Zeus Network has announced the launch of a new feature, btcSOL, which allows Solana users to earn Bitcoin without relying on intermediaries or trading. The service is set to launch on July 17.
What is btcSOL and How Does it Work?
btcSOL serves as a yield converter that automatically rewards staking SOL or liquid staking tokens. When users invest in btcSOL, their capital is deployed into automated yield strategies, and the earnings are converted into zBTC, which users receive daily.
Innovations and Benefits of btcSOL
The system zBTC maintains a 1:1 peg to the original Bitcoin through decentralized mechanisms, allowing users to exchange it for native Bitcoin without undergoing KYC. This solution avoids the centralized control characteristic of wrapped Bitcoin solutions like WBTC.
Zeus Network's Future Plans
To incentivize early adoption, Zeus Network has capped the number of slots for btcSOL at 75,000 and linked the launch to a marketing campaign, offering a 200% rewards multiplier and a raffle for Los Angeles Lakers game tickets.
With the launch of btcSOL, Zeus Network offers Solana users a unique opportunity to earn Bitcoin without the need for intermediaries. This could transform the dynamics of interaction between Bitcoin and high-speed blockchains like Solana.
