Why can Solana be the best Blockchain to earn a bitcoin return

The most successful investors will agree that it is always good to keep a large amount of bitcoin in the portfolio of your digital assets, because it is the oldest, most valuable and safer. However, doing this comes in a non -favorable position because Bitcoin is one of the few digital currencies that cannot be easily used to generate the return.

That is why a lot of bitcoin traded in the market simply leaves inactivity, and sits in countless users who do not do more than hope to increase the price. This is known as “Hodl”, and although it may be very profitable in the past as Bitcoin has made some amazing gains, most of them believe that those days have long been.

With its value now estimated at about $ 100,000, it is unlikely to shoot as it did in the first days of encryption. But this does not mean that bitcoin holders should be satisfied with only moderate gains.

In the great Defi world, there are ways to put Bitcoin to work. One of the most popular ways is the use of Bitcoin to mint WBTC, or “Bitcoin Bitcoin”, which is the ERC-20 code on Ethereum Blockchain. It is possible to switch your BTC for WBTC on the basis of 1: 1, then use WBTC to participate in activities such as lending, borrowing and liquidity via various DEFI platforms based on ETHEREUM.

But although WBTC can be rewarding, it is not a very good option for those who appreciate the decentralized nature of encryption. The negative side to WBTC is a very central symbol. To Mint Fresh WBTC, it is necessary to deposit BTC codes with a broker known as BITGO, which works as a guard for all warranty that supports WBTC in trading. This is necessary to support the value of WBTC, but it creates tremendous risks, as BITGO has become a high value of the infiltrators, who were free to extract billions of dollars in the value that lives within its portfolios.

It is recognized that the risk of penetration of BITGO is small, because it has succeeded in avoiding doing so yet. But just because it has not been hacked, but it does not guarantee that it is 100 % safe in the future. Add to that, there is always a risk that BITGO may offend behavior. We know from the previous episode with FTX Exchange that the encryption companies that seem a good reputation cannot reach anything, using their customer deposits for risky investments, etc. While the FTX founder Sam Bangan Farid did not intentionally lose the money of his customers, the fact is that he was very reckless and did so exactly.

A safer way to use BTC in Defi

Fortunately, there is a safer way to generate the return on bitcoin without accepting the central risks. Thanks to the progress of Bitcoin programming, BTC holders now have the option to put their capital to work in the Solana ecosystem, while avoiding dependence on any brokers or guardian.

This is all thanks to a new protocol called Zeus NetworkThat created a gate without permission to open the greater potential of BTC on Solana Blockchain, where it is represented as the ZBTC code. Users can make their BTC swap for ZBTC, and use it to participate in the DEFI ecological system that is quickly attached to the ETHEREUM system.

ZEUS has built a connected structure that enables ZBTC to take advantage of the safe basis for Bitcoin itself while taking advantage of the productivity of the rapid treatment of Solana Blockchain. After verifying the validity of its first BTC treatment on Solana, Zeus explains the ability to provide a winning group, and integrate more Blockchain with the most efficient.

The key is Zeus Apollo DAPP, which extends the BTC transfer process to Solana. To use it, just connect the Bitcoin portfolio and deposit BTC in DAPP, the number of ZBTC symbols will be equivalent. Since the deposit works as a guarantee, this means that the ZBTC value is always associated with that BTC, similar to how WBTC. However, the difference is that Zeus does not use any guardian. Instead, the distinctive symbols are imprisoned in a smart contract that is controlled by the ZEUS network of auditors and guardians, which means a kind of decentralized nursery.

The main thing to be understood is that no one or a single guardian can reach any BTC deposit. This can only be done when the participants in the network reach consensus, and in turn, this can only happen when the legitimate owner of BTC is burned originally the ZBTC codes.

Zeus has created a number of technological innovations to facilitate this system, including something known as “dual -direction”. Meanwhile, APollo DAPP acts as a type of integration layer that makes the DEFI ecological system available in Solana.

The way he works is that when the user wants to deposit BTC to the Mint Zbtc, the contract suggests treatment and submit to the status of the program. This creates a programmed signature, then the contract was deported by signing transactions on the Solana network. When any contract tries to act harmful, they will definitely be caught by others, which means that their Sol deposits will be lower as a punishment. This process guarantees that the Zeus protocol is always protected.

It is a simple and elegant way for BTC holders to reach a growing group of famous Defi DAPPS on Solana and start earning the return on their property. They should no longer be satisfied with just “hunting”, because they can take their capital to DAPPS such as Marginfi, Solend, Kamino Finance and finding many possibilities for generating return. Of course, with Zeus closed their original BTC deposits, all users will remain happy if the BTC price jumps greatly.

Institutional demand for BTC’s return

Looking at the great rise in the institutional capital that flows to Bitcoin during the past year, Zeus is a very promising innovation. Some of the largest investors in Bitcoin these days are the new money circulating on the stock exchange or the circulating investment funds that appeared last year, and their founders will not be satisfied with sitting only and the original contract when there are possible opportunities to generate revenues.

Now, Consider this – ISHARES BitCOIN TURST ETF alone from Blackrock At a value of $ 59 billion from BTC Assets at the time of writing this report. This is a large number of capital and a lot of responsibility on the shoulders of Blackrock representatives.

The temptation to use a non -friendly communication layer like Zeus to earn a return on these deposits is huge, and it will increase if the bitcoin price fails to increase significantly, as ETF customers expect to see large returns.

ZEUS provides an unprecedented chance of Bitcoin, not only to earn the return but do this while taking advantage of the effective infrastructure in Solana, which includes the fastest transaction speeds and the lowest gas fees in any central network. By using the Solana -based Defi instead of ETHEREUM, institutions can avoid bottlenecks associated with traditional Defi and increase the generation strategies.

What is more convincing is that Zeus does not sit, because he has plans to expand in bitcoin, which will provide more opportunities to generate the return. In addition, Bitcoin -based NFTS support, orders, and genius are also present in the pipeline.

With ZEUS expanding its capabilities, it can benefit from its association with Solana to put itself as the transition tool to generate Bitcoin’s return. As the ecosystem moved to the broader Solana itself from strength to power, there are good reasons for the belief that it may be overwhelmed by bitcoin -based liquidity in the coming months, which brings benefits to all those concerned.