Alisa Davidson
Printed: March 27, 2025 at 10:00 am Up to date: March 27, 2025 at 7:44 am
Edited and fact-checked:
March 27, 2025 at 10:00 am
In Transient
Zeus Community has launched the APOLLO Bitcoin alternate on Solana and launched the zBTC asset, enabling Bitcoin holders to entry Solana’s DeFi ecosystem and unlock cross-chain Bitcoin liquidity.
SVM-based multi-chain platform, Zeus Community introduced that it has launched APOLLO, a decentralized utility and the primary on-chain Bitcoin alternate constructed on the Solana blockchain. Alongside APOLLO, the community additionally launched zBTC, the primary absolutely permissionless Bitcoin asset on Solana. This growth permits Bitcoin holders to entry Solana’s decentralized finance (DeFi) ecosystem and unlock cross-chain Bitcoin liquidity, eliminating the necessity for centralized wrapped options.
APOLLO allows customers to lock native BTC and mint zBTC at a 1:1 ratio immediately on the Solana blockchain, thus enhancing Bitcoin liquidity inside a decentralized, non-custodial surroundings. Not like conventional wrapped Bitcoin fashions that depend on centralized custodians and opaque processes, APOLLO and zBTC provide a trustless and clear expertise with out requiring Know Your Buyer (KYC) or introducing custodial dangers. Throughout its personal mainnet part, the platform noticed spectacular engagement, attaining over $40 million in on-chain quantity and efficiently minting 50 zBTC previous to its official launch.
The introduction of APOLLO marks the start of Bitcoin Finance, or BTCFi, on Solana, providing a spread of decentralized monetary providers that make the most of Bitcoin’s liquidity and safety whereas integrating with Solana’s DeFi infrastructure. With zBTC, Bitcoin holders can now have interaction in numerous DeFi actions on Solana, together with buying and selling on Jupiter, offering liquidity on platforms equivalent to Meteora, HawkFi, and Raydium, and collaborating in yield optimization methods via vaults like Drift and Impartial Commerce, that are anticipated to launch quickly.
Moreover, Zeus Community ensures full transparency with its custom-built Proof of Reserves system, ZeusScan, which supplies on-chain visibility into Bitcoin reserves. This function ensures that each BTC transaction stays absolutely auditable, bolstering consumer confidence and upholding the integrity of APOLLO’s trustless framework.
Zeus Community Unveils Formidable Plans To Improve Modularity Of Bitcoin Liquidity And Develop Partnerships
Within the coming months, Zeus Community intends to roll out extra options that can additional improve the modularity of Bitcoin liquidity. APOLLO will quickly permit customers to swap between zBTC, cbBTC, and wBTC, in addition to withdraw any of those variations again to native Bitcoin. This performance will simplify the method of managing Bitcoin positions throughout totally different protocols and codecs, providing elevated flexibility and management for customers. The modular framework goals to enhance market effectivity by offering extra choices and comfort. Moreover, customers may have the chance to take part in borrowing and lending actions on platforms like Drift and Save Finance, with extra providers anticipated to be added.
Zeus Community’s future plans additionally embody increasing institutional liquidity partnerships and integrating extra UTXO-based property equivalent to DOGE, LTC, and KAS. Moreover, the community will work on evolving ZPL-assets to boost liquidity protection. The launch of extra Bitcoin-native functions on Solana can be deliberate, as Zeus Community continues to advance BTCFi on the Solana blockchain.
Disclaimer
In keeping with the Belief Mission pointers, please word that the data offered on this web page shouldn’t be meant to be and shouldn’t be interpreted as authorized, tax, funding, monetary, or every other type of recommendation. It is very important solely make investments what you may afford to lose and to hunt impartial monetary recommendation you probably have any doubts. For additional info, we advise referring to the phrases and situations in addition to the assistance and assist pages offered by the issuer or advertiser. MetaversePost is dedicated to correct, unbiased reporting, however market situations are topic to alter with out discover.
About The Writer
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
