Most times if you want cash against Bitcoin, you wrap it or hand it over. @ZestProtocol is trying the other way. Native BTC stays on Bitcoin. You borrow USDC on Ethereum against it. That is the whole point of their Collateral Vaults demo. > I used it. Connected Xverse + MetaMask. Opened a vault. Deposited 0.0004 BTC. Then I sat there waiting. Bitcoin confirmations first. Then Ethereum finality. Ngl that part tested me. After it cleared I borrowed 10 USDC. That second felt different. My BTC was still on Bitcoin. The USDC landed on Ethereum. No wrap. Flow is not instant. But once both wallets are connected, the steps are clear. Deposit. Wait. Borrow. Dashboard now shows 0.0004 BTC in the vault and 10 USDC debt. 0% borrow APR on this demo.
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.
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using native BTC adds real innovation to borrowing

Sep 24, 2026 · 12:28 PM UTC

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