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
pr@zeusnetwork.xyz
