stBTC vs enzoBTC: the same Bitcoin, different decisions
When Bitcoin enters DeFi, not all users seek the same thing. Some prioritize simplicity and conservation of the asset; others, flexibility and composability. Understanding this difference is key to correctly interpreting products like stBTC and enzoBTC.
stBTC represents a clear choice: exposure to Bitcoin with yield generation under a direct logic. The user delegates staking and maintains a liquid asset that reflects that participation. The focus is on keeping BTC productive without operational complexity.
enzoBTC responds to another need. It is not designed as a final product, but as a base piece to build strategies. By wrapping BTC in a more flexible format, it allows integration into vaults, composite structures, and more advanced DeFi flows.
The difference is not technical, but strategic. stBTC fits better in profiles that prioritize predictability and minimal intervention. enzoBTC makes sense for those managing portfolios, treasuries, or strategies where Bitcoin is a component that must interact with other systems.
Both products start from the same asset, but respond to different decisions about control, flexibility, and risk. This segmentation is deliberate: not all BTC should behave the same.
In that design, the token $BANK allows governing how these products evolve and under what criteria they integrate within the ecosystem.
@Lorenzo Protocol proposes a simple but uncommon idea: in asset management, the right product depends on the user's role, not the underlying asset.
Image: Lorenzo Protocol posted on X
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This publication should not be considered financial advice. Always conduct your own research and make informed decisions when investing in cryptocurrencies.
