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TL;DR: Lorenzo Protocol has completed an integration with Wormhole to bring access to multichain liquidity to its assets, starting with stBTC and enzoBTC. Together, these assets now account for 50% of the available BTC assets for cross-chain bridging on Wormhole. Lorenzo users can now transfer the assets to Sui and BNB Chain, with 1,000 enzoBTC, 500 stBTC, and an initial milestone of $1 million in stBTC liquidity achieved on Sui.
We’re thrilled to announce a transformative integration between Lorenzo Protocol and Wormhole, the leading interoperability platform powering multichain applications and bridges at scale.
Through this integration, Lorenzo’s native assets — stBTC and enzoBTC — are now fully whitelisted on Wormhole, positioning them as essential BTC assets within the Wormhole ecosystem. With Ethereum designated as the canonical chain for Lorenzo assets, this integration allows users to seamlessly transfer stBTC and enzoBTC from Ethereum to Sui and BNB Chain.
Transfer Assets — https://linkly.lorenzo-protocol.xyz/wormhole-announcement-blog
This strategic move brings access to new levels of liquidity and utility to Lorenzo assets, with stBTC and enzoBTC now making up 50% of all BTC assets available for cross-chain bridging on Wormhole!
Taking Key Lorenzo Assets Multichain
Our integration with Wormhole represents a powerful step forward in our ongoing mission to expand the accessibility and liquidity of stBTC and enzoBTC across top blockchain networks. We’re leveraging Wormhole’s Portal Token Bridge, built by xLabs, which offers unlimited transfers across over 30 chains for tokens and NFTs.
While there is plenty of room to continue growing into this new integration, Lorenzo assets have already quickly established a foundational presence on Sui, with 1,000 enzoBTC and 500 stBTC now live on the network and an initial milestone of $1 million in stBTC liquidity achieved. This liquidity injection strengthens the Sui DeFi landscape, offering users new opportunities to leverage BTC assets on the network and further solidifies Lorenzo’s leading position within the multichain landscape.
These early liquidity milestones underscore our commitment to supporting thriving Web3 ecosystems for users and developers alike, fostering greater engagement and accessibility across DeFi platforms for BTC assets.
Key Highlights Of The Integration
Ethereum as Canonical Chain
Ethereum is designated as the canonical chain for Lorenzo assets, establishing a centralized foundation for liquidity and compatibility across the Wormhole ecosystem.
50% of BTC Assets on Wormhole
stBTC and enzoBTC collectively represent 50% of all BTC assets available for cross-chain bridging on Wormhole, reinforcing their relevance and liquidity potential across DeFi protocols.
Whitelisting on Wormhole
Both enzoBTC and stBTC are whitelisted, allowing for optimal accessibility and support across Wormhole-connected chains.
Major Liquidity on Sui
With over $1 million in stBTC liquidity on Sui, Lorenzo Protocol has set a strong foundation for cross-chain activity, enhancing access and engagement opportunities for users.
Cross-Chain Bridging Options
- enzoBTC: Available for bridging from Ethereum to Sui and BNB Chain.
- stBTC: Supported for cross-chain bridging from Ethereum to Sui and BNB Chain.
Wormhole-Connect for Enhanced Interoperability
Through Wormhole-connect, Lorenzo Protocol has implemented cross-chain functionality, beginning with essential connections between Ethereum and Sui.
How to Transfer Your Assets
Lorenzo users can easily transfer their stBTC and enzoBTC assets across chains via the Portal Token Bridge on Wormhole.
Looking Ahead
This integration with Wormhole marks a significant advancement in expanding access to multichain liquidity and accessibility for Lorenzo Protocol assets. By designating Ethereum as the canonical chain and achieving whitelisted status on Wormhole, Lorenzo Protocol is providing its community with unmatched flexibility and reach in the blockchain space. With stBTC and enzoBTC now representing 50% of all BTC assets on Wormhole and over $1 million in liquidity on Sui, we’re setting the stage for a more versatile and interconnected DeFi experience.
Stay tuned as we continue to expand the capabilities of Lorenzo assets across the multichain ecosystem alongside Wormhole!
About Lorenzo Protocol
Lorenzo Protocol is the Bitcoin liquidity finance layer, offering breakthrough Bitcoin financial instruments to advance BTC savings performance and triumph in the booming Bitcoin DeFi landscape. Powered by a breakthrough decentralized token economy comprising enzoBTC (wrapped BTC standard), stBTC (staking receipt token), and yield-bearing tokens, Lorenzo distributes on-chain Bitcoin liquidity across DeFi, empowering depositors with premier yield opportunities. For creators of Bitcoin financial products, Lorenzo provides seamless access to liquidity through a global network of market makers, trading venues, and liquidity providers.
Backed by Binance Labs, Lorenzo has accumulated over $100 million in TVL and ensures security with institutional-grade solutions and an in-house team of cybersecurity experts. All Lorenzo LSTs are minted on BNB Chain, ensuring a secure and reliable experience for Bitcoin holders.
For more information, please visit and follow the regular updates on X (Twitter), Medium, Telegram, and Discord.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
