🧵【玩转链第 6 弹】Lorenzo Protocol: "Financial Alchemy" on Bitcoin, is it the Holy Grail of DeFi or an incomprehensible black box?
When reviewing various protocols in the BTCFi track, Lorenzo Protocol @Lorenzo Protocol $BANK is worth paying attention to. Skipping market sentiment, three core logic points are sorted out from the fundamentals for rational reference:
1️⃣ Backing by investors and liquidity certainty
Binance Labs led the investment, and it was the first IDO project of the Binance Web3 Wallet (April 2025). Projects that have passed Binance's due diligence inherently filter out many non-systematic risks.
▸ Other core investors:
HTX Ventures (Huobi Investment)
Foresight Ventures
NGC Ventures
ABCDE Capital (a fund founded by Du Jun and BMAN, sensitive to technology projects)
ArkStream Capital, Waterdrip Capital, etc.
▸ Current status (as of the end of 2025):
The project has issued its token (BANK) and is already trading on platforms like LBank, Biconomy, PancakeSwap.
TVL (Total Value Locked) once surpassed $600 million in March 2025, demonstrating strong capital absorption capabilities.
2️⃣ The team's "financial engineering" gene
Looking closely at the team's background, the Founder has experience in top market makers Jump Trading and Akuna Capital. This not only represents coding ability but also signifies top-level financial engineering thinking. They are not just doing simple nesting; they are reconstructing on-chain returns using TradFi's quantitative logic.
3️⃣ The elevation of product narrative: OTF
Lorenzo has moved beyond simple LSD competition, shifting towards "on-chain asset management." Through OTF (On-Chain Traded Funds) and a principal-interest separation mechanism, it has effectively become a platform for issuing structured products. This infrastructure capable of carrying complex strategies is the real reason Smart Money is willing to enter the market.
💡 Conclusion: In the current market conditions, this kind of "regular army" with strong investor backing and high technical barriers is worth adding to the core observation list.
