According to TechFlow, Lorenzo, a Bitcoin liquidity financial layer project, has officially launched the first phase of the mainnet and further expanded to BNB Chain. This upgrade includes opening BTCB staking and improving the Yield Accruing Tokens (YATs) section. Users will be able to receive YAT on BNB Chain. The first phase of the Lorenzo mainnet upgrade aims to expand the ecosystem and optimize the user experience, thereby promoting the development potential of the BTCFi field.
Previously, Lorenzo only collected 250 BTC in the Cap 1 pre-staking Babylon event and provided YAT rewards and points increased to 1.5 million US dollars. He ranked third with a staking rate of 52% in the first phase of the Babylon mainnet. His dual incentive system and staking progress have been recognized by the community. The Cap 2 pre-staking event is expected to be launched soon. Please pay attention to the official follow-up announcement for more details.
