Binance Labs, the subsidiary of the Binance exchange that has so far invested more than $10 billion in more than 25 countries, has officially announced a new investment. The company invested in Zest Protocol, a Bitcoin loan and return project running on the Stacks network.

Zest Protocol, which will utilize the upcoming Stacks Nakamoto update of the Stacks network and the sBTC blockchain enhancement, allows uploaded Bitcoins to be converted into sBTC and then allows users to withdraw credits or earn returns from the system.

Users can become a liquidity provider through the BTC they connect to the system and earn a return through the Earn Pool, while they can withdraw credits against the BTC loaded through the Credit (Barrow) Pool.

“Zest Protocol’s technology addresses the needs of Bitcoin holders and borrowers, unlocking the potential for Bitcoin programmability and interoperability.” said Yi He, one of the founders of Binance and the head of Binance Labs, about the investment. He also said that they are eagerly awaiting the Nakamoto update, one of the most important steps for the growth of Zest Protocol.