Zeus Network's Apollo Testnet Goes Live, Paving the Way for Bitcoin Integration on Solana

The Zeus Network aims to streamline blockchain communication, launching its first dApp, Apollo, in testnet form today. Apollo facilitates the integration of Bitcoin and Solana, enabling Bitcoin staking on Solana through its $zBTC token. By bridging the gap between these networks, the Apollo testnet provides an opportunity for users to participate in the Alpha testing and earn rewards.

Zeus Network's Apollo dApp Launches Testnet, Facilitating Bitcoin Integration on Solana

April 12, 2023

The Zeus Network, a blockchain interoperability platform, has announced the launch of its Apollo dApp testnet today. Apollo is designed to bridge the gap between Bitcoin and Solana, enabling users to stake Bitcoin on Solana through the $zBTC token, a 2-way pegged token with Bitcoin on a 1:1 ratio.

The Apollo dApp

Apollo aims to tap into Bitcoin's vast liquidity and bring it onto the Solana blockchain. The dApp acts as a "permissionless wrapper" for Bitcoin, allowing users to stake their Bitcoin on Solana and earn yield.

Testnet Launch

The Apollo testnet is now live, offering users the opportunity to test the dApp's functionality and earn rewards for participating in the Alpha testing phase. To participate, users can visit the Apollo Testnet website and follow the provided instructions.

Key Features

Participants in the testnet can perform the following actions:

• Connect their Solana wallet to the Apollo Testnet.
• Claim $tBTC, the testnet version of the wrapped Bitcoin token.
• Deposit $tBTC.

Future Integrations

In the future, the mainnet version of the Zeus Network will enable users to use wrapped Bitcoin or $zBTC as a liquid staking token for Bitcoin. This will allow users to earn yield on their Bitcoin on platforms such as Solend or Kamino Finance.

Significance of the Apollo dApp

The Apollo dApp represents a significant step towards bridging the gap between Bitcoin and Solana. By allowing users to stake Bitcoin on Solana, Apollo opens up new possibilities for the use of Bitcoin within the Solana ecosystem, potentially unlocking billions of dollars in idle Bitcoin liquidity.

About Zeus Network

Zeus Network is a blockchain interoperability platform that aims to simplify the communication between blockchains. Its goal is to enable the seamless flow of assets and data between different blockchains, without the complexity of bridging.

Conclusion

The launch of Apollo's testnet marks a promising development in the realm of blockchain interoperability. As the testnet progresses, it will provide valuable insights into the potential of the Apollo dApp and its ability to connect Bitcoin and Solana, paving the way for a more interconnected and efficient blockchain ecosystem.