Zenrock
@officialzenrock
A decentralized custody network for the Open Internet: @zenBTC_official
Backers: @1RTPartners @Maven11Capital @10TFund @TheSpartanGroup
ID: 1777198844305887232
http://zenrockfoundation.io 08-04-2024 04:57:03
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See you in NYC soon ๐ฝ Drift Foundation Bitcoin on Solana is here
Great write up by Silk Nodes on why decentralized custody is a DeFi essential Custody must be standardized and Zenrock is creating that standard The future of wrapped Bitcoin is decentralized and everyone knows it @zenbtc_official is the future of BTC on Solana
๐ฉ๐๐๐๐ก๐๐ฌ: ๐๐ฎ๐๐ ๐๐ง๐ ๐ก๐ฒ๐ฒ๐ฑ๐ฒ๐ฑ!!! ๐๐จ๐ ๐๐ข๐ญ๐ฅ๐: Yield-bearing zenBTC ๐๐จ๐ ๐๐๐ฌ๐๐ซ๐ข๐ฉ๐ญ๐ข๐จ๐ง: Weโre hiring all idle BTC sitting in exchanges/cold wallets doing absolutely nothing. In your new role, you'd be required to: ๐ธMint on Solana ๐ธEarn real
๐ฃ๐ข๐ฉ: ๐ฌ๐ผ๐๐ฟ ๐ฎ๐๐๐ฒ๐, ๐ฏ๐๐ ๐ป๐ผ๐ ๐๐ผ๐๐ฟ ๐ธ๐ฒ๐๐ ๐ FTX Collapse ๐Celsius/Blockfi Saga ๐ Ronin Bridge Hack ๐Mt. Gox fraud ๐QuadrigaCX Lesson in there.... ๐๐ณ ๐ถ๐'๐ ๐ป๐ผ๐ ๐๐ผ๐๐ฟ ๐ธ๐ฒ๐๐, ๐ถ๐'๐ ๐บ๐ผ๐๐ ๐น๐ถ๐ธ๐ฒ๐น๐ ๐ป๐ผ๐ ๐๐ผ๐๐ฟ ๐ฎ๐๐๐ฒ๐
Just like stablecoin proliferation, a wave of wrapped BTC assets is coming to Solana and to protocols like Orca โ๏ธ Kamino Drift Foundation + many more To scale BTC on Solana, we need a secure, permissionless standard any asset issuer can leverage We are building that
๐ฎ ๐ง๐ฟ๐๐๐ต๐ ๐ฎ๐ป๐ฑ ๐ฎ ๐๐ถ๐ฒ 1. The private keys securing zenBTC are split across a decentralized network ๐ 2. It is backed 1:1 by real Bitcoin in decentralized custody๐ 3. zenBTC doesn't generate yield ๐ช๐ต๐ฒ๐ฟ๐ฒ ๐ถ๐ ๐๐ต๐ฒ ๐น๐ถ๐ฒ? ๐ค