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Licensed Bitcoin on Solana: Zeus Network launches APOLLO platform and zBTC

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Reprinted from panewslab

03/27/2025·1M

Licensed Bitcoin on Solana: Zeus Network launches APOLLO platform and
zBTC

Zeus Network has developed a permissionless framework that enables the free flow of Bitcoin between Bitcoin and Solana networks. This marks a new chapter in the field of Bitcoin Finance (BTCFi), providing Bitcoin holders with a modern and decentralized way to use it. For the past 15 years, Bitcoin has been committed to achieving the goal of a peer-to-peer electronic cash system. However, due to its inefficiency and limited programmability, many institutions can only offer packaged versions of Bitcoin, which not only hurts asset transparency but also affects holder privacy.

APOLLO Mainnet v1 vs. zBTC: Licenseless Bitcoin Liquidity on Solana

As the flagship decentralized application of the Zeus ecosystem, APOLLO will be officially launched on March 27, 2025, becoming the first Bitcoin on-chain exchange on Solana. The platform launched the first licenseless Bitcoin zBTC on Solana, redefining cross-chain Bitcoin liquidity and opening new opportunities for the BTCFi sector on Solana.

Prior to its official launch, APOLLO has shown strong adoption rates, with on-chain transaction volumes of over $40 million and minted 50 zBTC on Solana. These achievements highlight APOLLO's ability to break through the limitations of traditional packaging Bitcoin solutions, providing users with a transparent, secure and trustless platform to introduce Bitcoin liquidity into the Solana ecosystem.

APOLLO has now opened cross-chain liquidity services between Bitcoin and Solana to the public.

Licensed Bitcoin on Solana: Zeus Network launches APOLLO platform and
zBTC

Build BTCFi on Solana

BTCFi (Bitcoin Finance) refers to a combination of decentralized financial services and applications that utilize Bitcoin security and liquidity. Traditionally, Bitcoin holders rely on centralized packaging Bitcoin solutions to face challenges and risks in terms of transparency. Therefore, zBTC provides a revolutionary alternative – a licenseless 1:1 Bitcoin anchor asset running on Solana.

With APOLLO open on March 27, 2025, all traders can lock in Bitcoin to mint zBTC and withdraw native Bitcoin at any time. APOLLO integrates zBTC into Solana's DeFi ecosystem, which will boost Bitcoin liquidity and drive BTCFi. In addition, users can use zBTC to execute various DeFi policies on Solana. As zBTC's integration scope expands in various protocols, opportunities for Bitcoin holders and liquidity providers will also increase.

Use scenarios of APOLLO and zBTC:

  • Transaction – Exchange zBTC on Jupiter
  • Providing liquidity – Providing liquidity on Meteora, HawkFi and Raydium
  • Lending Services (coming soon) – Borrow zBTC or USDC on Drift and Save Finance
  • Vault Strategy (coming soon) – Deposit zBTC on Drift and Neutral Trade

APOLLO: Bitcoin on-chain exchange

APOLLO provides a fully decentralized environment where users can maintain anonymity without the need to perform KYC certification like a centralized cross-chain bridge or a packaged bitcoin issuer, while avoiding the risk of assets being frozen or under control. In addition, ZeusScan, which serves as a Bitcoin Proof of Chain Reserve (PoR) system, ensures that every transaction is fully traceable, further strengthening Zeus Network and APOLLO’s commitment to security and transparency.

APOLLO users will soon be able to customize their BTC experience – cast zBTC, redeem cbBTC or wBTC, and extract any version back to native BTC. These functional goals will validate APOLLO's market demand through its ability to efficiently manage Bitcoin liquidity. With the public release of APOLLO mainnet v1 and zBTC, Zeus Network not only redefines the role of Bitcoin in DeFi, but also promotes financial innovation to a new era.

The future roadmap of Zeus ecosystem

Zeus Network will continue to consolidate its position as a multi-chain layer, planning to integrate UTXO-based assets (DOGE, LTC, KAS) on Solana, introduce important institutional liquidity partners, and enhance ZPL assets to improve liquidity coverage. More Solana-based Bitcoin decentralized applications (dApps) will be launched soon.

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