• bitcoinBitcoin (BTC) $ 91,241.00
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  • bnbBNB (BNB) $ 891.82
  • solanaSolana (SOL) $ 135.23
  • usd-coinUSDC (USDC) $ 0.999967
  • tronTRON (TRX) $ 0.294583
  • staked-etherLido Staked Ether (STETH) $ 3,131.33
  • dogecoinDogecoin (DOGE) $ 0.151199
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  • bitcoin-cashBitcoin Cash (BCH) $ 641.85
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  • wrapped-stethWrapped stETH (WSTETH) $ 3,834.82
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 91,289.00
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  • usdsUSDS (USDS) $ 0.999772
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  • chainlinkChainlink (LINK) $ 13.50
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  • wethWETH (WETH) $ 3,135.42
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  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 91,335.00
  • suiSui (SUI) $ 1.70
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  • usdt0USDT0 (USDT0) $ 0.999599
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  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • polkadotPolkadot (DOT) $ 2.17
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • mantleMantle (MNT) $ 1.07
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • pepePepe (PEPE) $ 0.000007
  • memecoreMemeCore (M) $ 1.58
  • rainRain (RAIN) $ 0.007982
  • bittensorBittensor (TAO) $ 267.14
  • aaveAave (AAVE) $ 164.99
  • bitget-tokenBitget Token (BGB) $ 3.55
  • okbOKB (OKB) $ 114.31
  • tether-goldTether Gold (XAUT) $ 4,346.18
  • nearNEAR Protocol (NEAR) $ 1.74
  • falcon-financeFalcon USD (USDF) $ 0.997676
  • ethereum-classicEthereum Classic (ETC) $ 12.86
  • jito-staked-solJito Staked SOL (JITOSOL) $ 169.39
  • ethenaEthena (ENA) $ 0.250639
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,134.95
  • aster-2Aster (ASTER) $ 0.782354
  • pi-networkPi Network (PI) $ 0.213845
  • internet-computerInternet Computer (ICP) $ 3.25
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pax-goldPAX Gold (PAXG) $ 4,355.71
  • worldcoin-wldWorldcoin (WLD) $ 0.605652
  • htx-daoHTX DAO (HTX) $ 0.000002
  • global-dollarGlobal Dollar (USDG) $ 0.999701
  • hash-2Provenance Blockchain (HASH) $ 0.029162
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.72
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • midnight-3Midnight (NIGHT) $ 0.090739
  • kucoin-sharesKuCoin (KCS) $ 11.08
  • aptosAptos (APT) $ 1.94
  • binance-staked-solBinance Staked SOL (BNSOL) $ 147.72
  • skySky (SKY) $ 0.062290
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • pump-funPump.fun (PUMP) $ 0.002363
  • ondo-financeOndo (ONDO) $ 0.441760
  • ripple-usdRipple USD (RLUSD) $ 0.999805
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  • kaspaKaspa (KAS) $ 0.049702
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,620.06
  • wbnbWrapped BNB (WBNB) $ 892.13
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999892
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.121402
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  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,326.27
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  • 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) $ 3,830.80
  • ignition-fbtcFunction FBTC (FBTC) $ 92,020.00
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  • usddUSDD (USDD) $ 0.999822
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,348.02
  • usdtbUSDtb (USDTB) $ 0.999351
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  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.94
  • sei-networkSei (SEI) $ 0.125973
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  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999801
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 91,145.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,411.97
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,349.60
  • clbtcclBTC (CLBTC) $ 90,486.00
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • jupiter-exchange-solanaJupiter (JUP) $ 0.219760
  • beldexBeldex (BDX) $ 0.091405
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.12
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.05
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  • usdaiUSDai (USDAI) $ 1.00
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  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,298.76
  • morphoMorpho (MORPHO) $ 1.18
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 156.92
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999775
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  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 26.50
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.903774
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  • c8ntinuumc8ntinuum (CTM) $ 0.127030
  • flokiFLOKI (FLOKI) $ 0.000057
  • usual-usdUsual USD (USD0) $ 0.997449
  • dashDash (DASH) $ 43.49
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.23
  • tbtctBTC (TBTC) $ 91,400.00
  • lido-daoLido DAO (LDO) $ 0.638854
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,135.93
  • aerodrome-financeAerodrome Finance (AERO) $ 0.578639
  • injective-protocolInjective (INJ) $ 5.17
  • ether-fiEther.fi (ETHFI) $ 0.789409
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999904
  • gtethGTETH (GTETH) $ 3,133.88
  • celestiaCelestia (TIA) $ 0.577586
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  • crvusdcrvUSD (CRVUSD) $ 0.998817
  • jasmycoinJasmyCoin (JASMY) $ 0.006999
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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