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

2024-03-01 20:19:28

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ChainCatcher news, the DeFi protocol Zest Protocol has completed its first round of financing and will launch on the Blast mainnet. This round of financing was led by Youbi Capital, and the specific amount raised has not been disclosed.

The DeFi product launched by Zest Protocol on the Blast Layer2 platform aims to provide high-yield collateralized stablecoin solutions. It separates the yield of Blast ETH from price fluctuations in a unique way and has introduced two innovative products: zUSD (a stablecoin providing leveraged yield on Blast ETH) and mirrorETH (on-chain leveraged Ethereum derivatives with no funding fees).

In addition, Zest Protocol will open the genesis pool pre-deposit on the Blast mainnet today, allowing users to earn Blast rewards, Blast Points, and Zest Points.

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Zest Protocol Youbi Capital

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