• bitcoinBitcoin (BTC) $ 87,910.00
  • ethereumEthereum (ETH) $ 2,976.91
  • tetherTether (USDT) $ 0.998854
  • bnbBNB (BNB) $ 855.36
  • xrpXRP (XRP) $ 1.86
  • usd-coinUSDC (USDC) $ 0.999693
  • tronTRON (TRX) $ 0.285045
  • staked-etherLido Staked Ether (STETH) $ 2,974.65
  • dogecoinDogecoin (DOGE) $ 0.123546
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.04
  • cardanoCardano (ADA) $ 0.352508
  • whitebitWhiteBIT Coin (WBT) $ 57.01
  • bitcoin-cashBitcoin Cash (BCH) $ 601.51
  • wrapped-stethWrapped stETH (WSTETH) $ 3,638.85
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 87,676.00
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,232.60
  • usdsUSDS (USDS) $ 0.999443
  • wrapped-eethWrapped eETH (WEETH) $ 3,225.95
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998875
  • chainlinkChainlink (LINK) $ 12.47
  • zcashZcash (ZEC) $ 535.39
  • leo-tokenLEO Token (LEO) $ 8.78
  • moneroMonero (XMR) $ 433.50
  • wethWETH (WETH) $ 2,974.41
  • stellarStellar (XLM) $ 0.213522
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 87,880.00
  • ethena-usdeEthena USDe (USDE) $ 0.998356
  • hyperliquidHyperliquid (HYPE) $ 25.68
  • litecoinLitecoin (LTC) $ 77.71
  • suiSui (SUI) $ 1.44
  • avalanche-2Avalanche (AVAX) $ 12.48
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  • usdt0USDT0 (USDT0) $ 0.998763
  • daiDai (DAI) $ 0.999044
  • shiba-inuShiba Inu (SHIB) $ 0.000007
  • susdssUSDS (SUSDS) $ 1.08
  • the-open-networkToncoin (TON) $ 1.61
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.142765
  • uniswapUniswap (UNI) $ 5.97
  • crypto-com-chainCronos (CRO) $ 0.093149
  • paypal-usdPayPal USD (PYUSD) $ 0.997554
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • usd1-wlfiUSD1 (USD1) $ 0.999499
  • mantleMantle (MNT) $ 0.979512
  • polkadotPolkadot (DOT) $ 1.82
  • rainRain (RAIN) $ 0.008017
  • bitget-tokenBitget Token (BGB) $ 3.49
  • memecoreMemeCore (M) $ 1.42
  • tether-goldTether Gold (XAUT) $ 4,399.68
  • aaveAave (AAVE) $ 150.29
  • okbOKB (OKB) $ 106.82
  • falcon-financeFalcon USD (USDF) $ 0.996897
  • bittensorBittensor (TAO) $ 218.97
  • nearNEAR Protocol (NEAR) $ 1.54
  • ethereum-classicEthereum Classic (ETC) $ 11.96
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,976.93
  • jito-staked-solJito Staked SOL (JITOSOL) $ 155.28
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pepePepe (PEPE) $ 0.000004
  • pi-networkPi Network (PI) $ 0.202782
  • aster-2Aster (ASTER) $ 0.689270
  • pax-goldPAX Gold (PAXG) $ 4,414.39
  • hash-2Provenance Blockchain (HASH) $ 0.030337
  • midnight-3Midnight (NIGHT) $ 0.096253
  • ethenaEthena (ENA) $ 0.207227
  • internet-computerInternet Computer (ICP) $ 2.92
  • solanaWrapped SOL (SOL) $ 124.11
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • htx-daoHTX DAO (HTX) $ 0.000002
  • global-dollarGlobal Dollar (USDG) $ 0.999647
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.51
  • skySky (SKY) $ 0.061371
  • kucoin-sharesKuCoin (KCS) $ 10.80
  • ripple-usdRipple USD (RLUSD) $ 0.999675
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.14
  • bfusdBFUSD (BFUSD) $ 0.998741
  • worldcoin-wldWorldcoin (WLD) $ 0.496591
  • aptosAptos (APT) $ 1.72
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999632
  • binance-staked-solBinance Staked SOL (BNSOL) $ 135.32
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,430.12
  • gatechain-tokenGate (GT) $ 10.31
  • wbnbWrapped BNB (WBNB) $ 855.29
  • ondo-financeOndo (ONDO) $ 0.378138
  • kaspaKaspa (KAS) $ 0.043524
  • arbitrumArbitrum (ARB) $ 0.193302
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,150.97
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.103976
  • pump-funPump.fun (PUMP) $ 0.001810
  • quant-networkQuant (QNT) $ 71.36
  • algorandAlgorand (ALGO) $ 0.116141
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • bridged-wrapped-lido-staked-ether-scrollBridged Wrapped Lido Staked Ether (Scroll) (WSTETH) $ 3,631.26
  • official-trumpOfficial Trump (TRUMP) $ 4.96
  • filecoinFilecoin (FIL) $ 1.33
  • ignition-fbtcFunction FBTC (FBTC) $ 87,580.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 88,020.00
  • cosmosCosmos Hub (ATOM) $ 1.98
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 87,774.00
  • vechainVeChain (VET) $ 0.010942
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  • nexoNEXO (NEXO) $ 0.892854
  • usdtbUSDtb (USDTB) $ 0.999016
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,183.00
  • usddUSDD (USDD) $ 0.998461
  • ousgOUSG (OUSG) $ 113.79
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.94
  • wrappedm-by-m0WrappedM by M^0 (WM) $ 0.998856
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999513
  • sei-networkSei (SEI) $ 0.113492
  • beldexBeldex (BDX) $ 0.096819
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 87,711.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,217.79
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • clbtcclBTC (CLBTC) $ 88,809.00
  • lighterLighter (LIT) $ 2.75
  • bonkBonk (BONK) $ 0.000008
  • render-tokenRender (RENDER) $ 1.30
  • myx-financeMYX Finance (MYX) $ 3.51
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,175.00
  • usdaiUSDai (USDAI) $ 0.999682
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999886
  • morphoMorpho (MORPHO) $ 1.16
  • wrapped-flareWrapped Flare (WFLR) $ 0.011086
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.84
  • jupiter-exchange-solanaJupiter (JUP) $ 0.190130
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 25.91
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,123.96
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,975.05
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 143.87
  • sbtc-2sBTC (SBTC) $ 87,939.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009029
  • curve-dao-tokenCurve DAO (CRV) $ 0.376965
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.23
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  • tezosTezos (XTZ) $ 0.501929
  • dashDash (DASH) $ 42.71
  • optimismOptimism (OP) $ 0.272948
  • c8ntinuumc8ntinuum (CTM) $ 0.121528
  • tbtctBTC (TBTC) $ 87,658.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997228
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,974.41
  • story-2Story (IP) $ 1.51
  • lido-daoLido DAO (LDO) $ 0.588699
  • ghoGHO (GHO) $ 0.998370
  • true-usdTrueUSD (TUSD) $ 0.997165
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.208205
  • gtethGTETH (GTETH) $ 2,974.02
  • blockstackStacks (STX) $ 0.256452
  • injective-protocolInjective (INJ) $ 4.57
  • ether-fiEther.fi (ETHFI) $ 0.699706
  • spx6900SPX6900 (SPX) $ 0.483044
  • fasttokenFasttoken (FTN) $ 1.03
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.679252
  • stader-ethxStader ETHx (ETHX) $ 3,203.64
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,209.12
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  • msolMarinade Staked SOL (MSOL) $ 167.33
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  • decredDecred (DCR) $ 18.51
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.123595
DeFi

Solana-based MonkeDAO acquires zBTC as a Bitcoin reserve

By admin
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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

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