Alisa Davidson
Printed: November 22, 2024 at 10:20 am Up to date: November 22, 2024 at 9:46 am
Edited and fact-checked:
November 22, 2024 at 10:20 am
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 Community 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 belongings corresponding to Dogecoin, Litecoin, and Kaspa.
ZEUS is a foundational layer token that ensures the safety of ZeusNode whereas enabling a seamless, permissionless move of Bitcoin liquidity into Solana. Its utility is structured in three distinct growth chapters.
Within the first chapter, ZEUS capabilities as a layer token designed to facilitate the safe switch of Bitcoin liquidity into Solana. The preliminary alternate fee 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 primarily based on market circumstances 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 preserve consensus, safe the community, and uphold the integrity of cross-chain transactions managed by ZeusNode Guardians. As a ZeusNode Delegator, customers play an important position in securing the community, fostering Bitcoin-Solana innovation, and incomes rewards for his or her contributions.
In chapter two, ZEUS will develop its utility throughout the Solana ecosystem, unlocking new ZPL-asset purposes, together with xyzBTC, and additional enhancing Solana’s DeFi capabilities and total ecosystem development.
Looking forward to chapter three, Zeus plans to allow multi-chain interactions, aiming to attach UTXO-based blockchains corresponding to Dogecoin, Litecoin, and Kaspa. This can 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, allows seamless connections between Solana and different blockchains, together with Bitcoin, Litecoin, and Dogecoin.
The platform’s major focus is integrating Bitcoin by means of its decentralized software (dApp), Apollo, which facilitates the switch of Bitcoin liquidity into Solana. This integration supplies Bitcoin holders with the chance to entry and work together with dApps throughout 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 Writer
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
