We’re excited to announce our comprehensive integration of the Chainlink Platform. By adopting industry-standard Chainlink services, including CCIP, Price Feeds, and Proof of Reserve, Lorenzo will enhance the utility of its Bitcoin liquidity finance layer.

“We are excited to be adopting the industry-standard Chainlink Platform to significantly enhance the utility of our Bitcoin liquidity finance layer. By leveraging Chainlink, Lorenzo can rapidly scale and innovate within the BTCFi ecosystem to accelerate its adoption” — Matt Ye, Founder & CEO, Lorenzo Protocol

Lorenzo, one of the largest platforms for Bitcoin liquid staking token issuance, addresses the growing global demand for Bitcoin liquidity through its global network of market makers, trading venues, and liquidity providers. It supports an efficient market where Bitcoin holders can invest their unused liquidity and find optimal opportunities for yield generation. By implementing Babylon’s Bitcoin shared security concept, Lorenzo enables users to stake Bitcoin liquidity into proof of stake chains, earning rewards while contributing to the security of these networks. The platform tokenizes staked Bitcoin into liquid principal tokens and yield accruing tokens, providing liquidity for DeFi projects.

Lorenzo’s infrastructure supports the issuance, trading, and settlement of these Bitcoin staking tokens, fostering a decentralized financial ecosystem centered around Bitcoin liquidity. Ultimately, Lorenzo aims to unlock the value of staked Bitcoin while offering projects access to the liquidity they require.

In order to help support secure markets around our stBTC token, we need access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. After reviewing various data solutions, we selected Chainlink Price Feeds because it has the highest levels of security and reliability of any oracle network in the industry.

Part of our adoption is the integration of Chainlink Proof of Reserve to help cryptographically verify that our assets are fully backed 1:1. Proof of Reserve provides smart contracts with the data needed to calculate the true collateralization of any on-chain asset backed by off-chain or cross-chain reserves.

We’re also integrating Chainlink CCIP as an interoperability solution, with various novel features, including:

• Defense-in-depth security — CCIP’s consensus layer is powered by the same Chainlink Decentralized Oracle Network (DON), infrastructure that has secured $75+ billion in DeFi TVL at its peak and enabled $16+ trillion in on-chain transaction value since the start of 2022. Each CCIP transfer is redundantly validated by multiple DONs, including an independent Risk Management Network that continuously monitors and validates the behavior of CCIP — a wholly unique concept in cross-chain interoperability that builds upon established engineering principles (N-version programming).
• Secure Token Transfers — CCIP simplifies the process of transferring tokens cross-chain by providing audited token pool contracts that abstract away the complexity of cross-chain validation, without imposing vendor lock-in on token issuers. CCIP token transfers also feature additional security functions such as configurable rate limits and reliability features such as Smart Execution that help ensure reliable transaction execution on the destination chain, regardless of blockchain network congestion.
• Programmable Token Transfers — CCIP enables the transfer of value (via tokens) cross-chain along with data instructions informing the receiving smart contract on what to do with those tokens once they arrive on the destination chain. Through cross-chain programmability, CCIP can condense a complex set of actions involving multiple users, blockchains, and assets down to a single atomic cross-chain instruction.
• Extendable and future-proof — CCIP is built to be future-proof for developers, where future improvements can continue to be made, including the integration of new blockchain networks, the onboarding of additional tokens, and the incorporation of new defense-in-depth approaches to security.

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 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 Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $16 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, off-chain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

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