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Home Explore Bitcoin

Zeus Network Launches ZeusNode to Boost BTC Liquidity on Solana

5 December 2024
in Bitcoin, Crypto, News
Reading Time: 3 mins read
108 2
source: thestreet.com

source: thestreet.com

Zeus Network has officially launched ZeusNode, a new infrastructure built on the Solana Virtual Machine (SVM), to enhance Bitcoin liquidity on Solana’s blockchain.

The network also unveiled its complete roadmap for integrating Bitcoin liquidity seamlessly, with the first epoch already underway.

The Guardian program introduces two types of validators: regular Guardians and Institutional Guardians. Regular Guardians can delegate $ZEUS tokens, while Institutional Guardians cater to larger institutions managing significant $BTC volumes. Both types will ensure secure Bitcoin transactions on Solana using a Multi-Party Computation (MPC) model.

Institutional Guardians enjoy flexible access to $BTC deposits, but $ZEUS tokens will be locked for six months for liquidity and security. $ZEUS token holders can delegate their tokens to Guardians for enhanced security and rewards. A dynamic delegation ratio will start at 20,000:1 for $ZEUS to $BTC liquidity, adjusting once a Guardian surpasses 5,000,000 $ZEUS in delegated tokens to allow for unlimited $BTC inflow.

“Zeus Network and its Guardians are redefining Bitcoin’s liquidity utilization, providing permissionless pathways for Bitcoin integration on Solana,”

said Justin Wang, Co-founder and CEO of Zeus Network.

ZeusNode’s plan involves expanding in stages. Epoch 1 will focus on security, supporting 25 BTC with 500,000 $ZEUS. In Epochs 2 and 3, the network will grow to four Guardians and add Institutional Guardians, increasing capacity to 1,100 BTC and 12 million $ZEUS. By Epochs 4 and 5, the goal is full capacity with 10 Guardians and more Institutional Guardians, aiming for 2,250 BTC and 25 million $ZEUS. In Epochs 6 and 7, the network will add assets like $DOGE, $LTC, and $KAS, boosting liquidity on Solana. This plan ensures safe and steady growth.

Recently, Zeus Network partnered with security audit firm Sec3 to enhance platform security. The initial focus will be auditing the Zeus Program Library for cross-chain interactions and assessing ZeusNode’s consensus and data integrity. This collaboration aims to strengthen security and prepare for integrating Bitcoin liquidity into Solana.

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: BTCSolanaZeus Network
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Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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