The gap in native BTC lending is who can access it.
Institutions borrow against BTC without giving up custody via tri-party agreements. Retail surrenders it to a bridge or a wrapper.
Bitcoin Collateral Vaults remove that tradeoff.
Zest Protocol Stacks market is how liquidity moves on @Stacks.
Zest Protocol made stacked STX productive with 30%+ of Stacking DAO LSTs deposited.
BTC LSTs are next.
BTC is the biggest crypto asset and barely has a role in a $75B DeFi market.
The reason: no way to use BTC without giving up custody.
Zest Protocol is changing that with Bitcoin Collateral Vaults. BTC stays on L1, stablecoins borrowed across EVM chains.
My bet for end 2026:
1) BitVM3-style verification ships on mainnet
2) Bitcoin Collateral Vaults eat the wrapped-BTC market
3) wBTC & cbBTC stay under 1% of BTC market cap forever
4) The first $1B in self-custodial BTC loans get issued without a wrapper
@ZestProtocol
Stacks apps are leading the charge for Bitcoin-native finance.
For Bitcoin to become productive capital, it needs apps like @ZestProtocol.
Stacks is growing Bitcoin capital.
Zest Protocol is the base layer for Bitcoin Finance.
@renapshah, ex-Binance US and @StacksEndowment President, on why lending is the foundation for productive BTC.