NEWSLETTER
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Monkedao, a non -fungible token project of community property in Solana, has announced that it has become the first decentralized autonomous organization in adopting a bitcoins reserve.
Monkedao Based in Solana (Sun) <a target="_blank" rel="nofollow" href="https://x.com/MonkeDAO/status/1905657400713249171″ target=”_blank”>announced On March 28, he had adopted a bitcoin (btc) reserve in his strategy when acquiring the Apollo in Solana Token Zbtc.
The freshly released ZBTC is a fixed token 1: 1 to bitcoin and Native of Solana. Monkedao is the first DAO to adopt the Token for its treasure reserve.
According to Apollo's team, Token offers btc in the chain, not bridge or wrapped, but without permission. The headlines can take advantage of this Token to participate in decentralized finances in Solana, winning performance in the chain.
Monkedao says this ZBTC is adding to his treasure.
The 1 ZBTC purchased enters the Monke strategic reserve. SMR is the Treasury reserve strategy of the nft DAO project that will help the community to promote financial sustainability.
It is also Monkedao's commitment to an ecosystem without permission for bitcoin Defi, or BTCFI. ZBTC allows bitcoin headlines for the opportunity to participate in Defi in Solana through loans, loans and agriculture performance.
“The SMR is our commitment to long -term growth and the addition of ZBTC diversifies (and) strengthens our current group of native assets,” Monkedao published in x.
However, this strategy is not the strategy, previously Microstrategy, level of play, but illustrates the growing confidence in bitcoin.
In addition to the PEG 1: 1 with bitcoin, Apollo says that ZBTC takes advantage of the two -way PEG of confidence for security, which really achieves through a simple side screen of payment verification. The Token also takes advantage of a decentralized validator established in the Zeus Network.
For his role in Btcfi, Apollo and Zeus Network he goes to the “billion value” in the bitcoin network.
Open btc of its underutilized liquidity, with inactive Hodlers coins in wallets, is a great opportunity for growth and strengthening of use cases. Zeus Network validated his first bitcoin transaction in Solana in December 2024.
