Zeus Network announces the launch of Apollo, the first fully confidential and decentralized Bitcoin exchange on Solana.
Zeus, a multi-chain layer built on the Solana virtual machine, also announces the introduction of ZBTC, a permissionless Bitcoin (BTC) assets from the network.
The milestone marks an important step forward for Bitcoin Finance (also known as BTCFI), a growing sector that wants to integrate the liquidity and security of Bitcoin with modern decentralized financing. BTCFI gives Bitcoin holders access to opportunities, liquidity pools and advanced trade strategies.
Until now, most Bitcoin -decentralized financial user cases were dependent on packed assets managed by centralized entities. ZBTC changes this by offering a direct, non-right bridge from Native Bitcoin to Solana (SOL).
With Apollo, users can lock native BTC and MintC ZBTC at a 1: 1 ratio, while they have access to liquidity on chains in a non-complainant, KYC-free environment. During his private ministizing paste, Apollo noted more than $ 40 million in volume and 50 ZBTC was on it.
Unlock cross-chain defi
ZBTC is designed to be integrated into the best Defi protocols from Solana. Holders can exchange on Jupiter, offer liquidity through Raydium, Meteora and Hawkfi, and soon use efficiency optimization tasks through drift and neutral trade.
Zeus Network also offers ZeusScan, a special built proof of reserves tool that offers on-chain verification of BTC support-which has complete transparency for users.
Roadmap: Exchange, Borrow and more
Apollo will soon allow Swaps between ZBTC, CBBTC and WBTC, with withdrawal back to Native BTC. Functions such as borrowing and borrowing through Drift and SAV finance, as well as support for other UTXO assets such as Doge, LTC and KAS, are also planned.
Zeus Network’s ultimate vision is to expand BTCFI on Solana, making Bitcoin a fully integrated, yield-bearing asset is over a modular, decentralized infrastructure.
