TL;DR
- Zeus Network launches APOLLO, a decentralized platform that allows Bitcoin to be used on the Solana network.
- It introduces zBTC, a permissionless version of Bitcoin for the Solana DeFi ecosystem, offering a more transparent alternative to Wrapped Bitcoin.
- APOLLO, the first native Bitcoin exchange on Solana, allows users to mint zBTC and withdraw native Bitcoin, ensuring privacy and decentralization.
Zeus Network has launched a new decentralized platform called APOLLO, which will allow users to use Bitcoin within the Solana network.
This platform also introduces zBTC, a permissionless version of Bitcoin that can be used in the Solana DeFi ecosystem. By implementing this solution, Zeus Network redefines Bitcoin liquidity across chains, offering investors a more transparent and secure alternative to traditional Wrapped Bitcoin methods.
APOLLO is the first native Bitcoin exchange on Solana, and its launch is scheduled for today. Before its official launch, the platform has already shown a strong adoption rate, with a transaction volume exceeding $40 million and the issuance of 50 zBTC on the Solana network. APOLLO has the necessary capacity to overcome the limitations of conventional wBTC solutions, providing a more reliable and accessible environment.
Zeus Will Revolutionize Bitcoin’s DeFi Capabilities
Zeus offers a permissionless solution that allows users to lock their Bitcoin to mint zBTC and withdraw it as native BTC at any time. APOLLO offers various applications within the Solana DeFi ecosystem, providing access to new opportunities for executing decentralized financial strategies. Users will be able to swap zBTC on platforms such as Jupiter, provide liquidity on different protocols, and access lending services on platforms like Drift and Save Finance.
Unlike traditional cross-chain bridges, which require KYC and pose risks of centralized control, APOLLO ensures user anonymity and maintains a fully decentralized platform. In addition, ZeusScan, a proof of reserve (PoR) system, guarantees that all transactions are fully traceable, improving the security and transparency of the process.
With the launch of APOLLO and zBTC, Zeus Network becomes a multi-chain platform, with plans to integrate more UTXO-based assets like DOGE, LTC, and KAS into Solana, as well as expand its offering of decentralized applications based on Bitcoin.
