With the popularity of the first phase of the Babylon mainnet, the second phase is about to start. At present, various BTC pledge schemes have been introduced. BTCFi is becoming the focus of market attention and is expected to release hundreds of billions of dollars of incremental BTC funding opportunities.
Lorenzo (LorenzoProtocol) is the first Bitcoin liquidity financial layer based on Babylon modularization. The project has received direct investment from Binance and is also the first BTC LST project incubated by BNB Chain MVB. The team has rich Web3 experience and a strong financial background.
Core advantages of the project:
Lorenzo is a leading Bitcoin liquidity aggregator, using its global network to provide support for the creation, issuance, trading and settlement of Bitcoin financial products and income tokens. Through its novel Bitcoin liquidity financing layer, Lorenzo provides immediate demand through a liquidity ecosystem consisting of market makers, trading venues and other liquidity providers.
Lorenzo aims to become the Pendle of the BTC ecosystem. It has built a yield market based on BTCFi, using a structure that separates the liquid principal token (LPT) and the yield accumulation token (YAT), similar to the Pendle model. The official LPT token is stBTC, which is 1:1 anchored with BTC. It can be adopted by BTCFi in multiple usage scenarios, making the gameplay based on BTC Restaking income more flexible.
At present, the new staking plan has been opened. Lorenzo Protocol has increased the reward on the basis of the original Cap1. The pre-staking Cap2 YAT reward has been upgraded to a token airdrop of 3 million US dollars, plus Lorenzo points and Babylon potential rewards.
In addition, Lorenzo has also jointly launched a gold miner activity on BNBCHAIN ââwith three ace BTC ecological projects: BSquaredNetwork, Pell_Network, and avalonfinance_. The event rewards are very generous:
âą đŻ Bitcoin staking comprehensive rewards APY up to 30%
âą đ 1 BTCB ultimate koi grand prize
âą 1 BNB will be drawn every week for 11 weeks
The gold miner event will start on October 4 and last for 3 months
Summary: BTCFi is currently the hottest focus in the market. Various Babylon-based staking schemes are flourishing. Lorenzo stands out among many BTC staking protocols with its strong team and Binance investment support, innovative model schemes, and generous incentives;Killing two birds with one stone is very attractive and worth deep participation!
