Zeus Network｜The first permissionless communication layer on Solana

Duration

In Progress

Task

Supported Chains

Zeus Network｜The first permissionless communication layer on Solana

Project Details

Zeus Network aims to be an innovative and interoperable dApps creation system that allows developers to easily interact seamlessly with Bitcoin and multiple blockchains by using the Zeus Layer and the Solana Virtual Machine (SVM). The recently announced APOLLO is the first dApp built on Zeus and will enable cross-chain staking, primarily between Bitcoin and SOLANA.

How Zeus Network Works

1. Propose chain-agnostic transactions and save them to Solana: Zeus nodes first propose Bitcoin and Solana transactions and then submit these transactions to the Zeus program state.
2. Generate and aggregate signatures on the Zeus Layer: The Zeus Layer provides programmable signatures through the Zeus Program Library (ZPL).
3. Send signed transactions to the target blockchain: Zeus nodes relay the signed proposed transactions to the target blockchain.
4. Secure cross-chain communication with fraud prevention: If certain Zeus nodes collude, honest nodes submit fraud proofs, punishing malicious nodes and ensuring network security.

Apollo

Apollo is the first DeFi protocol built on the Zeus Network. Built on the Zeus Network, APOLLO introduces a cross-chain staking solution for Bitcoin holders to utilize the Solana DeFi ecosystem, offering a new approach to utilizing $BTC. Utilizing $zBTC within the Solana ecosystem enables various operations, including but not limited to:

1. Depositing $zBTC into DeFi protocols to earn yield
2. Becoming a liquidity provider for $zBTC to earn LP fees
3. Swapping $zBTC for any SPL token
4. Creating stablecoins by collateralizing $zBTC

Funding Information

$Zeus Tokenomics Details

Although the token is currently distributed, its utility has not been announced. Token Symbol: ZEUS Maximum Supply: 1,000,000,000 (1B) Initial Circulating Supply: 167,500,000 (16.75%) Contract Address: ZEUS1aR7aX8DFFJf5QjWj2ftDDdNTroMNGo8YoQm3Gq CoinGekco: https://www.coingecko.com/en/coins/zeus-network

Also, in the first airdrop: 3% of the total supply of $ZEUS tokens was distributed as airdrop allocations to eligible participants.

1. Jupiter Voters: Participants who voted in the Jupiter "LFG Voting Round 1".
2. Zealy Supporters: Participants who participated in Zealy quests and earned Zealy XP.
3. Dappie Gang Holders: Owners of Dappie Gang NFTs.
4.

$APOLLO Airdrop and Token Details

Details of the $APOLLO token airdrop have not been disclosed, but it has been announced that Galxe points will be converted to $APOLLO in the future.

Airdrop Strategy

Airdrop Procedure Summary

1. Access the site here
2. Connect your wallet (Phantom Wallet is recommended)
3. Get Solana and tBTC from the Faucet
4. Stake tBTC to earn zBTC
5. Complete the Galxe tasks

Illustrated Procedure

1. Access the site here
2. Connect your wallet (Phantom Wallet is recommended)
3. Get Solana and tBTC from the Faucet
4. Stake tBTC to earn zBTC
5. Complete the Galxe tasks

Disclaimer

・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.

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