Lorenzo
Bitcoin Liquidity Layer

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TheMission

To be the premier Bitcoin platform for yield-bearing token issuance, trading, and settlement.

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Streamlined BTC management ONLorenzo Layer

Lorenzo matches Bitcoin stakers with world-class projects in need of liquidity and security

step 1

Stake BTC

Users deposit BTC to a staking plan created by a project in need of BTC liquidity. Once deposited, a Staking Agent stakes the BTC to the staking plan creator on behalf of the user.
Step 2

Get LST

Once staking has begun, the Staking Agent mints two forms of Liquid Staking Tokens (LST) on Lorenzo: Liquid Principal Tokens (LPT) and Yield-Accruing Tokens (YAT). Once minted, the tokens are transferred to the staker.
step 3

Hold / Use

Stakers can now hold/use their received LPTs and YATs in the Lorenzo DeFi ecosystem and beyond.
step 4

Withdraw BTC

Once the staker is ready to redeem their accrued yield and withdraw their BTC principal, they burn their LPTs and YATs. Then, the same Staking Agent that issued their YAT upon deposit will transfer the owed funds.

BTCLiquid STAKING

Typically, liquid staking protocols only ever stake funds to the native Layer 1, limiting reward opportunities. Staking Bitcoin through Lorenzo to Babylon, however, opens doors to numerous Proof of Stake (PoS) chains, empowering stakers to earn rewards in a plethora of ways and maximize yield while maintaining their liquidity.

Our portal

Explore our liquid staking portal to start earning yield.

Supported PoS

Babylon Logo

THELorenzo Layers

Issuance

Projects requiring Bitcoin liquidity can issue yield bearing financial instruments to acquire liquidity from Bitcoin stakers, who will earn yield on staked BTC.

To offset risk, Lorenzo will issue Bitcoin liquidity stakers stBTC, the native Lorenzo liquid restaking token (LRT), for their staked liquid principal token (LPT), and also mint yield-accruing tokens (YAT) for the staking period. YAT holders can claim all rewards at the time of maturity.

Exchange/Trading

Both the Liquid Principal Token (LPT) and Yield-Accruing Token (YAT) can be freely traded and utilized throughout Lorenzo’s DeFi ecosystem.

Settlement

When the Yield-Accruing Token (YAT) matures, Stakers will retrieve their earned rewards and staked BTC through Lorenzo’s settlement system.
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