With the launch of APOLLO and zBTC, Zeus Network offers Bitcoin holders the chance to engage their assets in Solana’s DeFi system without depending on centralized versions.
A New Era for Bitcoin on Solana
Zeus Network has unveiled APOLLO, the first trustless Bitcoin exchange on the Solana blockchain, enabling BTC holders to bring their coins into Solana's DeFi ecosystem. This marks a significant step for Bitcoin Finance (BTCFi) on Solana.
How It Works: APOLLO and zBTC
Unlike traditional wrapped Bitcoins, APOLLO allows users to lock their BTC and mint zBTC on a 1:1 basis entirely on-chain. This removes the need for intermediaries and KYC procedures. Before its official launch, APOLLO saw over $40 million in volume with 50 zBTC successfully minted.
The Future of Decentralized Finance on Solana
Looking ahead, Zeus plans to enhance APOLLO, supporting swaps between zBTC, cbBTC, and wBTC, and introducing borrowing and lending through Drift and Save Finance. The platform also aims to integrate Litecoin, Dogecoin, and Kaspa to boost liquidity on Solana.
APOLLO and zBTC position Solana as a key platform for decentralized Bitcoin finance, offering BTC holders new ways to leverage assets and expand DeFi opportunities.
