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TL;DR: Lorenzo Protocol has partnered with B² Network to allow users to mint and restake stBTC for additional yields. Users can now stake BTC_B2 on the B2 platform to mint stBTC, which can then be cross-chained to BNB and restaked on the Pell platform through the Lorenzo interface. This collaboration enhances stBTC utility, increases user yields, and helps grow the cross-chain community.
We are thrilled to announce that we’ve formalized a strategic partnership with B² Network.
B² Network is a modular Bitcoin Layer 2 solution that introduced B² Rollup, the first Bitcoin rollup based on verification commitment, and B² Hub, the first Bitcoin Data Availability (DA) layer that achieves finality on the Bitcoin network.
B² Network will be familiar to the Lorenzo community, as our teams have already worked together to launch Gold Miner, a BTCFi event run on BNB Chain with weekly raffles and up to 30% APY on Bitcoin staking. Learn more about Gold Miner in our announcement tweet:
Partnership Benefits
This partnership brings several key benefits to our users and the broader BTCFI ecosystem:
- Enhanced stBTC Utility & Ecosystem Expansion: The ability to mint stBTC and cross-chain it to BNB for restaking will increase the utility of stBTC across multiple platforms.
- Increased Yield Generation: The additional staking and restaking features offer users more ways to generate yield on their stBTC holdings.
- Cross-Chain Community Growth: By connecting B² Network and Pell through Lorenzo, the community base for all three partners will grow, attracting a wider range of DeFi users across different chains.
Begin Earning
Our partnership with B2 will enable users to maximize their earnings and enhance the overall utility of stBTC by integrating staking, minting, and cross-chain functionalities.
Through this partnership, users can now:
- Stake BTC_B2 on B² Network: Users can pledge BTC_B2 on the B2 platform and mint stBTC via Lorenzo Protocol. This provides a seamless process for minting stBTC directly on B² Network.
- Cross-Chain Transfer: Once stBTC is minted on the B2 platform, users can transfer it across chains to BNB.
- Restake on Pell for Additional Yields: After crossing stBTC to the BNB Chain, users can restake it on the Pell platform. Pell, known for its decentralized validated services for Bitcoin ecosystems, will offer additional yield-earning opportunities, all accessible through Lorenzo’s user-friendly interface.
Get started with Lorenzo — https://app.lorenzo-protocol.xyz/staking
Begin with the B2 platform — https://buzz.bsquared.network/deposit/7?callback=/farming?tabId=1
Security Integration via Ceffu
To ensure the safety of users’ BTC during this process, the underlying BTC is secured by Ceffu, a leading, secure custodian service. This adds an extra layer of protection as users mint and stake stBTC, providing peace of mind during cross-chain transactions.
Pell Interface and Restake Features
The Pell Network platform has been integrated with Lorenzo’s interface, making it easy for users to restake their stBTC on Pell once it’s transferred to the BNB Chain. By connecting Pell and Lorenzo, we’re offering additional opportunities for users to grow their assets and engage in yield-generating activities seamlessly.
Improving User Experience
Lorenzo has implemented a smooth cross-chain bridging process, guiding users step-by-step as they stake on B² Network, cross-chain to BNB, and restake on Pell. This enhanced user experience will ensure that participants can make the most of their stBTC without friction.
Driving Innovation And Yield Growth
Our partnership with B² Network marks a significant milestone in expanding the capabilities of stBTC and improving the user experience for DeFi participants. We look forward to seeing the positive impact this will have on the DeFi ecosystem and to continuing to provide our users leading BTC yield opportunities..
Stay tuned for future updates!
About Lorenzo Protocol
Lorenzo Protocol is the premier Bitcoin liquidity aggregator, leveraging its global network to provide Bitcoin financial products and yield-bearing tokens support with creation, issuance, trading, and settlement. Through its novel Bitcoin liquidity finance layer, Lorenzo provides anyone with a token and/or structured Bitcoin financial products direct, immediate access to demand through a liquidity ecosystem comprising market makers, trading venues, and other liquidity providers.
A pioneer in Bitcoin liquid staking, Lorenzo introduced a dual Bitcoin staking deposit tokenization system by establishing the liquid principal token (LPT) and yield accruing token (YAT) token standards. This innovation enhances Bitcoin liquidity across the Web3 ecosystem, enabling seamless integration and significant yield generation across networks. The token standards establish a foundation for advanced DeFi products utilizing stBTC (Lorenzo’s LPT) and YATs, unlocking new opportunities in Bitcoin finance.
For more information, please visit and follow the regular updates on X (Twitter), Medium, Telegram, and Discord.
About B² Network
B² Network is a modular Bitcoin Layer2 solution. It introduces B² Rollup, the first Bitcoin rollup based on verification commitment, and B² Hub, the first Bitcoin Data Availability (DA) layer that achieves finality on the Bitcoin network.
