Permissionless Bitcoin on Solana: Zeus Network Launches APOLLO Platform and zBTC

  • Zeus Network launches APOLLO, a permissionless Bitcoin exchange on Solana, set to go live on March 27, 2025, introducing zBTC as a 1:1 Bitcoin-pegged asset for decentralized liquidity.
  • APOLLO enables seamless Bitcoin-to-Solana transfers, addressing inefficiencies and transparency issues of traditional wrapped Bitcoin solutions, with $40M+ in pre-launch transaction volume.
  • Key features include:
    • zBTC integration: Mint zBTC by locking Bitcoin, usable across Solana’s DeFi ecosystem (e.g., trading on Jupiter, liquidity provision on Raydium).
    • Decentralized & anonymous: No KYC, avoiding centralized risks, with transparent reserves verified via ZeusScan’s Bitcoin-chain PoR system.
    • Upcoming services: Lending (Drift, Save Finance) and vault strategies (Neutral Trade).
  • Future plans include expanding to UTXO-based assets (DOGE, LTC) and institutional liquidity partnerships via Zeus Program Library (ZPL).
  • APOLLO aims to redefine BTCFi (Bitcoin Finance) by enhancing Bitcoin’s utility in DeFi while prioritizing security and cross-chain interoperability.
Summary

Permissionless 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 the Bitcoin and Solana networks. This marks a new chapter in the field of Bitcoin Finance (BTCFi), providing Bitcoin holders with a modern, decentralized way to use it. Over the past 15 years, Bitcoin has been committed to the goal of achieving a peer-to-peer electronic cash system. However, due to its inefficiency and limited programmability, many institutions can only provide wrapped versions of Bitcoin, which not only undermines asset transparency but also affects the privacy of holders.

APOLLO Mainnet v1 and zBTC: Permissionless Bitcoin Liquidity on Solana

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

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

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

Permissionless Bitcoin on Solana: Zeus Network Launches APOLLO Platform and zBTC

Building BTCFi on Solana

BTCFi (Bitcoin Finance) refers to a portfolio of decentralized financial services and applications that leverage the security and liquidity of Bitcoin. Traditionally, Bitcoin holders have relied on centralized wrapped Bitcoin solutions, facing challenges and risks in areas such as transparency. Therefore, zBTC offers a revolutionary alternative - a permissionless 1:1 Bitcoin-pegged asset running on Solana.

With APOLLO’s public launch on March 27, 2025, all traders can lock Bitcoin to mint zBTC and withdraw native Bitcoin at any time. APOLLO integrates zBTC into Solana’s DeFi ecosystem, which will increase Bitcoin liquidity and promote the development of BTCFi. In addition, users can use zBTC to execute various DeFi strategies on Solana. As zBTC’s integration in various protocols expands, opportunities for Bitcoin holders and liquidity providers will also increase.

Use cases for APOLLO and zBTC:

  • Trading – Swapping zBTC on Jupiter
  • Providing Liquidity – Providing liquidity on Meteora, HawkFi and Raydium
  • Lending Services (coming soon) – Borrow zBTC or lend 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 KYC certification like centralized cross-chain bridges or wrapped Bitcoin issuers, while avoiding the risk of assets being frozen or controlled. In addition, ZeusScan , a proof of reserve (PoR) system on the Bitcoin chain, 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 - minting zBTC, exchanging cbBTC or wBTC, and withdrawing any version back to native BTC. These functional goals will validate the market demand for APOLLO through its ability to efficiently manage Bitcoin liquidity. With the public launch of APOLLO Mainnet v1 and zBTC, Zeus Network has not only redefined the role of Bitcoin in DeFi, but also driven financial innovation into a new era.

Zeus Ecosystem Future Roadmap

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 Bitcoin decentralized applications (dApps) based on Solana will be launched soon.

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Author: 项目动态

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

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