Introducing the Apollo dApp: Connecting Bitcoin and Solana on the Zeus Network
The Zeus Network has a mission to simplify communication between blockchains, and they are taking a big step towards achieving that goal with the launch of their Apollo dAppโs testnet. The Apollo dApp aims to bring together two prominent cryptocurrencies, Bitcoin and Solana, by offering a permissionless wrapper for Bitcoin on the Solana blockchain.
About Apollo
Apollo is the first app developed by the Zeus Network. The team behind this project aims to leverage Bitcoinโs liquidity and integrate it into the Solana ecosystem. The Apollo dApp acts as a bridge, allowing users to stake their Bitcoin on Solana using the $zBTC token.
- The $zBTC token is pegged 1:1 with Bitcoin, meaning that each $zBTC represents an equivalent amount of Bitcoin.
This initiative addresses two key aspects:
- There is a significant amount of idle BTC in circulation, and Apollo provides an opportunity to put these funds to work.
- Solana benefits from increased liquidity within its ecosystem.
TestNet Begins Today
The testnet for Apolloโs dApp is now live, and anyone can participate in this testing phase. As an Alpha tester, you have the opportunity to earn rewards by helping the team identify and address any issues or bugs in the application.
To get started with the testnet:
- Visit the Apollo Testnet website.
- Connect your wallet. Although any Solana-compatible wallet should work, it is recommended to use the Phantom Wallet for native integration.
- Sign and confirm your Solana wallet.
- Claim your testnet wrapped BTC ($tBTC), which is the test version of the wrapped BTC that will be used on the app.
- Deposit your $tBTC into the Apollo dApp.
Once the mainnet is live, the Zeus Networkโs wrapped Bitcoin, represented by $zBTC, will function as a liquid staking token for Bitcoin. This means that you can utilize $zBTC on platforms like Solend or Kamino Finance to earn yield on your Bitcoin holdings.
The team has plans to introduce additional integrations and features in the future. However, this initial testnet phase allows users to experience the basic functionality of the Apollo dApp and provide valuable feedback for further improvements.
Hot Take: Explore New Possibilities with Apollo
The launch of Apolloโs testnet marks an important milestone in achieving seamless communication between different blockchains. By enabling Bitcoin staking on Solana, this project offers users new opportunities to maximize their assets and participate in the growing Solana ecosystem.
If you are interested in earning yield on your Bitcoin or exploring Solanaโs capabilities, donโt miss out on this chance to join the Apollo testnet. Help shape the future of cross-chain communication and be part of a groundbreaking development in the crypto space!
Sources:
Apollo Testnet,
Full Directions
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