The Zeus Network’s bridging protocol, APOLLO, will enable Bitcoin holders to interact with the Solana DeFi ecosystem
Zeus Network has recently announced the upcoming launch of its much-anticipated Zeus Program Library (ZPL) by the third quarter of 2024. This innovative development is set to integrate the Solana (SOL) and Bitcoin (BTC) ecosystems seamlessly, enabling developers to incorporate Solana support into decentralized applications.
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Empower your native Bitcoin asset with ZPL, making it fast and seamless on Solana ⛈️
The Zeus Program Library (ZPL) is a set of programs that revolutionize how you engage with Bitcoin assets on Solana, seamlessly introducing assets like $BTC, Runes, and Ordinals as… pic.twitter.com/ZoOfjmzUPE
— Zeus Network 🟧⛈️🟣 (MUSES) (@ZeusNetworkHQ) May 1, 2024
“With a market cap of approximately 1.2 trillion dollars and over 11,000 Runes generating over $135 million in fees within the first week on the Bitcoin blockchain, the potential for value transfer is immense,” Zeus said on Medium.
This demonstrates the significant activity and financial participation inside the Bitcoin ecosystem, which ZPL intends to tap upon.
The Zeus Network is designed to support versatile digital interactions, from DeFi to GameFi and SocialFi on the Solana blockchain. These assets can be either fungible or non-fungible, providing flexibility and ease of use for a variety of use cases. Unlike Bitcoin, which has structural limitations that make it difficult to implement these types of interactions, Solana’s advanced technology helps unlock the full potential of ZPL-Assets.
Enabliing Solana-Bitcoin Interoperability
The Zeus Network’s bridging protocol, APOLLO, enables users to seamlessly deposit Bitcoin and receive ZPL-wrapped Bitcoin (zBTC) tokens in return. These tokens can be conveniently utilized across a wide range of platforms within the Solana ecosystem, such as decentralized exchanges, NFT marketplaces, lending, borrowing, and gaming sectors. With this integration, users can enjoy greater flexibility and convenience in managing their digital assets.
Zeus Network has some exciting plans for the future of ZPL-supported assets on Solana. The upcoming are the highly anticipated Bitcoin Runes and Ordinals, which are set to be introduced as zRuneX and zOrdX, respectively. These additions are expected to enhance flexibility and utility for digital assets across both blockchain networks.
Additionally, Zeus Network plans to enable Bitcoin staking on its Apollo mainnet within the same timeframe. This development aims to boost the potential of digital assets, providing investors with even more opportunities to reap the benefits of the expanding blockchain ecosystem.
