Users borrowing against sBTC on Zest Protocol @Stacks market earn 1.3% on their sBTC.
How? Every loop in the Levered Bitcoin Staking Vault borrows sBTC. Borrowed sBTC lifts utilisation, and utilisation pays the sBTC supply.
GM 🌞
for months @corgil has said don't give back profits, protect capital, don't roundtrip
our position now is a comfortable ~80% spot and ~20% spare for trading
good advice is often boring. until your long term tab looks like this 🐕
https://t.co/yVWwgHcUn0
Swaps inside @tenero_io run on Zest Protocol Stacks Swap.
Any Stacks token, 0% aggregator fee, best route across the Stacks DEXes.
The best swap experience on @Stacks, now in other apps.
Update for Zest Protocol Stacks Market v1 users
@Allbridge_io is shutting down the aeUSDC bridge to @Stacks on November 3. Remaining aeUSDC supply and loans on v1 will be closed out.
Zest Protocol Stacks Market v1 aeUSDC positions will close on 23 October.
Repay any remaining aeUSDC loans, withdraw aeUSDC, and move to USDCx on Stacks Market v2.
GM 🌞
yesterday's rulebook had a second page
@corgil senses were tingling 🐕
closed all the trades and flipped short bitcoin:native and ethereum:native right before the flush
ETH took profit four times on the way down 👀
first protect, then shoot 🎯
https://t.co/yVWwgHcUn0
GM 🌞
tell everyone to be careful and not chase leverage
keep it small while bitcoin:native flushes
buy the lows, $STRK almost 2x in 3 days 🤷
that's @corgil rulebook 🐕
Zest Protocol @Stacks market is running close to capacity.
sBTC: 70% utilized.
STX: 75% utilized.
USDCx: 72% utilized.
The highest all three have been at once.
Zest Protocol founder @TychoOnnasch on stage at @DeFinition_evt, the institutional DeFi forum of TOKEN2049 week.
Bitcoin Collateral Vaults, explained to the institutions that hold BTC.