TL;DR: Lorenzo Protocol has cemented a strategic integration with Scroll to enhance the blockchain’s TVL and diversify the Scroll ecosystem by adding new assets and possibilities for users and developers. For stBTC holders, the integration enhances liquidity efficiency while generating additional DeFi opportunities for yield earning. stBTC is now available to bridge between Lorenzo and Scroll on the Lorenzo website and Scroll bridge page.
We’re excited to announce that we’ve formed a strategic integration with Scroll, an EVM-compatible layer 2 blockchain boasting over $1 billion in bridged TVL. The team is working to provide an accessible scaling solution that extends Ethereum’s capabilities through zero-knowledge tech and perseveres the essence of Ethereum — trust-minimized, secure, and open source.
In integrating stBTC with Scroll, we are furthering our mission of advancing the omnichain dominance of the stBTC token. In such a way, we are able to bring seamless integration and interoperability for bitcoin across the Scroll ecosystem.
stBTC: Now On Scroll
stBTC is Lorenzo’s native liquid principle token — a form of liquid staking token that can be thought of as wrapped BTC which represents a depositor’s right to redeem their principal bitcoin deposit balance.
The token is now live on the Scroll blockchain — https://scrollscan.com/address/0xf6718b2701D4a6498eF77D7c152b2137Ab28b8A3
By integrating stBTC into the Scroll ecosystem, Lorenzo provides a pathway for significant liquidity and yield generation across the network. Lorenzo will not only enhance liquidity in the Scroll network but also enable the creation and adoption of more complex DeFi products.
To get started bridging stBTC to Scroll, holders should head to https://app.lorenzo-protocol.xyz/bridgestBTC.
This integration brings several primary benefits to the Lorenzo ecosystem and community members:
- Enhances stBTC adoption and liquidity efficiency
- Provides additional lending and DeFi resources
For Scroll, the adoption of stBTC enhances TVL and diversifies the Scroll ecosystem by adding new assets and possibilities for users and developers. This integration enables projects building on Scroll to access bitcoin security through the shared security liquid staking opportunities that Lorenzo provides users.
About Lorenzo Protocol
Lorenzo Protocol is building the first Bitcoin liquidity finance layer, complete with a Bitcoin liquid staking protocol, to achieve the goal of becoming the premier platform for yield-bearing token issuance, trading, and settlement through Babylon. On its platform, Lorenzo connects Bitcoin stakers — regardless of the size of their holdings — with top-tier projects needing liquidity and security, thus unlocking the liquidity of staked assets and capturing world-class yields for stakers. It offers streamlined Bitcoin management and user protections such as staking insurance, node operator credit scores, anti-slashing mechanisms, and validator permits.
This foundation facilitates seamless integration and interoperability for Bitcoin across the Web3 ecosystem, providing a pathway for significant liquidity and yield generation across networks. By issuing two forms of liquid staking tokens — liquid principal tokens (LPTs) and yield accruing tokens (YATs) — to users upon the completion of their BTC deposit, Lorenzo not only enhances liquidity but also establishes a foundation for a DeFi ecosystem built on these token standards. This enables the creation of more complex DeFi products utilizing stBTC (Lorenzo’s native LPT) and YATs, further exploring the possibilities of Bitcoin finance.
For more information, please visit and follow the regular updates on X (Twitter), Medium, Telegram, and Discord.
About Scroll
Scroll is a native zkEVM Layer 2 scaling solution for Ethereum with lower costs, faster speeds, and infinite scaling, without sacrificing security or decentralization. With bytecode-level compatibility and high composability, building on Scroll is nearly identical to building on Ethereum. Scroll is a globally decentralized team founded in 2021 to solve the Ethereum scaling trilemma. Highly community-focused, Scroll has been building in the open since day one and has contributed significantly to Ethereum’s public zkEVM alongside the Ethereum Foundation’s PSE team. With an eye toward increased decentralization, Scroll’s next milestones are setting up a decentralized prover network and decentralized sequencer.
For more information, visit Scroll’s official website and follow Scroll on X (Twitter).
