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Stacks DeFi Show #75
Recorded: July 22, 2025 Duration: 0:42:39Space Recording
Short Summary
The latest Stacks DeFi show highlighted significant developments including the launch of Zest Protocol and Leather's Bitcoin wallet, a strategic partnership between Granite and Hermetica, and impressive growth metrics with Granite surpassing $20 million in TVL and Zest achieving $5 million in borrows. The conversation also touched on the increasing user engagement in the Staxzeely campaign, showcasing a vibrant ecosystem poised for further expansion.
Full Transcription
Thank you. Thank you. Thank you. Hello everyone.
Just checking audio is.
I see sounds up.
Sounds up from Jack and Stacks.
Brilliant.
And Blaze is here, Leather, the Advisor.
Amazing.
I would normally put a little bit of music,
but I think that, you know, seeing as we're four minutes past the hour,
we can probably just get started.
I mean, lots of great people here.
Also in the audience, I see Martin there from the Not A Strategy,
you know, one of the power users of Zest and many other familiar faces.
Lots of Leo cats, Mr. Cyborg amongst, amongst others.
So, um, yeah, great.
Very excited to, uh, to, to be here in this, um, you know, great, great, you know, market
sentiment that we see, uh, see everywhere we're around us, but, um, but yeah, just to
get this thing started, this is a 75 of the Stacks DeFi show.
And I think we should just get right in, introduce ourselves, and then talk about everything that's new in Stacks DeFi.
I guess one quick thing that the friends at Stacks always ask us to mention is that this is all for informational purposes and should not be considered financial
advice. And yeah, basically this is kind of the open call where everyone building in StaxDeFi
kind of syncs with each other because we don't really get to speak to each other that often.
I mean, we do quite regularly, but this is just a great a great moment to um to to to sync on what
everyone has been been working on and uh you know to put that out in the open for uh for for everyone
to um you know to get to pick alpha from basically so um so yeah let's let's let's do a quick round
of introductions i'm happy to go go first really quickly so i'm taiko co-founder of of zest protocol
go first really quickly.
So I'm Taiko, co-founder of Zest Protocol,
the BorrowLand protocol on Stacks,
and also contributed to StackingDAO,
which is the liquid staking protocol here on Stacks.
And yeah, I guess I'll pass it on to the Leather account.
I think Kate is behind there.
And then feel free to do an intro and pass it on to the next person.
GM guys.
Yes, I'm Kate.
I'm community lead here at Leather.
We're trying to build the best Bitcoin DeFi wallet in the Stacks ecosystem, really doubling
down on Stacks.
But I also support Granite, which is the Bitcoin-backed lending protocol.
So I'm really excited to be here,
share what we've been working on at Leather and also at Granite. So why don't I throw it over to
Blaze? I'm so happy you were able to make it today, Blaze. Hey, Kate. Thank you. Good morning,
Saiko. Great to talk to you. Good afternoon. My name is Blaze. I am a contributor at Granite and a general manager at Trust Machines
with Kate, building out Granite Protocol. Granite is the safest way to borrow against your Bitcoin.
We are Bitcoin collateralized stablecoin loans. We spend all of our time trying to figure out how
to minimize risk in DeFi. And with that, let's see. I can't pass it back to StackingDAO, or can I? Can I pass it
over to... I guess you can pass it to the advisor. That always works. Pass it to the advisor. Perfect.
Can you guys hear me? Yes. Okay. Perfect. So hi, everyone. I'm the advisor i see a run marketing operation at zest and stacking doll
and on the side i actively create become focused content on my twitter account especially focused
on stocks uh so if you're interested make sure to check check it out and we'll keep it short so we'll pass pass it to jack hey gm everybody always a pleasure to be here
i'm jack i've been in the sax community a long time i'm the uh co-founder of rue and the rue
community and also a hermetica affiliate um which if you don't know about usdh yet bitcoins um backed dollar well it's time to learn good
morning yeah brilliant that's uh that looks like like everyone i mean more people will probably
join you know very very soon but um but yeah i mean it's been a it's it's a a great another great week in
stacks stacks defy um i think the electric capital report was uh was was released right with uh with
developer activity on on the stacks chain not sure if you know more about that uh the advisor i mean
you're usually quite deep into all of these all of these things i think that
was this week right i saw yeah i just saw the picture i haven't read anything yet but what
you can definitely see is in the last i would say year or so the amount of let's say uh coding
submissions let's say coding activity has been really going up a lot. And I do feel it's probably related also to initiatives like, I think, I don't remember
the exact wording, but there is an initiative where basically developers can get paid for
submitting code on Stacks.
There's also a few programs like the Ascent program focused on helping developers getting started on stocks and building their own, let's say, new protocols or top.
So I do feel like this increase in commits is a reflection of the initiatives that are going on.
And yeah, just remember, it's code for SDX, the program where basically developers can submit code and get paid.
But yeah, I feel like it's just going to accelerate from now on.
With all, everything that we're cooking on in DeFi and more.
Yeah, no, that's a great one.
I mean, it's such a fantastic idea to have done this program
to incentivize people to learn
because, you know, Tycho,
that bringing people into clarity
is challenging.
It's not an easy language to learn,
but once they're there, they stick.
So this idea of like
paying them to these coding challenges
is brilliant.
Great to see it reflected in the report.
Yeah, I mean, it's always a big, you know,
sort of marker of approval or sign of confidence, right?
The electric capital reports.
And I think Stacks there has been like one of the,
or like the largest Bitcoin developer ecosystem,
you know, for a while.
So it's always good to, you know,
take stock and see what happens there.
But yeah, no, really great stuff.
And then also this week, I think,
there is most likely the hard fork happening
or it will be next week, I think,
for the SIP, right, to actually have the endowment.
I mean, that was the news of last week, right?
That the SIP passed very overwhelmingly.
And yeah, that we can get ready for DeFi season on Stacks.
So yeah, that's a very important piece of news too.
And yeah, I was just trying to check out some stats as well,
but it seems like DeFi Llama is having some issues
at the moment.
So couldn't get some of the growth numbers
that we've seen on Stacks the last week.
But yeah, maybe we should just do a quick pass around the horn if anyone has any updates.
Maybe Kate, you want to go first.
And yeah, curious what's been going on at Leather since we last spoke.
Yeah, for sure.
On Leather's end, we're really just trying to clean up
a lot of our user interface,
making it super simple to go between mobile and web.
I know the team is working on token details right now.
So this is just making it easier to look at all the tokens
that you would hold in Leather, so you can track your balance, view the performance of it over time.
And like, just make, you know, make it really easy to take quick actions that we all do, you know, send, receive, swap.
And then also just making it easier to understand where the token fits, whether it's within stacks or maybe it's on the L1. So that's
something that the team has been working on. And then I also know that we are working on making
the browser just a much more seamless experience. So if you're on our web right now in leather.io,
it's very nicely laid out all of the different apps in our app directory and the stacking
interface. So yeah, we're just trying to bring this to mobile
and just make it as seamless as possible to go from web to mobile.
So you can just always, always be doing DeFi on the go.
I mean, who doesn't want to do that? Thank you. Can anybody hear me?
Yes, I think Tycho.
All right.
Were you guys able to hear me?
Yes, we were.
Yeah, yeah, yeah.
I want to be doing DeFi in the go, Kate.
Definitely.
It's just what I do all the time, driving around, adjusting positions.
I'll jump in.
I think Tycho's having some audio issues here.
But happy to do some updates on Granite.
The team's been cooking in the background.
I'm super excited for both what's coming over the next month and also what we've launched over the last month. So I think we
talked about a little bit of this in the Stacks town hall last week, but one of the big things
for us that we've been working on is an integration with Hermetica to process liquidations.
to process liquidations. And we launched that last week along with our flash loans. And what
this did was like, basically 100x the capacity for liquidations in the protocol. And no one likes
to talk about liquidations, you know, we try to avoid them. Granite is uniquely positioned with
our soft liquidation mechanism so that our users aren't really hit by liquidations as badly. But they're just a reality in DeFi.
And what this meant is that we actually can process liquidations
through Hermetica's stablecoin,
which allows us to be way more efficient when we do it
and use pools on Bitflow that are architected more efficiently.
So they're stable swap pools instead of their volatile swap pools,
which just means that the protocol can grow much larger safely
and still process liquidations if necessary.
So that was a big one for us.
And the other one that I think users
are gonna be really interested in
that impacts borrowers and LPs and the protocol
is that we launched,
it was kind of a soft launch last week,
I don't know if we've really announced it yet, withdrawal caps. And the idea behind withdrawal
caps is that there is now a limit on the amount of stable coins, so USDC and SBTC that can be
removed from Granite on a daily basis. And this means that, you know, Granite is very audited,
daily basis. And this means that, you know, granted is very audited, we think quite secure,
but if it got exploited, an exploiter would not be able to take all of the capital, they'd only
be able to take, I think, have it set to either 10 or 20% of the capital at this point, and then
the protocol would pause, and we'd be able to review what's happening. So that's a really big
upgrade in security for our users. So we're excited that
that's out. And I think the final announcement here is we passed $20 million in TVL. So pretty
excited there. And we have 10 million in borrowable liquidity, or maybe 11 million at this point. So
we're trying to get people on to come take those borrows, and we will be shortly launching a points program.
We're putting the finishing touches on that, so stay tuned, folks.
With that, I'll pass it on to the next person
who might have some announcements.
Yeah.
Life of soul, I just want to comment.
I really do like these features.
Also, quick check if I'm back.
Yeah, you're back.
Okay, fine. Finally.
It was very strange.
I had to restart the app a few times,
but I'll shut up. The advisor
continue, please. I just wanted to
say lately,
also thanks to Daiko, I've been looking
at various, let's say, lending protocols,
and there's a lot of these small features
to increase security, like the one that,
where I just added.
And like, it might seem like simple ones,
but are the ones that make the difference
over the long-term to give that extra security to users,
which helps incentivize bringing more liquidity and
depositing more and stuff like that. So just congrats on this feature.
Yeah, they're definitely great, great things. I think Camino has these withdrawal caps,
but also the borrow caps, right? That of how much can be can be borrowed at any given time.
It's something that we're also working on on the Zest side.
But is that how it will work? Is it just withdrawal? Is it also borrow?
Yeah, it's any asset that leaves the protocol.
So it borrows as well.
If you're going to take out USDC or if you're going to withdraw collateral
or withdraw USDC as a liquidity provider.
Yeah, it makes sense. No, it's a very, uh, it's a very good,
good, good point. Is it, is it just the heart is it the heart gap or is there
some sort of curve that I've seen like also with, um,
I think Euler has like some of these curves for like how much can be withdrawn
and things like that.
It's a, it's a pretty nifty mechanism. Actually,
the team kind of giggle brained out on this one. Um, it's a pretty nifty mechanism, actually. The team kind of giggle-brained out on this one. It's a percentage of the existing TVL
or the existing asset amount in the protocol.
And then if it's drawn down to hit the cat,
it will gradually refill over the course of the day.
So Camino's is our inspiration.
It was great to call it out.
And theirs is kind of a hard reset every 24 hours.
Ours is more like a bucket that
slowly refills over a 24-hour period. We'll be pushing out a blog post on it soon. But yeah,
I think especially because we're dealing with people, our core customers are Bitcoiners,
they care much more about risk than people who are gambling on Solana. And so these types of
features I think are
going to be really impactful to bringing people into stacks and getting them to actually draw
liquidity against their bitcoin excited to see that you guys are working on that as well to go
yeah yeah definitely i mean also camino specifically there are some very interesting
innovations right that are that are happening in in the lending space more broadly right of course
like you know camino pioneered a lot of these things,
but then there's the, well, Euler making waves, right?
And then now Aave V4 coming soon too.
So yeah, there's a lot of interesting stuff to study, right? And to kind of think about what that then,
how that then translates into the best kind of lending experience for BTC, right?
Like using all these funky mechanisms. I mean, some experience for BTC, right? Like using all these funky mechanisms.
I mean, some are way too funky, right?
For small ecosystems like ours.
But yeah, I'm sure that you've been looking
at all of that stuff too.
No, I love it.
We get to watch them test all these things out,
figure out what works, what doesn't,
what's useful, what's not,
and then bring it into clarity.
The safest smart contracting language and just give it to our users as well.
Yeah, that's right.
And we also
have Jack here, maybe, and also
we have, I think, Tim behind the Hermetica
account. I'm sure who wants to have the
honors of sharing what
Hermetica has been up to this weekend next.
Well, you can go right over to the Hermetica app and see the 16% APY that you can get on your stables right now.
We got as high as 22% APY this month so far.
And also, like the 30 30 day average is approaching 12%.
And then when you're sitting here talking about, you know, how her Medica works with,
you know, zest and blaze, you see what a powerful tool for defy infrastructure this is.
And I mean, to blaze this point, I'm not saying that ETH is the test net, but I'm saying that ETH is the test net.
The real DeFi on Bitcoin is going to happen right here in this ecosystem.
And if you haven't read the Hermetica Manifesto, it came out on the 17th.
You should read it because really that's what this is all about.
Everything we're talking about is building a decentralized economy on Bitcoin.
And to see where Stacks is relative to even the other L2s.
And this is because of protocols like Zest and Leather and Blaze.
I mean, granite.
You know, like these builders, these protocols, this has been stuff that's been a long-term vision that's playing out to fruition, which seems to be the perfect time.
I don't think anyone could time a market as great as Stacks has inadvertently done so.
But, yeah, it's just a very exciting time.
You know, we've seen Jacob hint around to some more, you know, Hermetica products that we
might be seeing coming up soon. It's just, it's a great, exciting time for the space. And, you know,
now we're on the verge of seeing what mass adoption is going to look like. And it's going to look like
people trying to get as much Bitcoin as they can and putting it to work without selling it.
That's really the meta, and here we are.
Yeah, fantastic.
I mean, that's a large testament to how things are going in the market right now
and just a lot of demand for for leverage right people want
to want to capture that that that upside on uh on btc which directly translates into the usdh
yields so if you have assets on stacks right be it stx or staked stx or or sbtc right or any any
of these i think you want to try to borrow as many stables as you can to swap into USDH and
capture that yield difference, which is very, very substantial. I mean, we've been seeing that a lot
on Zest protocol, right? Like just the uptick in USDC borrows for exactly this trade. So yeah,
that's very, very exciting. I mean, that's probably like the main update,
right, on the Zest side. Of course, the other one is, you know, the major milestone of the
5 million in borrows on Zest. So that's the number that we broke yesterday. And yeah,
much more coming, right? I mean, probably before the end of summer we'll see about 20
million is my uh my my guess um likely even 10 million before before the end of this month
with all the new uh the new lps you know coming online on uh on stacks and um and yeah and then
at the same time you know there's a slight uptick in stx borrowing too so you know it's like
increasing interest in that in that too like also potentially using stable coins as collateral to borrow stx
this is not possible today but um but this is something that we've also received a lot of
inquiries about so um so yeah these these things are um you know the markets the lending markets
are heating up in that sense.
And as a result, we also extended the debt ceiling for staked SDX.
So it's possible to borrow a little bit more stables against staked SDX than before,
mainly thanks to SDX to staked SDX liquidity growth on Bitflow, right?
So because the liquidity grows that it's
safer to do more leverage right and uh you know as a result you can borrow more against your your
stacks based assets so i think a very another very good example of how uh yeah how all these things
you know nicely uh nicely nicely interlinked um and um yeah did we did we do a stacking dow update already
or um i mean i was away for a little bit trying to fight with uh with with the app but uh not sure
if you uh if you already shared some some stuff on that the advisor no i haven't shared sure then
the update on stacking dow let's say overall last week I mean
infos there's not as a let's say there's no big announcement to make but overall
infos keep keep coming in so again like people still want to stack a stacks and
earn some yield and verbs choosing LSTs as the main way to do it I see some
stacking DAO and talking about borrowing
maybe it's good also to remind that there's why is asked uh there is five million uh borrowing
liquidity active right now even st stx and st stx btc are borrowing around five million uh worth of
borrowing activity too.
So I think it's a good reminder for anyone that LSD is the perfect vehicle to borrow
assets against it and then use the yield as a way to offset the borrowing cost at the
same time.
So yeah, obviously the major highlight right now is simply that people are keeping too
poor liquidity to stack in Delft.
Yeah absolutely and there was also a small update last week I think that was also
while you were you were away you know enjoying a little bit of time off there was a quick update
also to solve the to solve some issues in the points program as well as as the analytics so that's all uh
all all cleared up now um and um and that also means that actually makes me think of something
because there was another issue that there was on the leather earn page where if you would native stake with stacking dow so just you know stacking stx and earning BTC, the transaction would not properly go through.
And we saw one of those that was like,
I think it was between one and two million STX.
So if you're listening,
you're currently not stacked, unfortunately.
However, you can call the transaction again,
and then you are.
This was just for native stacking um
on the urn section but has since been been fixed by uh by the friends at leather so that's uh
that's that's a heads up but um you know having a million stx that must be nice right so
uh yeah no great great stuff um yeah i think um any anyone else any thoughts any uh any updates
anything um that we wanna we wanna share or highlight here uh here together otherwise you
could also go to some points from i see there is still the creator program suite here.
Blaze, if you want to share something about that for the granite side,
I'm just looking through all the updates that are pinned.
Yeah, happy to.
The update there is that I think last launch,
sorry, I'm a little bit out of breath here.
Catch me riding the bike while I'm on the show.
Last month, we launched our creator program, and we ran it for a month.
Had absolutely excellent submissions from folks just across Twitter, repping the Granite brand,
kind of explaining how Granite works, what the benefits are, how the mechanisms work.
And we have launched a second sprint in the Creator Program.
I think it is a two-week sprint this time.
We might be one week in, so I would encourage everyone listening to get out there,
check it out. If you want to make some content,
please do. We would love your input
and feedback.
I believe the
Kate might know the actual
rewards. There's like an
STX prize for the, I think,
top 10 creators. Um, so Kate might
be able to speak to that if she's still on. Yeah. Yeah. I'm still here. Um, it's SBTC. That's how we
like to reward people. So, um, it's going to be like a two week sprint. You have two weeks to
submit as many times as you'd like. Um, there's no limit on how many submissions you can make
and we'll reward our top five favorite posts.
So we really judge these based on quality, value and sort of uniqueness.
So that's 100,000 sats up for grabs times five.
And then anyone who participates will also receive what we call the stonemason NFT.
So it's just like a little reward for anyone who wants to come in and create content.
We'll send you a granite Stax NFT
to rep in your wallet.
So last time we launched it for a month
and we had a ton of submissions,
a lot of really great stuff like Blaze said,
but we got some feedback that two weeks
was maybe a little bit more preferred
just to keep the momentum and the cadence up.
So yeah, so far we've had some really good submissions.
People are really getting into the different terms and what things mean.
I think it's kind of like a community learning experience about how lending works, what your health score is, all of these different things.
And then also what they're doing with their loans.
So that's like the type of content that we love to see. Yeah, Kate, those NFTs are sick. I love them. Yeah. And I think something to point out too, is that the entire team does
get together and judge these things. So we look at every single one. We love it. And we bring in
all the engineers and everyone also like reviews these to choose the top final it. And we bring in all the engineers and everyone also reviews these to choose the top
finalists. So we strongly encourage folks to submit them. This is kind of the favorite part
of our month is going through these and actually figuring out which ones we want to pump to the top.
Yeah, absolutely. I can also jump in if you guys want some updates on the Staxzeely campaign.
Yesterday, Brandon gave us a big update on some of the numbers.
So in total, we're at about 35,000 members in our Staxzeely.
We've had over 125,000 quests claimed.
So that's, you know, a lot of activity happening on chain.
We have about 609 unique
participants in this season. So this season is all about stable coins. So anything, AUSDC, USTH,
all of that kind of stuff. So it's been, I think, a bump from last season, which is good to see.
We've had a lot more people come into the eco and really figure out how to use all the apps and just get acquainted.
So that's been pretty exciting.
The next season will launch next week,
and that is going to be SPTC-focused.
But yeah, a lot of people using stablecoins on stacks,
which has been an awesome season so far.
Yeah, brilliant
stuff. I mean, that
also reminds me of this
exciting ambassador program, right?
With stacking
DAO and also creating content
on Zest protocol.
And I see a lot of the ambassadors
there in
the spaces here, right?
Fracture, Tim, and yeah, many, many others.
Also, Mr. Cyborg with a Y, and probably many more who might be missing here.
I mean, I see so many cats.
It's unfortunate we don't have groups here to share some some cat updates um but um but yeah it looks like uh yeah there's really uh
a new a new nft meta on on stacks so loving loving to see that um yeah and then also i think
you know one one thing that um that i pinned up here as the middle tweet
is the Satoshi.ai terminal.
I'm sure if you guys had the chance
to have a look at that tweet.
But yeah, it's definitely pretty cool.
So curious for your thoughts on it.
Blaze also, I'm not sure if you had the chance to have a look.
But basically it's a terminal through which you can,
so think like ChatGPT, right?
Through which people can, or users can, you know,
connect to wallets and then say,
well, what earning strategies would you recommend for my wallet?
And then, you know, like a ChatGPT interface,
it says, well, I would recommend this or this or this,
or what is your risk preference?
And then basically there are wallet pop ups.
So I think this example uses the leather wallet also.
And yeah, you can basically kind of from a chat interface,
do DeFi, which is like quite a nice way
to make yields discoverable on
on on on stacks so yeah this is like still still quite quite early days but
but definitely definitely exciting and nobles you are very much a power user of
all these AI tools so oh you just unmuted yourself I love this I have I had not seen this before. So thank you.
I'm gonna have to nerd out and dig into this today. It's really cool that they do it where
they like present the user with an option to switch because I think the big challenge with
these AI portfolio management tools is like making sure it doesn't go AWOL and just like,
you know, randomly move your funds somewhere else. So this is fascinating.
And it'll be interesting to see if they're able to like,
let's say put in some kind of walled garden of, you know,
here are a handful of protocols.
Here's a handful of strategies you can run.
And maybe it like automatically chooses the highest yield strategy for you in
those.
Cause that would be.
And it's still clarity, right?
So everything requires the user to actually do the wallop,
you know, like all of these things. because that would be... And it's still clarity, right? So everything requires the user to actually do the wallop up,
you know, like all of these things.
So there's no automated management on Stack by design.
Maybe Dylan in with his keepers
to figure out some way to automate this.
True. That's true. That's true.
Yeah.
Yeah.
No, but definitely check it out.
And yeah, it's probably to see more of this
to be released soon.
So yeah, just like a good thing to keep an eye on, right?
Because I think especially with,
if we just think about DeFi,
I mean, this is obviously the Stacks DeFi show.
So that's the only thing we do is thinking about DeFi.
But in 2021 2021 everyone was
thinking or like there was
a huge meta of yield
aggregation protocols right like Yearn
Finance was like kind of the big
yield aggregator and people would there
deploy into different strategies
this has evolved a little
bit since then but
yeah 2025 yield aggregator
is quite likely some kind of chat terminal,
right? To just change the interface of how we engage with DeFi from going from UI to UI,
to the wallet, to this, to that, to calculating positions, just having it in the kind of tool
that we use every day to, I don't know,
figure out what the weather is or something. I feel like even just having something that's
constantly monitoring is a huge benefit. Like I've done a lot of LPing across various DEXs and
using these yield protocols. And it's great as long as you're paying attention. But then
life happens, you go to a conference, you take some time off,
like you forget about your position
and suddenly you're in a poorly yielding position.
You're losing money, like you eat a month of gains.
And so just something that would like,
just even review what I have and ping me
and say, maybe move.
your money would be exceptionally helpful.
Your money would be exceptionally helpful.
So this is cool.
I gotta check it out.
Yeah, this is really, you know,
taking a peek at what the future of this space looks like, right?
Like that's what's so cool about it.
It's definitely ahead of the curve in that respect.
I don't think that the way, like to Blaze's point,
that we're used to participating in DeFi or just crypto in general, our experience is going to be very unique to the experience of people who come here during mainstream adoption.
AI is going to play a huge part in that.
And yeah, so it's very fascinating to see this play out right here on Stacks.
Yeah, so stay tuned.
Stay tuned for that.
And yeah, is there anything else
you want to talk about or jump in with?
Otherwise, we could do some quick outros, right?
And make it more of a quick space this time.
I don't see anyone who requested to speak, but that's maybe because I'm not a co-host currently.
Maybe can you see anyone who wants to give their two cents or maybe
Rick, who is probably behind the stacks account at the moment.
Rick who is probably behind the Stacks account at the moment.
But if there is no one currently, we could wrap it up a bit early.
I think we can wrap it up.
All right.
All right, all right, all right.
Cool.
I guess then quickfire things that people should look at coming away from the spaces. Maybe you want to start, Advisor.
on Twitter because there we share all the latest news,
but especially like the team,
both teams are keep cooking, keep building,
and a lot is gonna come the next month.
So make sure to follow the Twitter accounts.
And also make sure to join the Discord accounts
of both Stacking and Zest because JPSC
is hosting various activities and engaging with the community.
So if you ever want to have fun, let's say, with the Stacks community and ecosystem, those two servers are where you want to be.
I can jump in on Leather's side.
Leather Mobile is available for iOS and Android.
So if you're looking for a Bitcoin DeFi on the go, definitely download that.
And then we also have leather.io.
This is our earn dashboard.
So all of the best stacks yields, check them out in one place, leather.io.
Yeah, thanks for having me, guys. It's always fun to do these and catch up with you guys so excited for for next week's yeah i can jump in
here i i just want to leave you all with uh an excerpt from the hermetica manifesto it's it's a
reminder as to why we're here and what we're doing. To fully realize Bitcoin's potential, we must build Bitcoin-native decentralized financial services, otherwise known as Bitcoin DeFi.
Bitcoin DeFi offers a path to financial inclusion, unlocking services once reserved for institutions and the wealthy, making them available to everyone.
It expands Bitcoin's utility while preserving the decentralization
that makes it powerful and resilient. That's why we're here. That's what Bitcoin DeFi is.
So whether you're a fund or whether you're a degen, it's always good to have dry powder
and stables. And what's a better stable and one backed by Bitcoin that you can get
solid APY on.
See you guys next week.
Oh, man, how do you follow that?
Jeez, I won't even try.
Let's see.
Granite side, we're at $10 million of borrowable USD liquidity.
Come on in, check it out.
We'd love to have you on.
Time to start, let's say, banking some NFTs before the points program launches.
So thanks for having me today, Saiko.
Awesome.
Awesome, awesome, awesome.
Then, yeah, make sure to check out Zest Protocol.
Earn some yield on your BTC.
Of course, Zest is the home of SBTC on stacks,
currently between 3% and 4% APY there,
and a lot of stables incoming.
I think we'll hit between 15 and 20 million in stables
between now and a few weeks on Zest Protocol.
So lots of exciting stuff happening there.
And yeah, we will be back next week,
same time, 10 a.m. Eastern time,
to talk more Stacks DeFi.
And yeah, I think then probably the hard fork
will have happened,
or it will be very close to the hard fork.
That will create the endowment treasury to supercharge what we're doing here.
So very excited about that.
And yeah, looking forward to chat more next week
and here on Twitter the coming week.
So it's good to talk.
And then we'll chat soon.
Thanks, everyone.
Bye, guys.
