TechFlow reports that Lorenzo, a Bitcoin liquidity financial layer project, has announced the official launch of its mainnet's first phase, further expanding onto BNB Chain. This upgrade includes opening BTCB staking and enhancing the Yield Accruing Tokens (YATs) offering, allowing users to claim YAT on BNB Chain. The first-phase mainnet upgrade aims to expand the ecosystem and optimize user experience, thereby unlocking the potential of the BTCFi sector.
Previously, during the Cap 1 pre-staking campaign on Babylon, Lorenzo received 250 BTC and offered up to $1.5 million in YAT rewards and points. It ranked third among participants with a 52% staking rate in Babylon’s first-phase mainnet launch, earning community recognition for its dual-incentive system and staking progress. The Cap 2 pre-staking event is expected to launch soon. For more details, stay tuned to official announcements.
