TL;DR: Lorenzo Protocol has partnered with Enzo Finance to enable the lending and borrowing of stBTC, Lorenzo’s native liquid principle token (LPT). Lending and borrowing are now live on https://enzo.finance/.
We are excited to announce Enzo Finance as a DeFi ecosystem partner.
Enzo is the first and top decentralized lending protocol on the BitLayer chain with its cutting-edge algorithm, supporting LP, NFT, and metaverse asset collateralized lending.
Now Live: stBTC Lending & Borrowing
To initiate our partnership, Enzo has integrated stBTC — Lorenzo’s native liquid principle token (LPT) — into its platform for lending and borrowing.
To get started with stBTC on Enzo:
- Head to https://enzo.finance/
- Search “stBTC”
3. Connect wallet to deposit or borrow funds.
Continuing Lorenzo’s Expansion
Our partnership with Enzo Finance marks an exciting milestone in the Lorenzo timeline, as Enzo’s decentralized lending protocol and cutting-edge algorithm are rapidly gaining traction in the Bitlayer ecosystem. This collaboration is a significant step forward in our mission to be the premier platform for yield-bearing token issuance, trading, and settlement through Babylon.
Through our combined efforts and commitment to enhancing the DeFi experience, our platforms will unlock mutual benefits for our users and cultivate a more rewarding ecosystem for all traders and yield seekers.
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.
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