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TL;DR: Lorenzo Protocol has established a partnership with APRO Oracle, the first bitcoin DeFi oracle, to create stBTC price feeds across chains and improve the usability of stBTC by providing downstream DeFi projects with stBTC price feeds that are fast, cost-effective, and reliable.
We’re excited to partner with APRO Oracle, the first leading native Bitcoin oracle providing price oracle support for Lighting Network, RGB++, Runes Protocol, and more. Trusted by bitcoin DeFi applications like Avalon Labs and bitSmiley, APRO provides reliable data solutions with data aggregated from several institutional-grade data providers and exchanges, including Coinbase, Binance, OKX, and more.
The partnership is set to bring secure, stable, customized, and efficient price feeds for stBTC across all chains, with BNB Chain already supported and Mode and Scroll coming soon. Price feed technical support will also be available for APRO users engaging with stBTC. This will improve the usability of stBTC, ensuring downstream DeFi projects in need of stBTC price feeds have access to fast, cost-effective data.
Furthermore, Lorenzo and APRO will engage in ecosystem co-building, with APRO introducing more bitcoin Layer2s and bitcoin DeFi projects to Lorenzo, and vice versa.
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.
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About APRO Oracle
APRO Oracle is a decentralized oracle network specifically tailored for the Bitcoin ecosystem. As the first to support the Lighting Network, RGB++, Runes Protocol, it aims to deliver faster, more secure, and cost-effective data services with a rapid response to new assets and exceptional accuracy, ensuring comprehensive data support for the entire ecosystem. With the widest coverage in the Bitcoin ecosystem, APRO Oracle integration with 20+ chains, support for 120+ assets, and partnerships with 100+ Bitcoin projects.