Zest Protocol Hits $5M+ TVL, Unlocks New DeFi Strategies on Stacks

Zest Protocol, a key player in the decentralized finance (DeFi) sector on the Stacks blockchain, enables users to earn yield on assets and borrow assets to earn further rewards, unlocking new DeFi strategies and use cases. Through a collaboration with Allbridge.io, Zest facilitates the bridging of USDC from Solana and Ethereum to Stacks, making it easier to earn yields. Zest Protocol has achieved over $5 million in total value locked (TVL) during its early access phase, underscoring strong market interest. It supports the growth of stablecoins and liquid stacking on Stacks, enhancing the DeFi ecosystem. Additionally, the protocol encourages the use of stSTX liquidity for borrowing. Platforms like zkLend complement this growth by offering +20% supply APRs on cryptocurrencies, further energizing the DeFi spring.