Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
DeFi protocol Zest Protocol completed its first round of financing, led by Youbi Capital

DeFi protocol Zest Protocol completed its first round of financing, led by Youbi Capital

Cointime2024/03/01 12:30
By: Cointime
ETH-0.85%

DeFi protocol Zest Protocol has completed its first round of financing and will be launched on the Blast mainnet. The financing round was led by Youbi Capital, and the specific amount of financing has not been disclosed. Zest Protocol's DeFi product launched on the Blast Layer2 platform aims to provide a high-yield collateralized stablecoin solution. It separates the yield and price fluctuations of Blast ETH in a special way and has launched two innovative products: zUSD (a stablecoin that provides Blast ETH leverage yield) and mirrorETH (an on-chain leveraged Ethereum derivative with no funding fees). In addition, Zest Protocol will open a Genesis Pool pre-deposit on the Blast mainnet today, and users will receive Blast yield, Blast Points, and Zest Points.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,691.16
-0.14%
Ethereum
Ethereum
ETH
$4,617.04
-0.51%
XRP
XRP
XRP
$3.04
-2.37%
Tether USDt
Tether USDt
USDT
$1
-0.01%
Solana
Solana
SOL
$242.59
+1.47%
BNB
BNB
BNB
$927.82
-0.26%
USDC
USDC
USDC
$0.9999
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2778
-2.95%
TRON
TRON
TRX
$0.3482
-0.41%
Cardano
Cardano
ADA
$0.8894
-4.01%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter