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Zeus Network has officially launched its flagship decentralized application, APOLLO, and a new asset called zBTC, marking a major milestone in the crypto industry. This significant breakthrough brings trustless Bitcoin on-chain exchange to the Solana ecosystem for the very first time.
APOLLO allows users to lock native BTC and mint zBTC at a 1:1 ratio directly on Solana, enabling the creation of decentralized, non-custodial Bitcoin finance opportunities. This innovation unlocks cross-chain Bitcoin liquidity, allowing Bitcoin holders to seamlessly interact with the Solana-based DeFi ecosystem without relying on centralized wrapped solutions.
In contrast to traditional approaches that rely on opaque systems and custodian risks, APOLLO’s trustless architecture eliminates any need for KYC requirements or custodial control. The platform has demonstrated impressive traction during its private mainnet phase, boasting over $40 million in on-chain volume and successfully minting 50 zBTC ahead of launch.
The introduction of zBTC also paves the way for a multitude of DeFi strategies across Solana, including trading zBTC on Jupiter, providing liquidity on Meteora, HawkFi, and Raydium. Additionally, vault strategies for yield optimization – such as depositing zBTC on Drift and Neutral Trade – are set to be introduced in the near future.
Zeus Network’s commitment to transparency is further emphasized by its custom-built Proof of Reserves system, ZeusScan, which ensures that every Bitcoin transaction remains publicly visible and accessible. This level of accountability adds a new layer of security for users, as all transactions will be auditable and transparent.
As the platform continues to evolve, it plans to onboard institutional liquidity partners, integrate more UTXO-based assets such as DOGE, LTC, KAS, and develop ZPL-assets to strengthen liquidity coverage. Furthermore, the company is actively working on launching additional Bitcoin-native applications on Solana to solidify its position in the crypto market.
In a statement, Zeus Network emphasized that its primary focus remains on building trustless interoperability between Bitcoin and other major blockchain ecosystems. By achieving this goal, the company aims to revolutionize the way users interact with different blockchains, creating seamless, decentralized experiences without compromising security or transparency.
With APOLLO’s successful launch, Zeus Network has successfully bridged the gap between Bitcoin and Solana-based assets, providing a new avenue for Bitcoin holders to engage in DeFi activities. This groundbreaking achievement is expected to have far-reaching implications on the broader cryptocurrency landscape, as it opens up previously inaccessible opportunities for decentralized finance (DeFi) applications.
About Zeus Network
Zeus Network is a multi-chain layer built on top of the Solana Virtual Machine (SVM). The platform enables permissionless interoperability between Bitcoin and other major blockchain ecosystems.
Source: https://cryptopotato.com/zeus-network-launches-apollo-and-zbtc-marking-the-first-trustless-bitcoin-on-chain-exchange-on-solana/
