APOLLO Mainnet v1.5: cbBTC <> BTC Permissionless Swap

APOLLO has shown significant growth since the mainnet launch on March 27th, with Bitcoin minted as zBTC on Solana increasing by 126%. We are now excited to announce the next phase: Enabling permissionless withdrawal of cbBTC (Coinbase BTC).

New Feature: cbBTC Permissionless Withdrawal

Unlike the centralized wrapping process of cbBTC, zBTC (Zeus Network Bitcoin) leverages the permissionless framework of Zeus Network to peg with native Bitcoin without requiring users to go through a KYC process.

How to Withdraw cbBTC to BTC

1. Go to the BTC Portal Page and select the Withdraw tab.
2. Enter the cbBTC withdrawal amount.
3. Choose a Bitcoin account or connect a Bitcoin wallet.
4. Click the Withdraw button.
5. Confirm your Bitcoin withdrawal address
6. Click the Confirm button.

New Feature: BTC Swap

Swap enables you to exchange $zBTC for other assets on Solana through Jupiter. Supported assets include $cbBTC, $WBTC, $SOL, $ZEUS, $USDC, and $USDT.

How to Swap Tokens on APOLLO

1. Go to the Swap Page
2. Choose the token pairs
3. Enter the amount you want to swap
4. Review the transaction details and click Swap

Future Development

The upcoming Mainnet v2 promises an even faster and more seamless Bitcoin experience, aiming to reduce deposit and withdrawal times by 90%. With the v1.5 upgrade, Bitcoin has become more accessible than ever before.