Permissionless Bitcoin on Solana: Zeus Network Launches APOLLO Platform and zBTC

CN
PANews
Follow
4 days ago

Permissionless Bitcoin on Solana: Zeus Network Launches APOLLO Platform and zBTC

Zeus Network has developed a permissionless framework that enables the free flow of Bitcoin between the Bitcoin and Solana networks. This marks a new chapter in the field of Bitcoin finance (BTCFi), providing Bitcoin holders with a modern, decentralized way to utilize their assets. Over the past 15 years, Bitcoin has been dedicated to achieving the goal of a peer-to-peer electronic cash system. However, due to its inefficiencies and limited programmability, many institutions have only been able to offer wrapped Bitcoin, which compromises asset transparency and affects holder privacy.

APOLLO Mainnet v1 and zBTC: Permissionless Bitcoin Liquidity on Solana

As the flagship decentralized application of the Zeus ecosystem, APOLLO will officially launch on March 27, 2025, becoming the first on-chain Bitcoin exchange on Solana. The platform introduces the first permissionless Bitcoin, zBTC, on Solana, redefining cross-chain Bitcoin liquidity and opening new opportunities for the BTCFi sector on Solana.

Before its official launch, APOLLO has already demonstrated strong adoption, with on-chain trading volume exceeding $40 million and 50 zBTC minted on Solana. These achievements highlight APOLLO's ability to break through the limitations of traditional wrapped Bitcoin solutions, providing users with a transparent, secure, and trustless platform that brings Bitcoin liquidity into the Solana ecosystem.

APOLLO is now open to the public for cross-chain liquidity services between Bitcoin and Solana.

Permissionless Bitcoin on Solana: Zeus Network Launches APOLLO Platform and zBTC

Building BTCFi on Solana

BTCFi (Bitcoin Finance) refers to a suite of decentralized financial services and applications that leverage the security and liquidity of Bitcoin. Traditionally, Bitcoin holders have relied on centralized wrapped Bitcoin solutions, facing challenges and risks related to transparency. Therefore, zBTC offers a revolutionary alternative—a permissionless 1:1 Bitcoin-pegged asset running on Solana.

With APOLLO publicly launching on March 27, 2025, all traders can lock Bitcoin to mint zBTC and withdraw native Bitcoin at any time. APOLLO integrates zBTC into Solana's DeFi ecosystem, enhancing Bitcoin liquidity and driving the development of BTCFi. Additionally, users can utilize zBTC to execute various DeFi strategies on Solana. As the integration of zBTC expands across protocols, opportunities for Bitcoin holders and liquidity providers will also increase.

Use cases for APOLLO and zBTC:

  • Trading – Swap zBTC on Jupiter
  • Providing Liquidity – Provide liquidity on Meteora, HawkFi, and Raydium
  • Lending Services (Coming Soon) – Borrow zBTC or lend USDC on Drift and Save Finance
  • Treasury Strategies (Coming Soon) – Deposit zBTC on Drift and Neutral Trade

APOLLO: On-Chain Bitcoin Exchange

APOLLO provides a fully decentralized environment where users can maintain anonymity without undergoing KYC verification like centralized cross-chain bridges or wrapped Bitcoin issuers, while also avoiding the risks of asset freezing or control. Furthermore, as a proof of reserve (PoR) system for on-chain Bitcoin, ZeusScan ensures that every transaction is fully traceable, further reinforcing Zeus Network and APOLLO's commitment to security and transparency.

APOLLO users will soon be able to customize their Bitcoin usage experience—minting zBTC, exchanging cbBTC or wBTC, and withdrawing any version back to native BTC. These features aim to validate APOLLO's market demand through its efficient management of Bitcoin liquidity. With the public release of APOLLO Mainnet v1 and zBTC, Zeus Network not only redefines Bitcoin's role in DeFi but also propels financial innovation into a new era.

Future Roadmap for the Zeus Ecosystem

Zeus Network will continue to solidify its position as a multi-chain layer, planning to integrate UTXO-based assets (DOGE, LTC, KAS) on Solana, introduce significant institutional liquidity partners, and enhance ZPL assets to improve liquidity coverage. More decentralized applications (dApps) based on Bitcoin on Solana will be launched soon.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

ad
OKX:注册返20%
链接:https://www.okx.com/zh-hans/join/aicoin20
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink