Lorenzo Protocol

Lorenzo Protocol is an on-chain asset management platform that turns traditional financial strategies into tokenized products. It is designed to offer restaking rewards, liquidity, and yield opportunities to BTC holders. The protocol introduces yield-bearing tokenized Bitcoin, stBTC, and enzoBTC, a wrapped version of Bitcoin, across several blockchain networks. The network is fueled by its native governance token, BANK.

Lorenzo Protocol (BANK) was co-founded by Matt Ye, Fan Sang, and Toby Yu.

• BANK token: The BANK token primarily functions as a governance token, but it can also facilitate transactions within the platform and reward users who interact with the platform or participate in community activities.

• stBTC: stBTC is Lorenzo’s liquid staking token for BTC staked through Babylon. It represents users’ staked BTC and can generate yield for holders, while remaining liquid. Users can redeem it 1:1 for BTC, with extra rewards paid out through YAT tokens.

• enzoBTC: enzoBTC is a wrapped Bitcoin token backed 1:1 by BTC. It lets holders use BTC in DeFi and can be deposited into Lorenzo’s Babylon Yield Vault to earn staking rewards without staking native BTC directly.

• Strong backing: Lorenzo Protocol is backed by prominent investors in the crypto space, including YZi Labs, BNB Chain, Geekcartel, NGC Ventures, and Animoca Brands.

BANK powers a protocol in the growing Bitcoin L2 space, giving it an edge, especially for users interested in Bitcoin restaking and BTC-based yield opportunities. The protocol brings liquid restaking to the Bitcoin ecosystem, enabling users to earn rewards on BTC while keeping it liquid through tokens like enzoBTC and stBTC. It is integrated with several Bitcoin Layer 2s, making it well-positioned in the BTC DeFi landscape. However, like all other cryptos, its long-term success depends on the broader adoption of Bitcoin L2s and the overall crypto market conditions.

You can buy BANK from crypto platforms like CoinSwitch.

• BANK can be bought and traded on crypto platforms like CoinSwitch. 

• The token is used to facilitate transactions within the platform and also to reward users who interact with it or participate in community activities.

• Users can stake BANK to access protocol privileges and earn staking rewards.

• BANK holders can participate in governance and vote on proposals related to the protocol operation.

• Lorenzo unlocks liquidity in BTC, allowing liquid restaking where holders can earn yield while keeping their BTC usable in DeFi.

• As a multi-chain BTC restaking protocol, Lorenzo integrates with several Bitcoin Layer 2 (L2s).

• It bridges traditional finance and DeFi by tokenizing yield-generating strategies.

• BANK is subject to market volatility like all cryptos.

• Smart-contract vulnerabilities and validator-performance risks are common in restaking protocols.

• Concepts such as stBTC and Yield Accruing Tokens (YAT) might pose complications for new users.

• Start investing in BANK with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Lorenzo Protocol held its Token Generation Event (TGE) on Binance Wallet on April 18, 2025, raising over $200K. While Lorenzo Protocol is backed by prominent investors in the crypto space, including YZi Labs, BNB Chain, Geekcartel, NGC Ventures, and Animoca Brands, the amount of funds raised is undisclosed.