New York, New York, December 5th, 2024, Chainwire
Zeus Network today announced that ZeusNode, the core infrastructure built on the Solana Virtual Machine (SVM), is live. Zeus has also unveiled its full roadmap for ZeusNode’s cross-chain framework to integrate Bitcoin liquidity seamlessly into Solana’s blockchain, with its first epoch underway.
ZeusNode introduces its Guardian program to serve as the bedrock of Zeus Network’s cross-chain framework, creating two distinct classes of validators: Guardians and Institutional Guardians. Guardians can delegate $ZEUS to the network, while Institutional Guardians are crafted for large institutions with the capacity to manage significant volumes of $BTC.
Utilizing a Multi-Party Computation (MPC) model, ZeusNode Guardians ensure that Bitcoin transactions on Solana are both secure and trustless. Through a decentralized validation and signing mechanism, Guardians facilitate seamless Bitcoin operations across Solana’s blockchain, while maintaining the integrity of each transaction and adhering to the network’s security standards.
Institutional Guardians enjoy flexibility with their $BTC deposits, while $ZEUS deposits remain locked for a six-month term to uphold liquidity and security standards within the network. Additionally, $ZEUS holders are able to delegate their tokens to Guardians, contributing to the network’s security while earning rewards.
As part of the network’s scaling strategy, ZeusNode implements a dynamic ratio mechanism tied to $ZEUS delegation and $BTC liquidity. The initial $ZEUS-to-$BTC ratio is set at 20,000:1, supporting the onboarding of Bitcoin liquidity into the network. This ratio dynamically adjusts once a Guardian reaches a delegation threshold of 5,000,000 $ZEUS, unlocking unlimited $BTC inflow capacity, that helps to ensure flexibility and responsiveness to market conditions.
“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. “With these new pathways for investments and validation, Zeus is the go-to choice for Bitcoin holders and institutions looking to leverage Bitcoin in a high-performance environment.”
The ZeusNode roadmap outlines a phased approach to capacity building across multiple Epochs, with the first Epoch underway.
- Epoch 1: Security foundation building, with a capacity of 25 BTC supported by 500,000 $ZEUS delegation.
- Epochs 2 & 3: Expansion to four Guardians and the introduction of Institutional Guardians, enabling a total capacity of 1,100 BTC with up to 12,000,000 $ZEUS delegated.
- Epochs 4 & 5: Scaling to full capacity with 10 Guardians and multiple Institutional Guardians, targeting 2,250 BTC inflow and delegation of up to 25,000,000 $ZEUS to onboard 1% of Bitcoin liquidity onto Solana.
- Epochs 6 & 7: Integration of UTXO-based assets, including $DOGE, $LTC and $KAS, and expanded asset capabilities, paving the way for seamless Bitcoin liquidity management on Solana.
About Zeus Network
Zeus Network transforms blockchain interaction by providing an interoperable solution for the Solana ecosystem. Powered by Solana Virtual Machine (SVM), Zeus Network empowers Zeus Nodes to ensure robust security and seamless data exchange. This initiative clears the path for Solana to become the premier hub for all ecosystems, captivating millions of users across diverse blockchains.
Facilitating interoperable communication among cross-chain dApps, Zeus Network empowers liquidity and complex applications to seamlessly engage with Solana in a decentralized and permissionless environment, making it accessible to everyone.
Website | Zeus on X |APOLLO | Discord | Docs
Contact
Head of Communication
Franck Kuo
[email protected]
