Zeus Network Leverages Chainlink CCIP and Proof of Reserve to Bridge Bitcoin to Solana

Zeus Network is leveraging the secure Chainlink CCIP and proof of reserve to bridge Bitcoin to Solana in a decentralized way.

Zeus Network has integrated Chainlink CCIP to bridge Bitcoin to Solana in a decentralized way. This follows a series of recent integrations of the widely adopted standard for bridging crypto assets.

On Tuesday, May 20, cross-chain communications layer for Bitcoin and Solana, Zeus Network announced the integration of Chainlink CCIP.

The integration will allow users to transfer zBTC, Zeus’s Bitcoin-backed token, across Ethereum, Base, and Solana. All zBTC tokens are backed 1:1 by Bitcoin, which users can verify in real time using Chainlink’s Proof of Reserve.

The integration also aims to address longstanding security concerns with cross-chain transfers. As these bridges are often centralized, they expose users to risks such as hacks and rug pulls.

“Wrapped BTC tokens are flawed because they aren’t decentralized — many of them still require KYC, have third-party entities involved in the trading, and ultimately take control away from the user. The Chainlink standard enables this to solve these issues and provide an enhanced experience for our users,” Justin Wang, Zeus Network.

Bitcoin liquidity is now available on Solana

Moreover, the integration will give Bitcoin users a decentralized way to access DeFi on Solana, while also bringing Bitcoin liquidity to the Solana ecosystem.

“zBTC offers users a truly decentralized Bitcoin asset compatible with the Solana ecosystem, now able to be easily transferred across the most widely used chains thanks to our integration of Chainlink CCIP. We are excited to unlock the vast liquidity potential for DeFi on Solana by leveraging Chainlink, powered entirely by Bitcoin,” Justin Wang, Zeus Network.

Recently, several firms have been integrating Chainlink CCIP. For instance, in April, Ronin, one of the most popular blockchain bridges, moved its legacy bridge to Chainlink’s standard. Ronin itself suffered a $650 million hack in March 2022.