Zeus Network Introduces APOLLO and zBTC, Pioneering Trustless Bitcoin On-Chain Exchange on Solana

SVM-based multi-chain platform, Zeus Network The network has made a significant announcement with the launch of APOLLO, a decentralized application heralding the first on-chain Bitcoin exchange built directly on the blockchain. Solana In addition to APOLLO, the network introduces zBTC, the first entirely permissionless Bitcoin asset on the Solana network. This innovation allows Bitcoin holders to enter Solana's thriving DeFi landscape while unlocking cross-chain Bitcoin liquidity, moving away from reliance on centralized wrapped solutions.

APOLLO allows users to securely lock in native BTC and mint zBTC at a 1:1 ratio right on the Solana blockchain, thereby boosting Bitcoin liquidity in a decentralized, non-custodial environment. In contrast to traditional wrapped Bitcoin schemes that require centralized custodians and intricate processes, APOLLO and zBTC provide a reliable and open experience, with no Know Your Customer (KYC) hurdles or custodial risks involved. During its private mainnet phase, the platform recorded remarkable activity, with over $40 million in on-chain volume and the successful minting of 50 zBTC before its official debut.

The launch of APOLLO signifies the dawn of Bitcoin Finance, or BTCFi, on Solana, offering a variety of decentralized financial services that leverage Bitcoin’s liquidity and security while seamlessly integrating with Solana’s DeFi framework. With zBTC, Bitcoin holders can now dive into numerous DeFi activities on Solana, such as trading on Jupiter, supplying liquidity on platforms like Meteora, HawkFi, and Raydium, and engaging in yield optimization techniques through vaults such as Drift and Neutral Trade, which are on the verge of launching.

Additionally, Zeus Network The system guarantees full transparency through its custom-crafted Proof of Reserves system, ZeusScan, which allows for on-chain monitoring of Bitcoin reserves. This feature ensures that each BTC transaction remains entirely auditable, reinforcing user trust and supporting the integrity of APOLLO's trustless infrastructure.

Zeus Network Reveals Ambitious Plans to Boost Bitcoin Liquidity Modularity and Foster Partnerships

In the upcoming months, Zeus Network aims to initiate enhanced features that will further refine the modularity of Bitcoin liquidity. APOLLO will be updated to allow users to swap zBTC, cbBTC, and wBTC seamlessly, as well as withdraw any of these versions back to their native Bitcoin. This functionality is designed to simplify the management of Bitcoin holdings across various protocols and formats, providing users with greater flexibility and control. The modular system aims to promote market efficiency by offering a broader array of choices and convenience. Additionally, users will have the chance to engage in borrowing and lending activities on platforms like Drift and Save Finance, with even more services anticipated to follow.

Zeus Network’s future initiatives also include the expansion of institutional liquidity partnerships and the integration of additional UTXO-based assets like DOGE, LTC, and KAS. Furthermore, the network is planning to evolve ZPL-assets to improve liquidity coverage. The launch of more Bitcoin-native applications on Solana is on the horizon, as Zeus Network forges ahead in advancing BTCFi on the platform. Solana blockchain .