Introduction to Zeus Network
Introduction
The native, permissionless communication layer (interchain) on Solana and Bitcoin. As a pioneer in interoperability, Zeus Network facilitates dynamic and secure composability, fostering a decentralized ecosystem for efficient user and liquidity interaction. Explore the future of blockchain connectivity with Zeus Network.
An Important Puzzle to Solana and Bitcoin
Zeus Network serves as a permissionless layer, Zeus Network leverages the formidable strengths of both Solana and Bitcoin. Solana contributes its lightning-fast transaction capabilities and scalability, while Bitcoin provides a solid foundation of security, trust, and liquidity.
Build on Zeus Network
As a developer, you can build on Zeus Network to create a diverse range of applications and services between Solana and Bitcoin. The permissionless nature of the platform means that there is no barrier to entering, allowing developers to seamlessly tap into the strengths of Solana and Bitcoin without restrictions. This unique combination opens a world of possibilities, from high-performance decentralized applications to efficient and secure financial services.
In the future, you join a community at the forefront of innovation by choosing Zeus Network as your development environment. The communication layer is designed to empower developers, providing the tools and infrastructure needed to bring their ideas to life. Whether you’re interested in decentralized finance, gaming, or any other application, Zeus Network offers a versatile and powerful foundation for your projects.
Zeus Network Ecosystem with Infinite Possibilities
- Native Stake / Wrap Bitcoin with Solana Yield (Chapter Apollo)
- Liquidity Tranche of Bribery System (Chapter Artemis)
- Native Bitcoin Collateralized Stablecoin
- Native & CrossChain NFT tools
- Native & Borrow / Lending between all Bitcoin layers and Solana
- Many more for the founder/developer to discover and explore
Chapter Apollo: Unleash BTC Liquidity to Solana
Overview
The goal of the Apollo communication protocol is to unleash BTC liquidity to Solana by issuing 1:1 Pegged zBTC. We aim to achieve it by implementing an on-chain BTC multi-sig wallet on SVM (Solana Virtual Machine) which is controlled by a staked committee of verifiers.
We are NOT a Bridge
The liquidity provider on chain A DOES NOT get its liquidity back on chain B. Asset is locked and protected by the protocol.
Purpose
Cross-chain interoperability and liquidity are crucial aspects between two blockchains — Solana and Bitcoin.
- Expand Ecosystem: Enables Solana and Bitcoin to communicate and interact with each other. This allows for creating a more extensive and interconnected ecosystem where assets and information can seamlessly move across various chains.
- Liquidity Efficient Markets: Enhances the efficiency of markets. Higher liquidity generally leads to lower bid-ask spreads, reducing trading costs and making markets more attractive to participants.
- Innovation and Collaboration: Encourages collaboration and innovation. When different blockchain projects can work together, developers have more opportunities to build on existing technologies and create novel solutions.
- Increased Adoption: Promotes wider adoption of blockchain technology. As Solana and Bitcoin become interoperable, businesses and users are more likely to adopt blockchain solutions, knowing that they can interact with other networks.
How to participate?
As Liquidity Providers
BTC holders are incentivized to provide their BTC to earn a share of protocol fees.
As a Committee of Verifiers
Several entities that stake a sufficient amount of SOL are selected as verifiers. These verifiers form a committee that is responsible for securing the communication layer and making sure everything works smoothly. Also, once verifiers violate the protocol, they will be slashed.
To be more specific, verifiers manage:
- Hot / Cold Reserve BTC
- Locked / Circulated zBTC
As Borrowers
Minted zBTC (1-to-1 pegged BTC on Solana) will be deposited to a few lending protocols on Solana. Borrowers such as Dex, DeFi protocols, and retailers could then utilize the unleashed BTC liquidity to build their financial applications.
As Community / Olympians
Dear Olympians, this article has been edited to comply with the policy of cryptocurrency on Medium, it may not be the same version as you read before.
Connect with Zeus ⛈️ ⛈️
- Website: https://zeusnetwork.xyz/
- Litepaper: https://go.zeusnetwork.xyz/zeus-doc
- Twitter: https://go.zeusnetwork.xyz/zeus-twitter
- Discord: https://go.zeusnetwork.xyz/join-discord
- Zealy: https://go.zeusnetwork.xyz/zealy
