Lorenzo Protocol is the first Bitcoin liquidity finance layer designed to unlock the potential of Bitcoin liquidity across decentralized finance (DeFi), Layer 2 platforms, and staking systems. It provides a structure where Bitcoin holders can stake their unused Bitcoin into Proof-of-Stake (PoS) ecosystems like Babylon and receive tokenized assets in return. Lorenzo issues Liquid Principal Tokens (LPTs) and Yield Accruing Tokens (YATs) to represent staked Bitcoin and future yields separately, offering more flexibility and liquidity in Bitcoin-based financial products.
Lorenzo Protocol operates by enabling users to stake Bitcoin through trusted custodial institutions and decentralized relayers, which verify staking activities and issue stBTC and YATs. Bitcoin staking transactions are recorded and validated on Lorenzo’s Cosmos-based appchain, while enzoBTC, a decentralized wrapped Bitcoin, offers additional interoperability across DeFi ecosystems. The platform supports trading, lending, and creating structured financial products with stBTC and YATs, building a complete DeFi environment around tokenized Bitcoin liquidity.
Lorenzo Protocol was founded by Matt Ye, Fan Sang, and Toby Yu, who bring deep expertise in blockchain technology, Bitcoin infrastructure, and decentralized finance systems.
BANK, the native token of the Lorenzo Protocol ecosystem, is available on various exchanges. It has a total supply of 425.25 million tokens.
Consider investing in Lorenzo Protocol (BANK)? Follow these steps:
Verify your identity.
Deposit funds.
Check out the available Lorenzo Protocol trading pairs on Bitget.
Investing in Lorenzo Protocol depends on your risk tolerance and understanding of the Bitcoin DeFi space. As with any new blockchain project, potential investors should carefully research the platform’s technology, market position, and future roadmap before making investment decisions.