ZeusNode is officially live, and the $ZEUS Guardian Staking Program has been launched.

By: blockbeats|2024/12/05 14:00:02
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Article Source: ZEUS

ZeusNode is officially live, and the $ZEUS Guardian Staking Program has been launched.

A New Era of Bitcoin Liquidity Utilization Begins: ZeusNode Goes Live, Initiates Epoch 1, and Paves the Way for 1% of $BTC on Solana.

ZeusNode Overview

ZeusNode is core infrastructure built on the Solana Virtual Machine (SVM) to support ZeusLayer, establishing its role as Solana's Layer 1.5 and enhancing Solana's liquidity through permissionless Bitcoin integration.

The primary mission of ZeusNode is to achieve seamless Bitcoin operations in Solana's high-speed environment while ensuring transaction integrity and adhering to the highest security standards for cross-chain assets.

Now, with the formal start of Epoch 1, ZeusNode has initiated Operators and Guardians to oversee network security and is preparing to soon onboard Bitcoin transactions.

Operators and Guardians

ZeusNode acts as a trustless interactor between Bitcoin and Solana, supported by cooperation between Operators and Guardians. They ensure network security for smooth Bitcoin liquidity inflow into Solana.

In the Bitcoin-to-Solana scenario, Operators collect transaction proposals and submit them to Guardians for validation and signature. Upon validation, Operators facilitate interaction requests between the blockchains, enabling secure and efficient cross-chain operations.

With Operators now activated by Zeus Network, the ZeusNode Guardian delegation has officially opened, paving the way for Bitcoin to Solana requests.

Guardian Staking: Bitcoin's Anchor on Solana

Each Guardian is responsible for validating transactions, ensuring the security of the ZeusNode network, and the integrity of ZPL assets. Guardians oversee transaction signing to ensure secure interaction between Bitcoin and Solana.

ZeusNode offers two Guardian programs for Bitcoin liquidity providers:

Guardians: Only reputable entities can become Guardians to protect the network. This type of Guardian is open to anyone willing to delegate $ZEUS and actively contribute to network security.

Institutional Guardians: Customized for large $BTC liquidity providers, allowing them to establish a private Guardian to enhance asset management on Solana. $ZEUS holders cannot delegate.

In the early stages, the ZeusNode program will admit a maximum of 10 Guardians and several Institutional Guardians to ensure network security and scalability. Please read the following to further understand each Guardian type.

Guardian

The Guardian is the cornerstone of the ZeusNode trustless mechanism, responsible for ensuring secure cross-chain interaction. Only trusted notary entities can become Guardians by depositing and locking the minimum amount of $ZEUS, activating their role in the network.

Institutional Guardian

Institutional Guardians are custom-tailored to meet the needs of large liquidity providers, enabling them to effectively manage and optimize significant $BTC volumes.

The Institutional Guardian model serves institutions capable of handling large inflows of Solana $BTC. To participate, entities must deposit a minimum of 500 $BTC, with no limit on $BTC inflow capacity to ensure flexibility and scalability.

ZeusNode Development

In order to ensure the secure and seamless liquidity flow of Bitcoin, we have collaborated with cryptographers and security experts to develop a phased capacity model to strengthen its security foundation.

Dynamic Ratio: $ZEUS-$BTC

With the launch of ZeusNode Epoch 1, the delegation process at a 20,000:1 initial $ZEUS to $BTC ratio successfully initiated the first batch of Guardians, allocating a secure capacity to manage the incoming $BTC.

Once a Guardian's delegation reaches 5,000,000 $ZEUS, this ratio will dynamically adjust, unlocking unlimited $BTC inflow capacity to ensure adaptability and responsiveness to market demand.

Network Capacity Roadmap

This journey starts with activating ZeusNode and the Guardian delegation plan, allowing users to delegate their $ZEUS and actively contribute to the network's security and growth.

As the network evolves, ZeusNode will onboard more Guardians and Institutional Guardians, progressively unlocking more $ZEUS delegation slots to enhance network security and maximize $BTC capacity, while paving the way for integrating other UTXO-based assets.

Epoch 1: Security Foundation Build

Based on the Foundation's security ratio, once the network achieves full security through 500,000 $ZEUS in delegation, there will be a $BTC inflow of 25 into Solana. The $BTC in this stage will initially be rolled out as $zBTC, supported by APOLLO, marking the flagship of ZPL assets.

Timeline: Ongoing

Guardians: 1

Institutional Guardians: 0

Network Capacity: 25 $BTC / 500,000 $ZEUS

Periods 2 and 3: Network Capacity Expansion

The activation of three additional Guardians and the introduction of Institutional Guardians will enhance the network's capacity. With support from institutional Bitcoin liquidity, this expansion is expected to bring in 1,100 $BTC. Therefore, the network's capacity will significantly increase, supporting delegations of up to 12,000,000 $ZEUS.

Timeline: Q1 2025

Guardians: 4

Institutional Guardians: 2

Network Capacity: 1,100 $BTC / up to 12,000,000 $ZEUS

Phases 4 and 5: Maximizing Network Capacity

The vision for this phase is to onboard 1% of Bitcoin liquidity to Solana, aiming to maximize the network's capacity through the full activation of 10 Guardians and multiple Institutional Guardians. By fully delegating $ZEUS to each Guardian, it achieves an infinite flow of $BTC inflow, laying the foundation for Solana's seamless scalability and liquidity expansion.

Timeline: Q1/Q2 2025

Guardians: 10

Institutional Guardians: 4

Network Capacity: 2,250 $BTC / up to 25,000,000 $ZEUS

Phases 6 and 7: UTXO and xyzBTC Integration

The focus of this phase is to enable UTXO-based assets and xyzBTC to seamlessly flow into Solana, unlocking new opportunities for asset interoperability and use cases. This step represents a transformative leap in connecting Bitcoin liquidity to Solana, granting users unparalleled flexibility and $BTC management capabilities.

Timeline: Q2 2025

Guardians: To be determined

Institutional Guardians: To be determined

Network Capacity: To be determined

Delegate $ZEUS Now

$ZEUS holders can now delegate their tokens to guardians to strengthen network security while earning rewards.

This article is contributed content and does not represent the views of BlockBeats.

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