Zeus Network launches zBTC on Solana, enabling Bitcoin access to Solana's DeFi ecosystem with a 1:1 BTC peg.
Through the APOLLO platform, users can stake Bitcoin, mint zBTC and receive yields through Solana’s DeFi space.
There are also plans for the project to adopt Dogecoin, Kaspa, and Litecoin alongside managing 2,250 BTC by 2025 at Zeus Network.
Zeus Network has launched zBTC on the Solana blockchain. This tokenized Bitcoin maintains a 1:1 peg with native Bitcoin. It enables users to engage in decentralized finance (DeFi) activities on Solana without owning Bitcoin directly.
Following the official announcement, Zeus Network’s native token, ZEUS, went up by 4%. This token is currently trading at a price of $0.7427. Zeus Network has the vision of providing enhanced liquidity between different blockchains of Bitcoin and Solana.
ZPL stands for Zeus Program Library while ZeusNode is used for powering the integration. These technologies enable secure and fast Bitcoin transactions on both the blockchains. Bitcoin holders can now stake their assets on Solana and earn yields.
Additionally, ZeusNode uses a multi-party computation model to validate transactions. This system ensures security and trustless operations between networks. Transactions on Solana are faster and cheaper compared to Bitcoin’s native network.
APOLLO Platform Enhances Bitcoin Liquidity on Solana
APOLLO, a liquidity terminal within the Solana ecosystem, plays a key role in supporting zBTC. It allows users to stake Bitcoin, mint zBTC, and earn returns through DeFi applications. Currently, the platform operates on an allowlist system. Only selected users can deposit and withdraw Bitcoin during this phase. Zeus Network has capped capacity at 25 BTC to ensure stability.
Future plans include expanding liquidity to over 1,100 zBTC. Users will have two participation modes: custodial and non-custodial. Custodial users can deposit Bitcoin into APOLLO’s secure vault to earn passive yields.
Non-custodial users can mint zBTC directly into their wallets. This means they can engage in DeFi on Solana without surrendering control over their funds to third-party exchanges. The current integration that the APOLLO platform seeks to achieve is the bridge between Bitcoin and Solana. It offers users efficiency, cost savings, and greater financial opportunities.
Zeus Network Plans for Future Growth and Integration
Zeus Network plans to integrate UTXO-based cryptocurrencies like Dogecoin, Kaspa, and Litecoin by 2025. The network aims to onboard 1% of Bitcoin liquidity onto Solana and manage around 2,250 BTC. Additionally, Zeus Network will open-source the Zeus Program Library (ZPL) in 2025. This step encourages developers to build innovative decentralized applications on the Zeus ecosystem.
The Zeus Network CEO highlighted the importance of these developments. He emphasized the network’s focus on redefining Bitcoin liquidity and enabling seamless integration with Solana. This approach preserves Bitcoin’s original security and protocol. At the same time, it expands financial opportunities for Bitcoin holders.
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