New York, New York, August 12th, 2024, Chainwire
Zeus Network announced the launch of its first dApp APOLLO, built on top of Zeus Program Library (ZPL) and marking the final Testnet to integrate liquidity with the ecosystem. In just 72 hours, the testnet has seen over 15,000 wallets connected since its launch on August 8th, demonstrating high engagement from the crypto community.
The APOLLO testnet aims to place Bitcoin into an optimized DeFi utilization on Solana, allowing the conversion of Bitcoin into zBTC, a token native to Solana. This testnet launch advances the utility of Bitcoin in decentralized finance and innovation within the Solana network. Building up to a forthcoming ZEUS token utility and staking program, the launch of APOLLO is a part of Zeus Network’s larger goal to integrate Bitcoin liquidity seamlessly into Solana.
The testnet has progressed through several phases, with the initial testnet launched six months prior with 4,000 users and growing to a broader testnets that saw engagement from over 70,000 participants. The current and final testnet is anticipated to involve over 100,000 participants, reflecting growing interest and confidence in the project.
APOLLO allows users to claim test Bitcoin (tBTC), deposit it on the APOLLO platform for conversion to zBTC, and withdraw zBTC back to the Bitcoin blockchain. The testnet supports various wallet connections, including Muses Wallet (a Bitcoin wallet provided by Zeus Network available exclusively for APOLLO Testnet), Solana Wallet, and Bitcoin Devnet Wallet. It also includes programs such as the Two-way Peg Program and zBTC Minting Program, with ongoing developments in liquidity management.
In conjunction with the testnet, Zeus Network has launched the testnet point system on Galxe titled “Prophecy of Light.” Participants can earn Galxe Loyalty Points by engaging with the testnet, which can be redeemed for future rewards on the APOLLO mainnet.
For more information and to participate in the APOLLO Final Testnet, visit APOLLO Testnet and join the Galxe campaign.
About Zeus Network
Zeus Network transforms blockchain interaction by providing an interoperable solution for the Solana ecosystem. Powered by Solana Virtual Machine (SVM), Zeus Network empowers Zeus Nodes to ensure robust security and seamless data exchange. This initiative clears the path for Solana to become the premier hub for all ecosystems, captivating millions of users across diverse blockchains.
Facilitating interoperable communication among cross-chain dApps, Zeus Network empowers liquidity and complex applications to seamlessly engage with Solana in a decentralized and permissionless environment, making it accessible to everyone.
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ContactHead of CommunicationFranck KUO[email protected]
This article was originally published on Chainwire
