Two ways to qualify for Zest Protocol's upcoming incentives on @Stacks:
Supply sBTC. No borrowing required.
Borrow USDCx at 20% LTV or above. Get paid to borrow.
Started testing a looping strategy on @ZestProtocol to farm some of their new incentive campaign.
Here's what I've been doing:
• Supplied ~$92 of $sBTC
• Borrowed 30 $USDCx against it
• Swapped the USDCx into more $sBTC
• Supplied that sBTC back into Zest
• Repeated with
Over $13m in outstanding borrows on Zest Protocol's @Stacks Market V2.
sBTC, stablecoins and STX are being borrowed against supplied collateral. Capital at work on the largest Bitcoin L2.
DeFi incentives are coming to Zest Protocol @Stacks market.
Monthly STX rewards worth 0.5 BTC, split between sBTC suppliers and qualifying USDCx borrowers.
The allocation and participation details are in the blog below.