Successful crypto investors often emphasize the importance of holding significant amounts of Bitcoin (BTC) in their portfolios due to its status as the oldest, most valuable, and secure digital currency. However, a downside to maintaining large BTC holdings is that it does not easily generate yield, leaving much of BTC idle in users’ wallets—a practice known as “HODL. ” While this strategy was profitable in the past, many believe those days are over, especially with Bitcoin's current valuation around $100, 000. In the DeFi landscape, investors can utilize Bitcoin more effectively. One popular option is wrapping Bitcoin into wBTC (wrapped Bitcoin), an ERC-20 token on the Ethereum blockchain. Users can swap BTC for wBTC and engage in various DeFi activities like lending and liquidity provision. However, wBTC relies on BitGo, a centralized custodian that poses risks, including potential hacking and misuse of funds, as seen with past incidents involving crypto exchanges. Fortunately, a safer alternative exists through the Zeus Network, which enables BTC holders to generate yield without centralization risks. By converting BTC to zBTC on the Solana blockchain, users can enter a vibrant DeFi ecosystem.
Zeus uses a permissionless protocol, allowing users to mint zBTC without relying on custodians; their BTC is secured in a smart contract overseen by a decentralized network of validators. Zeus’s APOLLO dApp simplifies the process of minting zBTC by allowing users to deposit BTC, which is locked as collateral. Importantly, no single entity can access the deposited BTC; a consensus among validators is required, ensuring security against malicious actions. This innovative approach fosters safe engagement with popular Solana-based DeFi applications such as MarginFI, Solend, and Kamino Finance. Given the recent surge in institutional investment in Bitcoin, exemplified by ETFs like Blackrock’s iShares Bitcoin Trust ETF, the allure of noncustodial yield generation via Zeus is strong. With a significant amount of assets under management, these institutional players are increasingly looking for ways to earn revenue on their holdings. Zeus presents a promising opportunity for institutions, leveraging Solana’s efficient blockchain characterized by fast transaction speeds and low fees, while its plans for expanding Bitcoin-collateralized stablecoins and support for Bitcoin-based NFTs signal further growth. As the DeFi ecosystem on Solana strengthens, Zeus is well positioned to attract substantial Bitcoin liquidity, benefiting all stakeholders involved.
Maximize Your Bitcoin Holdings: The Benefits of Zeus Network for DeFi
ByteDance released Seedance 2.0 less than a week ago, sparking outrage among artists worldwide with a viral AI-generated clip featuring Tom Cruise and Brad Pitt fighting.
The ideal scenario for office workers is to simply press a button on a device that records meetings, transcribes conversations, and converts them into actionable tasks.
Microsoft has officially integrated an AI-powered assistant, Copilot, into its widely used Office Suite, marking a major advancement in user interaction with productivity software.
Seedance 2.0 is a cutting-edge image-to-video and text-to-video model created by the tech company ByteDance.
IBM’s Watson Health division has formed a strategic partnership with BioTech Innovations, a leading biotechnology firm, to revolutionize drug discovery using advanced artificial intelligence (AI) technologies.
Edge Marketing has announced the appointment of internationally recognised, award-winning AI and SEO specialist Luke Gosha as its new Head of Search & AI Strategy.
For years, sales technology has been built on the premise that faster is better—quicker replies, faster follow-ups, and speedier closes.
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today