• bitcoinBitcoin (BTC) $ 90,516.00
  • ethereumEthereum (ETH) $ 3,115.65
  • tetherTether (USDT) $ 0.998659
  • xrpXRP (XRP) $ 2.08
  • bnbBNB (BNB) $ 902.61
  • usd-coinUSDC (USDC) $ 0.999857
  • tronTRON (TRX) $ 0.301969
  • staked-etherLido Staked Ether (STETH) $ 3,116.38
  • dogecoinDogecoin (DOGE) $ 0.137225
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.00
  • cardanoCardano (ADA) $ 0.391339
  • bitcoin-cashBitcoin Cash (BCH) $ 654.48
  • wrapped-stethWrapped stETH (WSTETH) $ 3,814.85
  • whitebitWhiteBIT Coin (WBT) $ 55.10
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,388.57
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 90,320.00
  • wrapped-eethWrapped eETH (WEETH) $ 3,384.83
  • usdsUSDS (USDS) $ 0.999451
  • moneroMonero (XMR) $ 511.04
  • chainlinkChainlink (LINK) $ 13.23
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998553
  • leo-tokenLEO Token (LEO) $ 9.05
  • wethWETH (WETH) $ 3,119.31
  • stellarStellar (XLM) $ 0.224999
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 90,574.00
  • suiSui (SUI) $ 1.81
  • zcashZcash (ZEC) $ 387.07
  • ethena-usdeEthena USDe (USDE) $ 0.998420
  • litecoinLitecoin (LTC) $ 80.17
  • avalanche-2Avalanche (AVAX) $ 13.82
  • hyperliquidHyperliquid (HYPE) $ 24.51
  • canton-networkCanton (CC) $ 0.148407
  • hedera-hashgraphHedera (HBAR) $ 0.117313
  • shiba-inuShiba Inu (SHIB) $ 0.000009
  • usdt0USDT0 (USDT0) $ 0.998425
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.167723
  • susdssUSDS (SUSDS) $ 1.08
  • daiDai (DAI) $ 0.997809
  • the-open-networkToncoin (TON) $ 1.76
  • crypto-com-chainCronos (CRO) $ 0.100835
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • paypal-usdPayPal USD (PYUSD) $ 0.999686
  • uniswapUniswap (UNI) $ 5.48
  • polkadotPolkadot (DOT) $ 2.08
  • usd1-wlfiUSD1 (USD1) $ 0.999793
  • mantleMantle (MNT) $ 0.982689
  • rainRain (RAIN) $ 0.008902
  • memecoreMemeCore (M) $ 1.67
  • bittensorBittensor (TAO) $ 289.13
  • aaveAave (AAVE) $ 168.43
  • pepePepe (PEPE) $ 0.000006
  • bitget-tokenBitget Token (BGB) $ 3.51
  • tether-goldTether Gold (XAUT) $ 4,502.09
  • okbOKB (OKB) $ 111.08
  • nearNEAR Protocol (NEAR) $ 1.72
  • falcon-financeFalcon USD (USDF) $ 0.995186
  • jito-staked-solJito Staked SOL (JITOSOL) $ 174.73
  • ethereum-classicEthereum Classic (ETC) $ 12.47
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,119.23
  • ethenaEthena (ENA) $ 0.230543
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.167908
  • pi-networkPi Network (PI) $ 0.208602
  • internet-computerInternet Computer (ICP) $ 3.17
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pax-goldPAX Gold (PAXG) $ 4,504.58
  • aster-2Aster (ASTER) $ 0.716645
  • solanaWrapped SOL (SOL) $ 139.28
  • htx-daoHTX DAO (HTX) $ 0.000002
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.78
  • worldcoin-wldWorldcoin (WLD) $ 0.574375
  • binance-staked-solBinance Staked SOL (BNSOL) $ 151.76
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • global-dollarGlobal Dollar (USDG) $ 0.999575
  • pump-funPump.fun (PUMP) $ 0.002446
  • kucoin-sharesKuCoin (KCS) $ 10.89
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • render-tokenRender (RENDER) $ 2.65
  • ripple-usdRipple USD (RLUSD) $ 0.999587
  • skySky (SKY) $ 0.058467
  • aptosAptos (APT) $ 1.79
  • bfusdBFUSD (BFUSD) $ 0.998503
  • wbnbWrapped BNB (WBNB) $ 903.24
  • hash-2Provenance Blockchain (HASH) $ 0.024632
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,602.42
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999710
  • kaspaKaspa (KAS) $ 0.047635
  • cosmosCosmos Hub (ATOM) $ 2.58
  • ondo-financeOndo (ONDO) $ 0.399154
  • midnight-3Midnight (NIGHT) $ 0.071609
  • gatechain-tokenGate (GT) $ 10.29
  • algorandAlgorand (ALGO) $ 0.133684
  • arbitrumArbitrum (ARB) $ 0.205751
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,314.40
  • filecoinFilecoin (FIL) $ 1.48
  • official-trumpOfficial Trump (TRUMP) $ 5.46
  • myx-financeMYX Finance (MYX) $ 5.42
  • bridged-wrapped-lido-staked-ether-scrollBridged Wrapped Lido Staked Ether (Scroll) (WSTETH) $ 3,808.65
  • vechainVeChain (VET) $ 0.011614
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 90,648.00
  • ignition-fbtcFunction FBTC (FBTC) $ 90,723.00
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 90,702.00
  • nexoNEXO (NEXO) $ 0.957879
  • usddUSDD (USDD) $ 0.999059
  • flare-networksFlare (FLR) $ 0.011191
  • bonkBonk (BONK) $ 0.000011
  • xdce-crowd-saleXDC Network (XDC) $ 0.048061
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,320.34
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,378.84
  • usdtbUSDtb (USDTB) $ 0.998802
  • ousgOUSG (OUSG) $ 113.92
  • sei-networkSei (SEI) $ 0.121183
  • wrappedm-by-m0WrappedM by M^0 (WM) $ 0.997621
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.95
  • story-2Story (IP) $ 2.24
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.012054
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999700
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 90,392.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.302776
  • blockstackStacks (STX) $ 0.385386
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.07
  • morphoMorpho (MORPHO) $ 1.29
  • clbtcclBTC (CLBTC) $ 90,541.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,328.35
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • jupiter-exchange-solanaJupiter (JUP) $ 0.215125
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 161.95
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.00
  • lighterLighter (LIT) $ 2.64
  • usdaiUSDai (USDAI) $ 1.00
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • wrapped-flareWrapped Flare (WFLR) $ 0.011164
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,117.71
  • beldexBeldex (BDX) $ 0.084768
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,306.35
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999792
  • tezosTezos (XTZ) $ 0.576662
  • optimismOptimism (OP) $ 0.317953
  • curve-dao-tokenCurve DAO (CRV) $ 0.404970
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.22
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 24.75
  • c8ntinuumc8ntinuum (CTM) $ 0.127606
  • usual-usdUsual USD (USD0) $ 0.989716
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,118.84
  • spx6900SPX6900 (SPX) $ 0.583684
  • lido-daoLido DAO (LDO) $ 0.639787
  • tbtctBTC (TBTC) $ 90,541.00
  • injective-protocolInjective (INJ) $ 5.23
  • aerodrome-financeAerodrome Finance (AERO) $ 0.555924
  • chilizChiliz (CHZ) $ 0.049044
  • flokiFLOKI (FLOKI) $ 0.000052
  • gtethGTETH (GTETH) $ 3,119.22
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997682
  • ghoGHO (GHO) $ 0.998201
  • true-usdTrueUSD (TUSD) $ 0.996977
  • ether-fiEther.fi (ETHFI) $ 0.747677
  • celestiaCelestia (TIA) $ 0.553142
  • msolMarinade Staked SOL (MSOL) $ 188.19
  • dashDash (DASH) $ 37.68
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,369.49
  • syrupMaple Finance (SYRUP) $ 0.397219
  • fasttokenFasttoken (FTN) $ 1.09
  • the-graphThe Graph (GRT) $ 0.042541
  • stader-ethxStader ETHx (ETHX) $ 3,361.88
  • jasmycoinJasmyCoin (JASMY) $ 0.008929
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,493.60
  • newton-projectAB (AB) $ 0.004461
  • wrapped-apecoinWrapped ApeCoin (WAPE) $ 0.209669
  • iotaIOTA (IOTA) $ 0.099121
  • bittorrentBitTorrent (BTT) $ 0.00000042
  • sbtc-2sBTC (SBTC) $ 91,754.00
  • staked-aaveStaked Aave (STKAAVE) $ 168.01
  • starknetStarknet (STRK) $ 0.081732
  • doublezeroDoubleZero (2Z) $ 0.117420
  • chain-2Onyxcoin (XCN) $ 0.009544
  • usdbUSDB (USDB) $ 0.998725
  • ethereum-name-serviceEthereum Name Service (ENS) $ 10.41
  • sun-tokenSun Token (SUN) $ 0.020724
  • conflux-tokenConflux (CFX) $ 0.076358
  • justJUST (JST) $ 0.039537
  • pyth-networkPyth Network (PYTH) $ 0.067815
  • bitcoin-svBitcoin SV (BSV) $ 19.45
  • fartcoinFartcoin (FARTCOIN) $ 0.382947
  • dogwifcoindogwifhat (WIF) $ 0.379573
  • kaiaKaia (KAIA) $ 0.064810
  • wrapped-stx-velarWrapped STX (Velar) (WSTX) $ 0.378708
  • pendlePendle (PENDLE) $ 2.19
  • gnosisGnosis (GNO) $ 139.55
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.882621
  • apenftAINFT (NFT) $ 0.00000037
  • telcoinTelcoin (TEL) $ 0.003813
  • crvusdcrvUSD (CRVUSD) $ 0.997019
  • euro-coinEURC (EURC) $ 1.16
  • cap-usdCap USD (CUSD) $ 0.993906
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.137376
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 90,606.00
  • olympusOlympus (OHM) $ 21.49
  • plasmaPlasma (XPL) $ 0.166521
  • kinesis-goldKinesis Gold (KAU) $ 144.05
DeFi

Solana-based MonkeDAO acquires zBTC as a Bitcoin reserve

By admin
0 110

Solana-based MonkeDAO acquires zBTC as a Bitcoin reserve

MonkeDAO, a community-owned non-fungible token project on Solana, has announced it’s become the first decentralized autonomous organization to adopt a Bitcoin reserve.

Solana (SOL)-based MonkeDAO announced on March 28 that it had adopted a Bitcoin (BTC) reserve in its strategy by acquiring the APOLLO on Solana token zBTC.

The newly-launched zBTC is a token pegged 1:1 to Bitcoin and native to Solana. MonkeDAO is the first DAO to adopt the token for its treasury reserve.

According to the APOLLO team, the token offers BTC on-chain – not bridged or wrapped but permissionless. Holders can tap into this token to participate in decentralized finance on Solana, earning on-chain yield.

You might also like: APOLLO debuts as Solana’s first trustless Bitcoin exchange via Zeus Network

MonkeDAO says it’s adding this zBTC to its treasury.

The 1 zBTC purchased goes into the Strategic Monke Reserve. SMR is the NFT DAO project’s treasury reserve strategy that will help the community foster financial sustainability.

It’s also MonkeDAO’s commitment to a permissionless ecosystem for Bitcoin DeFi, or BTCFi. zBTC allows Bitcoin holders the opportunity to participate in DeFi on Solana via lending, borrowing, and yield farming activities.

“The SMR is our commitment to long term growth and the addition of zBTC diversifies [and] strengthens our current pool of native assets,” MonkeDAO posted on X.

This strategy is nonetheless not the Strategy, formerly MicroStrategy, level of play, but it does illustrate the growing confidence in Bitcoin.

As well as the 1:1 peg with Bitcoin, APOLLO says zBTC leverages the trustless two-way peg for security, which it actually achieves via a simple payment verification sidechain. The token also taps into a decentralized validator set on the Zeus Network.

For its role in BTCFi, Apollo and Zeus Network target the “trillions in value” on the Bitcoin network.

Opening up BTC from its underutilized liquidity, with hodlers’ coins idle in wallets, is a big opportunity for growth and use case strengthening. Zeus Network validated its first Bitcoin transaction on Solana in December 2024.

You might also like: Bitcoin gets DeFi upgrade with Velar’s first PerpDEX launch

Source

admin 16933 posts 0 comments
You might also like More from author

Leave A Reply

Your email address will not be published.