Zest Protocol Raises $3.5M to Expand and Develop Bitcoin Lending Infrastructure

Zest Protocol Raises $3.5M in Seed Funding

Key Highlights:

• Seed Funding: Zest Protocol, a lending protocol built for Bitcoin, raised $3.5 million in a seed funding round.
• Investors: The round was led by Tim Draper's Draper Associates, with participation from Binance Labs, Flow Traders, Trust Machines, and other notable investors.
• Expansion and Development: The funding will be used to expand operations and further develop Zest Protocol's lending infrastructure.

Zest Protocol's Target Market

• Bitcoin Users: Targeting individuals and businesses that hold Bitcoin and are interested in lending or yield generating activities.
• Blockchain and Crypto Enthusiasts: Engaging with the community of blockchain and cryptocurrency enthusiasts who are looking for innovative lending solutions.
• Financial Institutions and Investors: Collaborating with financial institutions and investors interested in leveraging Bitcoin for lending purposes.

What Zest Protocol Needs to Buy

• Blockchain Development Expertise: Partnering with blockchain development firms to enhance and optimize their lending protocol.
• Marketing and PR Services: Engaging with marketing and PR agencies to raise awareness and promote their lending protocol to the target market.
• Strategic Partnerships: Collaborating with other blockchain companies and financial institutions to expand their lending ecosystem and reach a wider audience.