TechFlow News, May 21 — Lorenzo, a liquidity finance layer project for Bitcoin, announced an ecosystem strategic partnership with Bitcoin Layer 2 project Bitlayer. Lorenzo will launch its Beta version on Bitlayer, accepting BTC staking and enabling users to utilize the liquid staking token stBTC within Bitlayer to earn additional yields.
In the Beta version, Lorenzo allows users to lock BTC assets on the platform to mint stBTC and integrate with DeFi projects to generate returns. In the future, users will also be able to re-stake through Babylon’s Bitcoin staking protocol, unlocking more diversified Bitcoin staking yields.
Lorenzo aims to build the first Bitcoin liquidity finance layer based on the Babylon ecosystem, offering crypto investors on Bitlayer and other partner platforms the simplest and most seamless BTC re-staking experience—unlocking staked asset liquidity while capturing optimal staking returns. Lorenzo employs an innovative principal-and-yield separation model, enabling the creation of sophisticated DeFi products built on BTC.
To incentivize participation, Lorenzo plans to offer generous token rewards to early stakers. For more details, please follow Lorenzo's official announcements.
