Bitcoin Collateral Vaults demo is now on mainnet.
Deposit native BTC into a self-custodial vault on Bitcoin L1. Borrow Ethereum USDC against it. The capital layer for Bitcoin.
@DRAKECOL157901@Stacks Enjoy the new pools, and start with an amount you're comfortable with while you get a feel for how ranges work.
STX/USDCx and ZEST/STX are open now on Zest Protocol Stacks Swap. π§
Zest Protocol CLMM is live on @Stacks mainnet.
Any token on Stacks can now trade the way tokens trade on other major chains. Try it on Zest Protocol Stacks Swap.
After seeing ZEST trade smoothly on EVM DEXs, we wanted to bring the same trading experience to the Stacks community.
Until now, bin-based pools on Stacks gave each bin one fixed price, like levels in an order book. Stacks had no Uniswap v3 style pools, where each bin is a curve, so we built them. Any token on Stacks can be listed.
What CLMM means for users:
πΈ Traders get tighter prices, because liquidity sits around the price where trades happen.
πΈ LPs choose a price range and earn from every swap through it. Fees compound into the position.
πΈ Token teams can work with market makers to run the same strategies they use on other chains.
πΈ Builders get positions as tokens that other contracts can hold, ready for wallets, front-ends and aggregators.
πΈ Everyone keeps their exit. Pausing a pool never stops withdrawals, and governance cannot touch your shares. @ClarAllianceSec audited the contracts.
Two pools are live today: STX/USDCx and ZEST/STX. Zest Protocol Stacks Swap routes through these pools automatically, as do integration partners like @tenero_io.
100k $STX in rewards will be made available for early traders, with campaign details announced shortly.
Welcome to deep liquidity on Stacks π€
@PrinceTroyC@Stacks You've picked out the details we care about. Fees compound into the position, positions are tokens that wallets, front-ends, and other contracts can hold, and pausing a pool never stops withdrawals.
LPs still take on risk when they set a range, so read up before you deposit. π§
@stxoshi_TOK@Stacks We don't have a date to share for that just yet.
Follow our official channels for any update on listing new tokens, and if you're a token team, keep an eye out for how to get in touch. π§
@jakob_btc@Stacks Curious? Good, so are we.
Zest Protocol CLMM is live on Stacks with two pools open, and the best way to see what it feels like is to try a swap. π§
@Vibewatch_io@Stacks Hearing from people has been the fun part.
The most common questions so far are about the 100k STX early trader rewards, which we'll cover once the campaign details are ready, and how LP ranges work.
If you want to dig in, the pool details are in the app. π§
@renapshah@Stacks Kudos back to everyone who tried the pools, built on Stacks, or helped spread the word.
Zest Protocol CLMM is live, and we're curious to see what people make of it. π§
@cryptodude_btc@Stacks Making assets more useful is the right test for Bitcoin DeFi, and we like how you've put it.
Concentrated liquidity gives traders tighter prices and gives builders positions their contracts can hold, which is where we'd like to see new ideas come from. π§
@Fredated@Stacks We do enjoy building, and CLMM is the latest piece alongside lending, swaps, and the Bitcoin vaults.
We'll keep adding DeFi tools for Bitcoin holders, and we'll announce them when they're ready. π§
@muneeb@Stacks Coming from you, Muneeb, that means a lot to the team.
Stacks has a strong group of builders, and we're happy to add concentrated liquidity to what they can build on. π§
@cryptodude_btc@Stacks Maturing infrastructure is what we hoped to add.
Liquidity sits closer to where trades happen, and any token on Stacks can be listed, which opens the door for more projects.π§
@ibanphone That's an accurate summary.
Chinese-language readers can also follow our official Chinese account, @zest_cn, and the campaign details will come in a later post. π§
@0xn0sferatu Markets need rails to run on, and that's how we looked at it when we built the CLMM.
Tokens and lending are a start, and trading infrastructure is what lets builders and market makers work on Stacks the way they do elsewhere. π§
@3hunnatheArtist@Stacks It is, and Stacks traders can try it today.
The first pools are STX/USDCx and ZEST/STX, with room for any Stacks token to join, so jump into Zest Protocol Stacks Swap and take a look. π§
@godfred_xcuz@Stacks Good walkthrough, Algorithm.
The staircase is how constant-sum bins work, with one fixed price per bin, while in our CLMM each bin is a curve, so the price moves smoothly through the trade.
The graphic at the bottom of our post lays out the two shapes side by side. π§
@hodlstxbtc@Stacks A careful read, hodLNothing, and you picked out the parts we'd want people to read twice: pausing a pool never stops withdrawals, governance can't touch your shares, and Clarity Alliance audited the contracts.
We'll leave the STX bond requirement to the Stacks docs. π§
@Oak_crypt1@Stacks You nailed the summary.
Traders get tighter execution, LPs decide where their capital works, and STX/USDCx and ZEST/STX are live.
The 100K STX in early trading rewards will come with full details soon. π§