Binance Labs Announces Investment in New Cryptocurrency Project: Unveiling the Future of Crypto Coins

  • Binance Labs has announced its investment in Zest Protocol, an on-chain Bitcoin lending infrastructure on the Stacks Blockchain.
  • The partnership aims to enable users to lend or borrow local Bitcoin with transparent returns in a permissionless manner.
  • “We are excited to redefine Bitcoin lending with Binance Labs,” said Tycho Onnasch, Founder of Zest Protocol.

Binance Labs invests in Zest Protocol to introduce on-chain Bitcoin lending on the Stacks Blockchain, aiming to redefine Bitcoin lending markets.

Binance Labs Invests in Zest Protocol

Binance Labs, the venture capital and incubator arm of Binance, has invested in Zest Protocol, an on-chain Bitcoin lending infrastructure on the Stacks Blockchain. This partnership aims to enable users to lend or borrow local Bitcoin with transparent returns in a permissionless manner, paving the way for a new era in Bitcoin lending.

Reimagining Bitcoin Lending

Tycho Onnasch, Founder of Zest Protocol, expressed his excitement about the partnership, stating, “We are excited to redefine Bitcoin lending with Binance Labs. We are here to complete the long overdue task of moving Bitcoin lending markets where they belong, on-chain.”

Unleashing Bitcoin’s Potential

Yi He, Co-Founder and Head of Binance Labs, spoke about the potential of Zest Protocol’s technology to meet the needs of Bitcoin owners and borrowers, thereby unveiling the programmability and interoperability potential of Bitcoin. “At Binance Labs, we are always looking for the first moves that will shape the industry, and we are eagerly awaiting to witness how the Nakamoto upgrade of Stack will boost the growth of Zest Protocol,” He said.

Conclusion

This investment by Binance Labs in Zest Protocol signifies a significant step towards redefining Bitcoin lending markets. By enabling on-chain Bitcoin lending, this partnership aims to bring transparency and permissionless access to Bitcoin lending, potentially revolutionizing the way Bitcoin owners and borrowers interact.

BREAKING NEWS

Russia Reiterates Donbas Demand in Private ‘Non-Paper’ Message to U.S., Rebuffs Ukraine Peace Freeze Plan

COINOTAG News, citing Reuters, reports that two U.S. officials...

ETH Whale Licheng Huang Closes 25x Long, Opens 10x Long in HYPE Token

According to OnchainLens data dated October 22, the wallet...

Bitcoin Rally Forecast: Nachi Sees BTC Surging to $200,000 and ETH to $10,000 as Gold Flows into Bitcoin

COINOTAG News reports that Binance trader Nachi revealed a...

$KTA listed on Coinbase spot

$KTA listed on Coinbase spot #KTA
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img