Zest Protocol introduces DeFi incentives on Stacks market with monthly STX rewards

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Zest Protocol has launched a rewards program on its Stacks-based lending market, distributing the equivalent of 0.5 BTC per month in STX tokens over 90 days, totaling 3 BTC. Rewards are split between sBTC suppliers and USDCx borrowers, with a minimum 20% time-weighted loan-to-value ratio required for borrowers. The protocol, operational since March 2024, has reached a peak total value locked of over $100 million without reporting any bad debt. This initiative is part of the Stack Sats program supported by Stacks to boost DeFi engagement.

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Telemac
Telemachttp://cryptoinfo.ch
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