A core component of the Lorenzo Protocol Phase 1 mainnet launch, BNB Chain’s BTCB has been fully integrated into the Lorenzo Protocol staking dApp. As a BNB Chain MVB-winning company, we couldn’t be more excited about this new development.
Starting today, users can stake BTCB directly through BNB Chain to receive stBTC and YAT tokens on BNB Chain while they earn rewards. We are also excited to share that, regardless of whether users initiate staking by staking BTC on the Lorenzo chain or by staking BTCB on BNB Chain, YATs will be claimable on BNB Chain, ensuring that BNB Chain users have higher flexibility with staking.
Furthering Our BNB Chain Integration
We will be launching the first YAT exchange, Lorenzo Ex, on BNB Chain to facilitate the trading of our novel YAT tokens. Users will experience:
- Flexible participation — Stake across different PoS protocols to earn different YATs across a diverse offering of yield options.
- Staking yield trading: Trade YATs in Lorenzo’s YAT Exchange to unlock early access to future staking rewards.
yBBN1 will be the first YAT launched on Lorenzo Ex. It was created for our Cap 1 pre-launch staking event for Babylon and represents the right to earn an allocated share of Cap 1 Babylon points. The yBBN1 YAT will be able to be purchased with BTCB, BNB, and stablecoins on Lorenzo Ex.
stBTC DeFi Collaborations
We aim to integrate stBTC, our native Liquid Principal Token (LPT), into the top DeFi protocols across the BNB Chain BTCFi ecosystem.
Currently, 10+ integrations are slated for launch, with full details coming in future announcements via Lorenzo Protocol social media channels.
To stay informed on all Lorenzo staking updates and opportunities, please visit and follow the regular updates on X (Twitter), Medium, Telegram, and Discord.
