For the first time, Solana users can grow their Bitcoin holdings without the hassle of bridging or trading. Zeus Network’s btcSOL transforms staked SOL into a passive Bitcoin minting machine, bypassing middlemen and complex steps. 🎉
According to a press release shared with crypto.news on July 15, Zeus Network will launch btcSOL on July 17, allowing Solana (SOL) stakers to earn Bitcoin rewards in the form of zBTC, a Solana-native, non-custodial version of BTC pegged 1:1 to the original. Yield can be earned by locking up SOL or liquid staking tokens. 🌟
when users stake SOL via btcSOL, Zeus Network deploys that capital into automated yield strategies and converts the earnings into zBTC, which users receive daily. 🔄
Unlike wrapped BTC solutions that depend on centralized custodians, zBTC maintains a 1:1 peg through decentralized mechanisms, allowing redemption to native Bitcoin without KYC. For the first two weeks, whitelisted participants will earn double zBTC rewards, a tactical move that Zeus said is designed to bootstrap liquidity while testing demand. 🚀
“btcSOL gives anyone with SOL a way to steadily build a Bitcoin position, no bridges, no trading, no extra steps,” said Justin Wang, Founder and CEO of Zeus Network. “This is a key piece of our vision to unlock a native Bitcoin economy on Solana, where BTC is easy to earn, use, and move across applications.” 🌈
Zeus Network’s push for native Bitcoin rewards on Solana isn’t just about convenience. It’s a strategic bid to reduce reliance on custodial bridges like WBTC. While WBTC dominates Ethereum’s Bitcoin ecosystem, its centralized minting process has long been a point of contention in DeFi. zBTC, by contrast, operates permissionlessly, aligning with Solana’s ethos of speed and self-custody. 🚀
To incentivize early adoption, Zeus has capped btcSOL at 75,000 slots and tied the launch to a basketball-themed campaign, complete with a 200% rewards multiplier and a Lakers ticket raffle. 🏀🎉
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2025-07-15 19:17