Bitcoin Collateral Vaults demo is now on mainnet.
Deposit native BTC into a self-custodial vault on Bitcoin L1. Borrow Ethereum USDC against it. The capital layer for Bitcoin.
Institutional infrastructure is consolidating.
A few categories already have a winner, while others still remain open.
On this topic:
Melody He, @TheSpartanGroup
Marco Manoppo, @sharpbytexyz
Nihal Maunder, HSG
Tycho Onnasch, @ZestProtocol
Jonathan Gieg, @PanteraCapital
Zest Protocol is attending
@token2049 Singapore.
Founder @TychoOnnasch speaks at @DeFinition_evt on 7 October, the institutional DeFi forum of TOKEN2049 week.
Over $7M in USDCx is now borrowed on Zest Protocol @Stacks Market.
Stablecoins borrowed against supplied collateral, with incentives for qualifying USDCx borrowers. Capital at work on the largest Bitcoin L2.
Many Bitcoin Collateral Vaults have been opened on Bitcoin L1 since the mainnet demo went live.
The vaults hold native BTC on Bitcoin with USDC borrowed against it on Ethereum.
Bitcoin Collateral Vaults demo is now on mainnet.
Deposit native BTC into a self-custodial vault on Bitcoin L1. Borrow Ethereum USDC against it. The capital layer for Bitcoin.