In Temporary
Zeus Community unveiled the tokenomics of ZEUS with the purpose of onboarding 1% of Bitcoin liquidity into the Solana DeFi ecosystem.
Interoperability layer for the Solana Digital Machine (SVM), Zeus Network unveiled its tokenomics with the purpose of onboarding 1% of Bitcoin liquidity into the Solana decentralized finance (DeFi) ecosystem and enabling unrestricted use of UTXO-based property akin to Dogecoin, Litecoin, and Kaspa.
ZEUS is a foundational layer token that ensures the safety of ZeusNode whereas enabling a seamless, permissionless stream of Bitcoin liquidity into Solana. Its utility is structured in three distinct growth chapters.
Within the first chapter, ZEUS features as a layer token designed to facilitate the safe switch of Bitcoin liquidity into Solana. The preliminary trade price of 20,000 ZEUS to 1 BTC is strategically set to stabilize ZeusNode and the ZPL-asset framework. This section goals to onboard Bitcoin as zBTC, the primary ZPL-asset, and create a permissionless gateway for on-chain yield era and numerous DeFi methods inside Solana’s ecosystem. The 20,000 ZEUS to 1 BTC ratio serves as a safe place to begin, with changes to comply with based mostly on market situations and Solana’s liquidity wants.
ZeusNode acts because the core infrastructure of the Zeus Community, facilitating permissionless interactions between Bitcoin and Solana. By delegating ZEUS to Guardians, contributors assist keep consensus, safe the community, and uphold the integrity of cross-chain transactions managed by ZeusNode Guardians. As a ZeusNode Delegator, customers play an important function in securing the community, fostering Bitcoin-Solana innovation, and incomes rewards for his or her contributions.
In chapter two, ZEUS will broaden its utility inside the Solana ecosystem, unlocking new ZPL-asset functions, together with xyzBTC, and additional enhancing Solana’s DeFi capabilities and general ecosystem progress.
Waiting for chapter three, Zeus plans to allow multi-chain interactions, aiming to attach UTXO-based blockchains akin to Dogecoin, Litecoin, and Kaspa. It will create a extra unified monetary system, eliminating fragmentation and driving innovation throughout Solana.
What Is Zeus Community?
Zeus Community, an interoperability layer constructed on the SVM, permits seamless connections between Solana and different blockchains, together with Bitcoin, Litecoin, and Dogecoin.
The platform’s main focus is integrating Bitcoin by way of its decentralized utility (dApp), Apollo, which facilitates the switch of Bitcoin liquidity into Solana. This integration gives Bitcoin holders with the chance to entry and work together with dApps inside the Solana ecosystem.
In April, Zeus Community efficiently raised $8 million in a seed funding spherical, with investments from Mechanism Capital, OKX Ventures, Animoca Ventures, Lemniscap, and different supporters.
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About The Creator
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
