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TechFlow reported, according to Coindesk, that the Bitcoin lending protocol Zest Protocol has announced the completion of a $3.5 million seed funding round led by Tim Draper, with participation from Binance Labs, Flow Traders, and Trust Machines. The protocol leverages the Nakamoto upgrade of Bitcoin’s Layer 2 stack and bridged assets sBTC—pegged 1:1 to Bitcoin—to create a lending service fully native to the Bitcoin network.
According to Coindesk, Bitcoin lending protocol Zest Protocol has announced a $3.5 million seed funding round led by Tim Draper, with participation from Binance Labs, Flow Traders, and Trust Machines. The protocol leverages the Nakamoto upgrade of Bitcoin's Layer 2 stack and bridged asset sBTC—pegged 1:1 with Bitcoin—to create lending services fully native to the Bitcoin network.
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