Logo of ZestZest(ZEST)
Total Value Locked$72.11m

TVL by Chain

Stacks$72.11m

Key Metrics

Fees (Annualized)$193,238.84
Fees 30d$12,924.84

Stacks$12,924.84

Fees 7d$2,813.45

Stacks$2,813.45

Fees 24h$446

Stacks$446

Cumulative Fees$429,247.84

Stacks$429,247.84

Revenue (Annualized)$53,669.1
Revenue 30d$6,503.1

Stacks$6,503.1

Revenue 7d$1,422.97

Stacks$1,422.97

Revenue 24h$199

Stacks$199

Cumulative Revenue$77,257.1

Stacks$77,257.1

Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0

Stacks$0

Holders Revenue 7d$0

Stacks$0

Holders Revenue 24h$0

Stacks$0

Cumulative Holders Revenue$0

Stacks$0

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$53,669.1

$6,503.1

$1,422.97

$199

$77,257.1

Market Cap$20.29m

$ZEST Price$0.14

All Time High$0.35

All Time Low$0.066

View $ZEST token page

$138.94m

$137.52m

$ZEST Volume 24h$1.19m

CEX Volume$391,135.53

DEX Volume$832,548.51(69.86% of total)

Active Loans$7.01m

Total Raised$3.5m

May 13, 2024$3.5mRound: SeedInvestors: Draper Associates, Binance Labs, Flow Traders, Trust Machines, Asymmetric, Gravity Fund, Bitcoin Frontier Fund, DeSpread, Hyperithm, Miton, Tyke Block Ventures, Primal, Scimitar Capital, Elixir Capital, Gossamer Capital, Optio, Jigeum Capital

Protocol Information

Zest Protocol is an open-source, on-chain lending platform built for Bitcoin, allowing users to earn or borrow against their BTC

Category:Lending
Products:
WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Zest V1 - Gross borrower interest paid across all Zest V1 reserves, derived by inverting the per-reserve reserve-factor against the protocol's accrued-to-treasury delta (gross = protocol_share * 1e8 / reserve_factor). Prices sourced on-chain via Pyth (STX, BTC, USDC), DIA oracle (USDh), and Stacking DAO stSTX ratio contract.View code on GitHubZest V2 - Gross borrower interest paid across all Zest V2 vaults, derived by inverting each vault's reserve-factor (bps) against the protocol's share landing in dao-treasury: gross = protocol_share * 10000 / reserve_factor_bps. Prices sourced on-chain via Pyth (STX, BTC, USDC), DIA oracle (USDh), and Stacking DAO stSTX ratio.View code on GitHub

Revenue:

Zest V1 - Protocol's share of borrower interest, computed directly as the daily change in the accrued-to-treasury accumulator per reserve.View code on GitHubZest V2 - Protocol's share of borrower interest: ztoken mints to dao-treasury (reserve accruals) plus FT and STX transfers to dao-treasury from vault contracts (realized fees). ztoken amounts converted to underlying via vault convert-to-assets.View code on GitHub
Holders Revenue: View code on GitHub

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Yields

Pools Tracked6

Average Supply APY0.32%

Competitors

Granite ($8.2m)Aave V3 ($16.759b)Morpho Blue ($9.309b)SparkLend ($4.451b)JustLend V1 ($3.661b)Maple ($2.918b)Compound V3 ($1.369b)Venus Core Pool ($1.241b)Kamino Lend ($1.177b)Jupiter Lend ($1.037b)

Frequently Asked Questions

What is Zest?

Zest Protocol is an open-source, on-chain lending platform built for Bitcoin, allowing users to earn or borrow against their BTC

What is Zest's TVL?

Zest currently has $72.11m in total value locked. TVL has increased 8.3% over the past 30 days.

What chains does Zest operate on?

Zest operates on Stacks. Stacks holds the largest share at 100%.

How much has Zest generated in fees and revenue?

Over the past 30 days, Zest generated $12,924.84 in fees. Of that, $6,503.1 was protocol revenue. Based on the trailing year, the annualized rate is $193,238.84 in fees and $53,669.1 in revenue.

What is the ZEST token price and valuation?

ZEST is currently trading at $0.14. Its circulating market capitalization is $20.11m, ranking it #1,042. Its fully diluted valuation is $137.75m. Supply currently stands at 146m circulating, 1b total supply, 1b maximum supply.

How has ZEST performed recently?

ZEST is down 6.7% over the past 7 days and down 46.1% over the past 30 days. Its all-time high is $0.35, reached on Jun 9, 2026. The token is currently 60.2% below that level.

How does Zest's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Zest ranks #31 by TVL. The category holds $48.357b across 513 protocols, and Zest accounts for 0.1% of that total. Other leading protocols include Granite, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Compound V3, Venus Core Pool, Kamino Lend, and Jupiter Lend.

How much has been borrowed through Zest?

Zest currently has $7.01m in active loans.