APOLLO Mainnet v1 is Officially Live — Revolutionizing Bitcoin Liquidity on Solana
Today, we’re thrilled to announce the launch of APOLLO Mainnet v1, the Bitcoin liquidity terminal on Solana. This milestone introduces zBTC, a permissionless Bitcoin asset redefining how Bitcoin liquidity empowers decentralized finance.
Mission: Unlocking Bitcoin’s Potential on Solana
As the first dApp on Zeus Network, APOLLO transforms Bitcoin into a yield-generating asset using the Zeus Program Library (ZPL). By building a robust foundation for Bitcoin liquidity on Solana, APOLLO empowers holders to unlock utility and sustainable yield within DeFi, redefining Bitcoin’s role in Solana’s ecosystem.
The journey to liquidity optimization is mapped out through strategic phases:
- Phase 1: Limited whitelist access to ensure enhanced security and network stability during initial deployment.
- Phase 2: Public rollout to broaden zBTC adoption, unlocking new opportunities for DeFi innovation and utility expansion.
zBTC: The First Permissionless Bitcoin on Solana
At the heart of APOLLO is zBTC, a permissionless Bitcoin asset that transforms Bitcoin into an interoperable tool for diverse yield opportunities.
On December 30, 2024, APOLLO successfully minted the first batch of zBTC, marking the beginning of trustless cross-chain Bitcoin liquidity applications on Solana.
Why zBTC Stands Out:
- Peg 1:1 with Native Bitcoin: Maintains a secure 1:1 peg with Bitcoin through a trustless two-way peg system.
- Permissionless / No KYC: Eliminates reliance on centralized entities, removes KYC barriers, and ensures uninterrupted access to assets with a permissionless experience.
- Sustainable on-chain Yield: Unlocks on-chain yield opportunities in staking, lending, liquidity providing, and more within Solana’s DeFi ecosystem.
The Road Ahead: Expanding Bitcoin Liquidity and Adoption
The journey begins with the NEXUS Stage — stability first, scalability next. APOLLO sets the foundation for Bitcoin liquidity on Solana, starting with BTC-to-zBTC interoperability to establish stability, enabling zBTC to drive seamless liquidity and adoption.
Phase 1 focuses on security and efficiency. Phase 2 expands public access, integrating zBTC into Solana’s ecosystem to drive liquidity and adoption.
𖤓 NEXUS Stage
// Phase 1: Establishing Stability
Aligned with Epoch 1 on Zeus Network, Phase 1 ensures BTC-to-zBTC interoperability and provides exclusive access to whitelisted users, establishing a stable foundation for APOLLO and mitigating risks.
Key Milestones:
- BTC-to-zBTC Interoperability: Secure, seamless mechanisms for minting and redeeming zBTC established.
- 25 $BTC Total Locked: Demonstrates system stability and user confidence.
// Phase 2: Scaling Liquidity, Expanding Possibilities
As Zeus Network transitions to Epoch 2, APOLLO will open public access and focus on scaling zBTC liquidity.
Key Milestones:
- Public Access: Enabling broader participation to accelerate ecosystem adoption.
- Ecosystem Expansion: Achieving 1,100 $BTC Total Locked, with zBTC integrated into lending protocols, liquidity pools, yield farming, and more.
- Advanced Incentives: Launching the APOLLO Point Mechanism to reward users and foster deeper engagement.
Explorers,
The future of Bitcoin is here. The future is permissionless.
We’re leading a new era of Bitcoin liquidity — leaving centralized Bitcoin behind. At APOLLO, you control your assets, unlocking unprecedented yield opportunities on Solana.
Join us in unlocking Bitcoin’s true potential. The evolution starts now — be part of history.
Stay ahead of the curve with all things APOLLO.
- Website: Visit APOLLO
- dApp: Launch Now
- X (Twitter): Follow Us
- Gitbook: Learn More
