Loans on Zest Protocol’s Stacks V2 market rose 132% in the third quarter of 2026, reaching $14.75 million. Most of the increase came from $6.20 million in net new borrowing, while higher token prices contributed an additional $2.18 million. In early October, borrowing reached a record above $40 million before retreating to approximately $25 million by early November, when total value locked stood at $46.6 million. Zest launched 135 Bitcoin collateral vaults and paused new lending on October 30, 2026 in response to a security incident involving Binance. Since launching in March 2024, the platform has processed more than 1,500 liquidations with zero bad debt and generated cumulative fees exceeding $540,000.
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