According to Foresight News, Lorenzo Protocol, a Bitcoin L2 service provider, has formed a strategic alliance with Babylon. Users who stake their Bitcoin will generate revenue from the PoS ecosystem and Bitcoin L2 modules in collaboration with Babylon, while liquidity staking tokens can also obtain additional income from the DeFi ecosystem in partnership with Lorenzo. Lorenzo is expected to start accepting Bitcoin liquidity staking in March.

Lorenzo Protocol is a decentralized liquidity staking platform based on Babylon. Stakers using Lorenzo to stake their Bitcoin with Babylon will receive Bitcoin liquidity staking tokens, which are anchored to the value of Bitcoin.