Total Value Locked$46.19m
TVL by Chain
Stacks$46.19m
Key Metrics
Fees 30d$68,377
Fees 30d by chain
Stacks$68,377
Fees 7d$9,741
Stacks$9,741
Fees 24h$1,485
Stacks$1,485
Cumulative Fees$134,355
Stacks$134,355
Revenue 30d$14,391
Revenue 30d by chain
Stacks$14,391
Revenue 7d$2,542
Stacks$2,542
Revenue 24h$434
Stacks$434
Cumulative Revenue$40,141
Stacks$40,141
Holders Revenue 30d$0
Holders Revenue 30d by chain
Stacks$0
Holders Revenue 7d$0
Stacks$0
Holders Revenue 24h$0
Stacks$0
Cumulative Holders Revenue$0
Stacks$0
Active Loans$28.97m
Protocol Information
Zest Protocol is an open-source, on-chain lending platform built for Bitcoin, allowing users to earn or borrow against their BTC
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: 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 from DefiLlama's price API (STX, BTC, USDC), DIA oracle (USDh), and Stacking DAO stSTX ratio.View code on GitHubRevenue: 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 GitHubHolders Revenue: View code on GitHubYields
Pools Tracked7
Average Supply APY0.66%
Competitors
Zest V2 history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Feb 25, 2026 to Oct 28, 2026.
All-time high TVL: $88.75m on May 12, 2026. All-time low TVL: $1.98m on Feb 25, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $71.63m |
| Sep 30, 2026 | $71.34m |
| Oct 1, 2026 | $72.02m |
| Oct 2, 2026 | $72.91m |
| Oct 3, 2026 | $74.86m |
| Oct 4, 2026 | $74.95m |
| Oct 5, 2026 | $76.13m |
| Oct 6, 2026 | $78.54m |
| Oct 7, 2026 | $78.06m |
| Oct 8, 2026 | $76.43m |
| Oct 9, 2026 | $75.54m |
| Oct 10, 2026 | $76.26m |
| Oct 11, 2026 | $76.71m |
| Oct 12, 2026 | $77.16m |
| Oct 13, 2026 | $76.52m |
| Oct 14, 2026 | $78.28m |
| Oct 15, 2026 | $76.22m |
| Oct 16, 2026 | $77.34m |
| Oct 17, 2026 | $75.59m |
| Oct 18, 2026 | $75.57m |
| Oct 19, 2026 | $75.67m |
| Oct 20, 2026 | $61.76m |
| Oct 21, 2026 | $62.24m |
| Oct 22, 2026 | $63.47m |
| Oct 23, 2026 | $51.48m |
| Oct 24, 2026 | $51.95m |
| Oct 25, 2026 | $48.4m |
| Oct 26, 2026 | $47.61m |
| Oct 27, 2026 | $47.38m |
| Oct 28, 2026 | $45.96m |
TVL at each month end, Feb 2026 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2026 | $38.66m |
| Mar 31, 2026 | $67.5m |
| Apr 30, 2026 | $82.77m |
| May 31, 2026 | $84.11m |
| Jun 30, 2026 | $60.75m |
| Jul 31, 2026 | $63.49m |
| Aug 31, 2026 | $73.24m |
| Sep 30, 2026 | $71.34m |
| Oct 28, 2026 (latest) | $45.96m |
Fees, revenue and holders revenue by UTC calendar month, Feb 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Feb 2026 | $60.78 | $19.63 | $0 |
| Mar 2026 | $728.10 | $277.42 | $0 |
| Apr 2026 | $2,241 | $732.75 | $0 |
| May 2026 | $11,740 | $4,351 | $0 |
| Jun 2026 | $10,565 | $4,016 | $0 |
| Jul 2026 | $11,420 | $4,636 | $0 |
| Aug 2026 | $10,516 | $4,608 | $0 |
| Sep 2026 | $20,921 | $8,016 | $0 |
| Oct 2026 (to date) | $66,163 | $13,483 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/zest-v2
Frequently asked questions
What is Zest V2's TVL?
As of Oct 28, 2026, Zest V2 has $46.19m in total value locked. TVL has decreased 36.4% over the past 30 days.
What chains does Zest V2 operate on?
Zest V2 operates on Stacks. Stacks holds the largest share at 100%.
How much has Zest V2 generated in fees and revenue?
Over the past 30 days, Zest V2 generated $68,377 in fees. Of that, $14,391 was protocol revenue. Based on the trailing year, the annualized rate is $184,359 in fees and $55,080 in revenue.
How does Zest V2's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Zest V2 ranks #38 by TVL. The category holds $52.503b across 518 protocols, and Zest V2 accounts for 0.1% of that total. Similar protocols include Granite, Zest V1, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Hyperliquid Earn, Compound V3, and Kamino Lend.
How much has been borrowed through Zest V2?
As of Oct 28, 2026, Zest V2 has $28.97m in active loans.