APOLLO debuts as Solana’s first trustless Bitcoin exchange via Zeus Network

APOLLO debuts as Solana’s first trustless Bitcoin exchange via Zeus Network


Zeus Network announces the launch of Apollo, the first Bitcoin entirely without confidence and decentralized on Solana.

Zeus, a multi-chain layer built on the Solana virtual machine, also announces the introduction of ZBTC, a bitcoin without authorization (BTC) Asset from the network.

The milestone marks a major step for the Bitcoin finance (also known as BTCFI), an increasing sector which aims to integrate the liquidity and safety of Bitcoin with modern decentralized finance. BTCFI gives Bitcoin holders access to performance opportunities, liquidity pools and advanced trading strategies.

So far, most bitcoin Decentralized finance The use cases depended on the enveloped assets managed by centralized entities. ZBTC modifies this by offering a direct bridge and not a native Bitcoin Guardian in Solana (GROUND).

With Apollo, users can lock the native BTC and ZBTC mint to a 1: 1 ratio while having access to liquidity on a non -gastronomic environment and without KYC. During its private main phase, Apollo noted more than $ 40 million in volume and he hit 50 ZBTC.

Unlocking the Crossed Chain DEFI

ZBTC is designed to be integrated into the main Solana challenge protocols. The holders can discuss Jupiter, provide liquidity via Raydium, Meteora and Hawkfi, and quickly bypass the vaults of optimization of yield by the trade in drift and neutral trade.

Zeus Network also offers Zeusscan, a specially designed reserve proof tool that provides chain check of BTC support – Total transparency for users.

Roadmap: exchange, loan and more

Apollo will soon allow exchanges between ZBTC, CBBTC and WBTC, with return to the native BTC. Features such as loan and loans via Drift and Save Finance, as well as the management of other UTXO assets such as Doge, LTC and KAS, are also planned.

The ultimate vision of Zeus Network is to extend the BTCFI to Solana, transforming Bitcoin into an entirely integrated asset and has through a modular and decentralized infrastructure.



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