO

• Supply growth: 1.91%
• Loan growth: -8.79%
• Average supply APY: 0.05%

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aeUSDC brings in the highest stablecoin yields in the entire Stacks ecosystem by far. Depositors also earn 2x Zest Points, not a bad deal!

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Also notable - DIKO’s loan APY averaged 0.96% in October. If you would’ve staked your DIKO loan on Arkadiko’s site - you would pocket the 1.7% difference in APY.

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Get the latest numbers on our new asset overview page.

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RoboZester Digitizes 1 Million Oranges

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Humble. Gracious. Zesty. A few words to describe our AI-powered friend, RoboZester.

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Previously known as Zester - they underwent surgery to get cybernetic enhancements with the capability to digitize oranges.

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Why, you ask? To distribute oranges as easily as possible to our community of Zesties.

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Oranges can be earned in the Discord, distributed by our mod team for completing various tasks. Read more here.

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Come get some oranges for yourself! Join us.

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Jumper x Zest Game Night

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The Zesties fought valiantly and walked away with 1st and 2nd place in Jumper Exhange’s game night!

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All participants also walked away with some Zest Oranges. It’s never a good idea to sleep on the Zest events that happen weekly, you’re missing out on rewards, giveaways, and just a general great time.

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Thank you Jumper Exchange for having us!

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That wraps up another Zesty month. November is looking to be sBTC month - which will unlock the trillions in Bitcoin liquidity waiting to be activated.

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Zest Protocol will be ready to take full advantage of it.

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

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Join our community via Discord!

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And as usual, stay zesty🍊

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