Zeus Network zBTCPrice

(ZBTC)

zBTC is a decentralized, non-custodial 1:1 pegged version of Bitcoin, native to Solana. Unlike Wrapped Bitcoin (WBTC), which depends on centralized custodians for BTC reserves, zBTC utilizes a "lock-and-mint" mechanism verified by a decentralized network of ZeusNodes and Guardians. This innovative approach ensures a permissionless and trustless process, removing reliance on single entities and enhancing security for users seeking Bitcoin exposure within the Solana ecosystem.

zBTC unlocks Bitcoin's liquidity, enabling Bitcoin holders to seamlessly engage with Solana's high-speed decentralized finance (DeFi) ecosystem. Users can leverage zBTC for various financial activities, including lending, borrowing, and yield farming across numerous DeFi platforms. This allows them to actively participate in growth opportunities while maintaining their 1:1 price exposure to Bitcoin, effectively bridging the two major blockchain networks.

To mint zBTC, users begin by depositing native Bitcoin into a unique Taproot address generated via the Zeus App. The Zeus Network then employs Simple Payment Verification (SPV) to verify the Bitcoin deposit on its native blockchain. Upon successful confirmation, an equivalent amount of zBTC is automatically minted and transferred to the user's connected Solana-compatible wallet, ensuring a streamlined and secure bridging experience from Bitcoin to Solana.

The withdrawal process, which converts zBTC back to native Bitcoin, involves transactions on the Bitcoin network and requires multi-node validation for security. Due to Bitcoin's block times (approximately 10 minutes per block), withdrawals usually take between 1 to 12 hours to complete. In periods of high network congestion, this duration can occasionally extend up to 24 hours. Users should account for these timings when planning their redemptions.

The 1:1 peg of zBTC to native Bitcoin is secured through a robust combination of Multi-Party Computation (MPC) and advanced Taproot addresses. This innovative design ensures that no single entity ever holds the full private keys to the deposited Bitcoin. Instead, the keys are securely fragmented and distributed across a decentralized network of ZeusNodes. This cryptographic approach significantly enhances security, eliminates single points of failure, and maintains the trustless integrity of the peg.

Within the Zeus Network ecosystem, $zBTC and $ZEUS serve distinct yet complementary roles. $zBTC is the 1:1 Bitcoin-pegged asset, designed specifically for integration and use within Solana's DeFi applications, providing Bitcoin liquidity. In contrast, $ZEUS is the native utility and governance token of the Zeus Network. It empowers holders to participate in securing the network through staking by delegating to Guardians, and also grants voting rights in the protocol's governance, influencing its future direction.