Zest Protocol announced a mainnet demonstration and on-chain proof for a Bitcoin-collateralized vault.
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Zest announces the Bitcoin Collateral Vaults mainnet demo and on-chain proof
BlockBeats news,September 23, the Bitcoin lending protocol Zest Protocol released “Proof of Mainnet Deployment” (proof of mainnet deployment),Bitcoin Collateral Vaults mainnet demo can now be independently verified, with a total of 3 Bitcoin transactions and 7 Ethereum transactions made public. The product design keeps BTC locked in Bitcoin mainnet vaults, without wrapping or cross-chain bridges, while providing stablecoin lending on Ethereum and other EVM chains.
This feature remains a mainnet prototype and is not fully open for deposits and borrowing. The official roadmap will be divided into two phases: Phase 1 uses presigned transactions to restrict the BTC settlement path, while Phase 2 will transition to BitVM verification. A functioning mainnet prototype is already available, and the official team is accelerating the formal deployment.
Original link https://m.theblockbeats.info/flash/368604
Key points
01
Zest Protocol released “Proof of Mainnet Deployment.”
02
The Bitcoin Collateral Vaults mainnet demonstration can be independently verified.
03
The demonstration disclosed 3 Bitcoin transactions and 7 Ethereum transactions.
04
The product design locks BTC in Bitcoin mainnet vaults, without wrapping or cross-chain bridges, and enables stablecoin borrowing on EVM chains such as Ethereum.
05
This feature remains a mainnet prototype and is not fully open for deposits and borrowing.
06
Phase 1 uses pre-signed transactions to restrict BTC settlement paths; Phase 2 plans to transition to BitVM verification.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
In simple terms, the user's BTC remains in a Bitcoin mainnet vault while they attempt to borrow stablecoins on EVM chains such as Ethereum; currently, only the mainnet prototype can be verified, and it should not be regarded as a fully launched lending product.
Why it matters to readers
This demonstrates a Bitcoin-collateralized lending prototype that neither wraps BTC nor uses a cross-chain bridge.
Beginners should note that a mainnet prototype does not mean the service has been officially launched; its current functionality and scope of use remain limited.
Risks and unknowns
The evidence does not specify the exact timing of the formal deployment.
The evidence does not specify whether users can directly participate in deposits and borrowing.
The evidence does not specify the detailed security mechanisms for pre-signed transactions and BitVM verification.
Related Developments
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Related concepts
Mainnet
A blockchain network in live operation; going live does not prove that a project is secure or worth investing in.
