TL;DR: Lorenzo Protocol has partnered with Swell Network to integrate stBTC into Swell’s new BTC-denominated vault, earnBTC. This collaboration allows stBTC holders to deposit their assets and earn automated, risk-adjusted yields, in addition to receiving rewards through Swell’s ecosystem campaigns. earnBTC supports a range of BTC tokens and is designed to provide DeFi investors with high-yield opportunities through multi-layered incentives, including SWELL and NUCLEUS tokens, as well as ecosystem points.
We’re proud to announce that we’ve cemented a partnership with Swell, a non-custodial staking protocol and creator of swBTC, the first BTC liquid restaking token (LRT) to offer restaking yield from the Ethereum ecosystem.
This partnership introduces a powerful new earning avenue for stBTC holders through the integration of stBTC into Swell’s earnBTC vault, a product designed to deliver robust, automated yields with additional reward layers. Our collaboration with Swell Network marks another significant milestone in our ongoing mission to increase DeFi yield opportunities for BTC holders, empowering them to maximize yields while participating in the growing BTCFI ecosystem.
stBTC Earn Vault Integration
As part of our continued efforts to provide robust and diversified earning opportunities for our users, we’re excited to announce the integration of stBTC into Swell’s new BTC Earn product. This product is designed to maximize the utility and yield potential of whitelisted BTC forms by deploying them into strategic DeFi environments.
Swell’s earnBTC vault provides a secure, BTC-denominated yield solution for DeFi users. Holders of stBTC and other supported BTC tokens — such as WBTC, swBTC, FBTC, tBTC, LBTC, and pumpBTC — can deposit their assets into earnBTC, receiving an ERC-4626 token, which represents their share of the vault. The yield-bearing earnBTC token accrues value over time, with returns realized upon redemption.
Deposit now: https://app.swellnetwork.io/earn/earnbtc
View the vault address: https://etherscan.io/address/0x215dc1cc32d9d08a0081e55e55895c8cf006839a
Multi-Layered Incentives for stBTC Holders
This integration not only delivers competitive yields but also strengthens the utility and liquidity of stBTC within the broader DeFi ecosystem. Through this partnership, stBTC holders benefit from multiple reward streams within the earnBTC vault:
SWELL Token Incentives
Deposits into earnBTC are rewarded with SWELL token incentives as part of Swell’s WaveDrop campaign. Every 10 weeks, around 1% of the SWELL token supply is distributed among participants (up to a total of 7.5% across the campaign), with BTC deposits receiving 3X “Black Pearls,” which represent a share of these rewards.
NUCLEUS Token Incentives
Depositors in the earnBTC vault are also eligible for NUCLEUS token incentives through Swell’s broader DeFi network. This additional layer of incentives provides an appealing opportunity for those looking to optimize returns from their BTC holdings.
DeFi Yield on Ethereum Mainnet
Yield generated from the Defi ecosystem on Ethereum mainnet from whitelisted protocols including Pendle, Ion, and Morpho.
To get started, stBTC holders can deposit their tokens directly into the earnBTC vault via Swell’s platform. Learn more about the earnBTC vault by exploring Swell’s documentation and visiting the earnBTC product page. For additional technical insights, the vault’s audit reports are available for review.
About Lorenzo Protocol
Lorenzo Protocol is the Bitcoin liquidity 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 $200 million in TVL and safeguards assets 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 Swell Network
Swell is Ethereum’s restaking yield layer, offering liquid staking and re-staking primitives for DeFi, along with the first vertically integrated L2 restaked rollup.
