Stacks Price Surges 10% with Zest Protocol's Bitcoin Vault Launch
Stacks (STX) price surged approximately 10% in the past 24 hours, driven by the launch of Zest Protocol's Bitcoin staking vault on the Stacks network. The vault, zvstBTC, targets an annual percentage yield (APY) of 6 to 8% using stBTC collateral and sBTC borrowing.
This concrete, yield-bearing Bitcoin DeFi product on Stacks has generated fresh interest and speculative flows into STX. Social media has also played a significant role in amplifying the narrative around Stacks as the finance layer for Bitcoin, with multiple posts highlighting STX as the beneficiary of 'Bitcoin-native finance' and 'Bitcoin bonds'.
The broader crypto market environment has also contributed to STX's rise, with the total crypto market cap increasing by about 4.7% over the last 24 hours.