Zeus Network Expands Bitcoin Access with zBTC Integration on Solana

Last updated: December 31, 2024

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Zeus Network Expands Bitcoin Access with zBTC Integration on Solana

Highlights:

The Zeus Network has launched zBTC on the Solana blockchain.
The APOLLO platform lets users stake Bitcoin and earn returns.
The transactions are faster and cheaper than Bitcoin’s native network.

Zeus Network has launched zBTC on the Solana blockchain. This tokenized version of Bitcoin offers a 1:1 peg with native Bitcoin. It allows users to access decentralized finance applications on Solana without the need to hold Bitcoin.

“The First Permissionless BTC Now Live on Solana!”@ApolloByZeus, the Bitcoin liquidity terminal, has officially launched Mainnet v1, bringing $zBTC to @solana.

The Zeus Ecosystem kicks off a new era of cross-chain liquidity utilization, transforming on-chain Bitcoin DeFi.… pic.twitter.com/0PEpbx7pJ3

— Zeus Network 🟧⛈️🟣 (EPOCH 1) (@ZeusNetworkHQ) December 30, 2024

The announcement led to a 4% increase in the price of ZEUS, the network’s native token. ZEUS traded at $0.7427 following the news. Zeus Network aims to improve cross-chain liquidity between Bitcoin and Solana with this development.

ZeusNode and ZPL Enable DeFi Access

The Zeus Program Library and ZeusNode infrastructure power the integration of zBTC on Solana. These technologies ensure secure and efficient Bitcoin transactions across the two blockchains. They also maintain Bitcoin’s original protocol without requiring changes.

Bitcoin holders can now stake their assets on Solana and earn returns. This feature preserves the security and value of their Bitcoin while providing access to Solana’s fast-growing DeFi market. ZeusNode uses a multi-party computation model to validate transactions. In addition, this system ensures security and trustless operations between the networks.

The transactions are faster and cheaper compared to Bitcoin’s native network. This improvement benefits users seeking efficiency and cost savings in their operations.

Providing Liquidity for Bitcoin on Solana

Within the Solana ecosystem, APOLLO is a liquidity terminal for Bitcoin. APOLLO offers users a way to stake Bitcoin and mint zBTC. Moreover, they can earn returns by interacting with Solana’s decentralized finance applications.

The platform currently operates on an allowlist system. Only selected users can deposit and withdraw Bitcoin at this stage. The first phase focuses on ensuring stability by capping the network’s capacity at 25 BTC. This approach builds robust Bitcoin-to-zBTC interoperability.

Welcome to APOLLO Mainnet v1.

The FIRST permissionless Bitcoin liquidity terminal on Solana. https://t.co/uTxwLDP3I9

𖤓 Thread pic.twitter.com/aIHR9By2IU

— APOLLO (zBTC LIVE) (@ApolloByZeus) December 30, 2024

The next phase will expand liquidity management. It targets inflows of over 1,100 zBTC to the platform. Users can participate in custodial or non-custodial modes. In specific, custodial users deposit Bitcoin in APOLLO’s secure vault and earn yields. Non-custodial users mint zBTC in their wallets and access Solana’s DeFi ecosystem.

Future Plans for Expansion and Innovation

By 2025, Zeus Network aims to integrate UTXO based cryptocurrencies like Dogecoin, Kaspa, and LiteCoin. By mid 2025, they want to onboard 1% of Bitcoin liquidity to Solana. It aims to manage 2,250 BTC through this duration.

The network will also open-source the Zeus Program Library in 2025. This step encourages developers to build new decentralized applications within the Zeus ecosystem. It also promotes broader adoption of cross-chain Bitcoin liquidity solutions.

Zeus Network’s CEO highlighted the importance of these developments. He stated that the network redefines Bitcoin’s liquidity use within Solana. This process ensures permissionless integration without compromising Bitcoin’s original security and protocol.

Bitcoin holders can now explore new yield opportunities while preserving their assets’ safety. zBTC on Solana bridges the gap between Bitcoin and Solana’s blockchain. It offers faster transactions and broader access to decentralized finance. The network’s plans for expansion further strengthen its position in the market.

Author

Austin Mwendia

Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.

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