- APOLLO provides decentralized Bitcoin trading on Solana with a completely permissionless zBTC asset.
- Zeus Network intends to expand BTCFi by integrating Dogecoin, Litecoin, and Kaspa into the Solana DeFi ecosystem.
Zeus Network launched APOLLO, the first on-chain Bitcoin exchange on Solana, representing a breakthrough in Bitcoin Finance (BTCFi). The decentralized application brings forth zBTC, an on-chain, permissionless Bitcoin asset intended to integrate Bitcoin liquidity into Solana’s DeFi seamlessly. Through APOLLO, Bitcoin users can access decentralized finance without dependence on centralized wrapped solutions, ensuring increased security, transparency, and flexibility.
The introduction of APOLLO and zBTC innovates Bitcoin liquidity management by enabling users to lock native BTC and mint zBTC on Solana in a 1:1 ratio. Unlike traditional wrapped Bitcoin solutions that rely on centralized custodians, APOLLO offers a trustless experience without custodial issues or KYC processes. This decentralized strategy has already made an impact. The platform has minted 50 zBTC before launch. It has also processed more than $40 million in on-chain volume during private mainnet testing.
The introduction of APOLLO opens up BTCFi on Solana, giving Bitcoin owners access to every kind of new DeFi experience. zBTC can now be swapped on Jupiter, borrowed against on Raydium, HawkFi, and Meteora, and accessed with advanced yield optimization strategies through Drift and Neutral Trade. The flexibility of zBTC allows users to use their holdings without surrendering ownership of their assets in a secure, non-custodial environment.
Unlocking Bitcoin’s Full Potential in Solana’s DeFi Universe
To further support transparency, Zeus Network has also launched ZeusScan, a tailor-made Proof of Reserves solution that makes every Bitcoin transaction entirely auditable. The inclusion of this feature provides a further level of assurance to the trustlessness of the architecture of APOLLO and offers users more assurance in the security of assets. By embracing transparency as its guiding principle, Zeus Network is creating a new standard in decentralized Bitcoin finance.
Through the coming months, Zeus Network will continue to add liquidity to Bitcoin by simplifying interconversions between zBTC, cbBTC, and wBTC with native Bitcoin withdrawals support to follow.That modular structure will improve market efficiency and offer users greater choice in managing Bitcoin between protocols. Zeus Network is also adding support for other UTXO-based tokens like Dogecoin, Litecoin, and Kaspa, which expands the BTCFi ecosystem on Solana.
Zeus Network’s multi-chain framework is powered by the Solana Virtual Machine (SVM). It supports permissionless cross-chain interaction between Bitcoin and other blockchain protocols. With the launch of liquidity from significant blockchains, Zeus Network is building an unprecedented, secure, and scalable cross-chain platform. This platform enhances holders’ access to Bitcoin. Zeus is pushing innovation further. As a result, increasingly more Bitcoin-native dApps will launch on Solana. This development cements Solana’s position as a decentralized finance leader.
With APOLLO live, Bitcoin owners now have more options than ever to put their holdings to work in the expanding DeFi world. The integration of Bitcoin liquidity into the Solana ecosystem with ease is a technical achievement. It is also a move toward a decentralized, more efficient financial future.
