What is Lorenzo Protocol (BANK)

Learned by 89.5k usersPublished on 2024.04.01Last updated on 2026.06.02

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  • 交易额(24h)1.42M
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注意:项目简介来自于官方项目团队所发布或提供的信息资料,可能存在过时、错误或遗漏,相关内容仅供参考且不构成投资建议,HTX不会承担任何依赖这些信息而产生的直接或间接损失。

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I. Project Introduction

1. What Is the Lorenzo Protocol?

Lorenzo Protocol is a modular Bitcoin Layer 2 infrastructure built on Babylon, designed to unlock BTC liquidity and integrate it into the DeFi ecosystem. The protocol enables users to earn yield by staking Bitcoin in exchange for yield-bearing tokens such as stBTC and enzoBTC. These tokens can be traded or used to generate additional yield on DeFi platforms. Lorenzo enhances Bitcoin's scalability, enables smart contracts, and provides Layer 2-as-a-service infrastructure by integrating Babylon's staking and timestamping protocols along with Chainlink services. The protocol aims to offer BTC holders an efficient and secure framework for staking and yield management.


2. How Does Lorenzo Protocol Work?

The core components of the Lorenzo Protocol include:

stBTC: A liquid staking token that allows users to stake BTC and earn yield through Babylon's restaking mechanism.

enzoBTC: A decentralized BTC wrapping token that can be used for trading and yield generation on DeFi platforms.

Lorenzo OFT Vaults: Vaults created for trading strategies, supporting asset management, and yield distribution.

These components allow Lorenzo Protocol to unlock BTC liquidity and integrate it with DeFi, increasing Bitcoin's use in decentralized finance.


3. Who Founded Lorenzo Protocol?

The core team of Lorenzo Protocol includes:

Matt Ye: Co-founder and CEO, previously a Trading Engineer at Two Sigma.

Fan Sang: Co-founder and CTO, holds a Ph.D. in Computer Science from Georgia Institute of Technology and has held key roles in multiple technology projects.

Toby Yu: Co-founder and CFO, with extensive experience in finance and blockchain projects.

Tad Tobar: Chief Operating Officer, formerly Head of Operations at ZetaChain, possessing considerable experience in blockchain project management.

Publicly available data indicates that the Lorenzo Protocol has garnered support from entities such as NGC Ventures, MH Ventures, ABCDE Capital, YZI Labs, and 300DAO. The amount of funding secured from these supporters has not been publicly disclosed. Furthermore, Lorenzo Protocol held an IDO public offering on Binance Wallet, which ended on April 18, 2025, and generated approximately $200,000 in funds.


4. Lorenzo Protocol Tokenomics

The total supply of BANK tokens is 2.1 billion, distributed as follows:

Liquidity: 4%

Rewards: 25%

Investors: 25%

Ecosystem & Development: 13%

Team: 15%

Treasury: 5%

Advisors: 5%

Binance Wallet IDO: 2%

Marketing: 3%

Listing: 3%

As of now, the circulating supply is 425.25 million tokens, representing 20.3% of the total supply.


5. Timeline of Key Milestones

May 27 - June 10, 2024: IDO on Particle Launchpad.

April 18, 2025: IDO on Binance Wallet, raising $200,000 with a token price of $0.0048.

May 9, 2025: BANK token price reached an all-time high of $0.0705, approximately 14.7x the IDO price.

Lorenzo Protocol is currently actively expanding its ecosystem, with plans for further integration with more DeFi platforms and services to enhance BTC liquidity and applications.


II. Token Information

Token name: Lorenzo Protocol(BANK)


III. Related Links

Website:https://www.lorenzo-protocol.xyz/
Explorers:https://bscscan.com/token/0x3AeE7602b612de36088F3ffEd8c8f10E86EbF2bF
Whitepaper:https://docs.lorenzo-protocol.xyz/
Social Media:https://twitter.com/LorenzoProtocol

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.

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