Zeus Network has launched APOLLO, the first fully trustless Bitcoin exchange on Solana, alongside zBTC, a permissionless Bitcoin asset native to Solana.
The solution eliminates reliance on centralized custodians by offering a trustless, non-custodial environment where users can lock native Bitcoin and mint zBTC at a 1:1 ratio directly on Solana. This ensures full decentralization without requiring Know Your Customer (KYC) protocols or custodial risks.
It had also registered significant traction, recording over $40 million in on-chain volume, and had successfully minted 50 zBTC tokens during its private mainnet phase.
zBTC Unlocks Solana’s DeFi Ecosystem
zBTC enables Bitcoin holders to participate in advanced financial strategies previously inaccessible in Solana’s DeFi ecosystem. With zBTC, users can trade on well-known sites like Jupiter, offer liquidity using protocols including Raydium, Meteora, and HawkFi, and investigate yield optimization vaults on Drift and Neutral Trade.
The project is part of Zeus Network’s larger vision for Bitcoin Finance, which seeks to improve DeFi infrastructure using Bitcoin’s unmatched liquidity and security. It aims to maintain the integrity of Bitcoin holdings while unlocking new use cases such as lending, borrowing, yield farming, and liquidity provisioning.
Transparency and Cross-Chain Liquidity
To guarantee user confidence in its decentralized architecture, Zeus Network has launched ZeusScan, a custom-built Proof of Reserves tool offering on-chain validation of BTC backing for zBTC.
Every coined zBTC is guaranteed to be completely collateralized by locked native BTC. This strengthens user confidence and establishes a new benchmark for distributed asset management.
Moreover, Zeus Network intends to further increase flexibility in the future by allowing swaps between zBTC, cbBTC (Compound Bitcoin), and wBTC (Wrapped Bitcoin), enabling withdrawals back to native BTC. This would allow consumers more control over their assets and potentially improve market efficiency.
The network also intends to expand its cross-chain liquidity pool by integrating with other UTXO-based assets such as Dogecoin (DOGE), Litecoin (LTC), and Kaspa (KAS), thereby diversifying its offerings.
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