Zeus Network has introduced zBTC, a tokenized form of Bitcoin, to Solana’s blockchain, enabling new yield opportunities for Bitcoin holders. This development comes as the Zeus Network aims to enhance cross-chain liquidity and expand decentralized finance (DeFi) options. zBTC Brings Bitcoin to Solana’s DeFi Ecosystem The Zeus Network has successfully launched zBTC, a trustless, tokenized version of Bitcoin, on the Solana blockchain. zBTC allows users to engage with DeFi applications on Solana while retaining Bitcoin’s original security and value through a 1:1 peg with native BTC. Post the announcement, Zeus Network token ZEUS saw a price surge of over 4% as of press time trading at $0.7427. As per the network, zBTC launch is a major step in opening up cross-chain liquidity between Bitcoin and Solana blockchains. Bitcoin owners can now stake their assets into Solana’s DeFi market to generate returns without sacrificing the security of their BTC. “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 This integration is enabled by the Zeus Program Library (ZPL) and the ZeusNode infrastructure which provide a secure and efficient way for performing Bitcoin transactions across different chains. APOLLO Enables Bitcoin Yield Opportunities APOLLO, the first dApp in the Network ecosystem, has been introduced in the market together with the launch of zBTC. The APOLLO platform aims to function as a Bitcoin liquidity terminal where users can gain access to various investment options and generate consistent returns on their BTC in Solana’s DeFi sphere. This feature guarantees that the Bitcoin assets are safe on the Bitcoin blockchain network while being actively used in Solana’s fast and scalable ecosystem. In its first phase, APOLLO has started enabling selected customers to mint zBTC after staking their Bitcoin. This feature opens up Solana for BTC holders to interact with DeFi dApps on the layer while at the same time provide a smooth Bitcoin to zBTC conversion. Cross-Chain Liquidity Framework Sets New Standards The Zeus Network’s ZeusNode architecture and ZPL are the key enablers of this innovation. These technologies allow for the validation, tokenization and transacting of Bitcoin on the Solana network without having to change Bitcoin’s original protocol. This cross-chain liquidity solution provides a safe transfer between the Bitcoin and Solana networks, with cheaper and faster transactions than on Bitcoin’s chain. Implementing a multi-party computation (MPC) model, ZeusNode Guardians guarantee that Bitcoin transactions on Solana are fully trustless and secure. This harmonized validation structure ensures the validity of the transactions and also enables integration of Bitcoin in the Solana blockchain. The network also shared that it aims to enhance its functionality and include UTXO-based cryptocurrencies such as Dogecoin, Litecoin, and Kaspa within the ecosystem by the year 2025. Zeus Network Roadmap and Ecosystem Growth Zeus Network has set goals for its ecosystem, starting with plans to onboard 1% of Bitcoin liquidity to Solana by mid-2025. The network aims to manage 2,250 BTC during this period, further strengthening its position in the cross-chain DeFi market. Additionally, the Zeus Program Library will be open-sourced in 2025 to encourage developers to build new applications within the Zeus ecosystem. This move is expected to attract more decentralized applications and drive broader adoption of cross-chain Bitcoin liquidity solutions. Justin Wang, co-founder and CEO of Zeus Network, stated, “Zeus Network and its Guardians are redefining Bitcoin’s liquidity utilization, providing permissionless pathways for Bitcoin integration on Solana.” The post Zeus Network Launches zBTC On Solana Unlocking Bitcoin Yield Potential appeared first on CoinGape .
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