$BANK is the governance and utility asset of the #LorenzoProtocol a DeFi platform that seeks to unlock liquidity from Bitcoin and create financial instruments tied to BTC such as liquid tokens (for example, $stBTC and $enzoBTC) that can be used across different blockchains. Holders of $BANK can stake to receive veBANK, granting them voting rights on key protocol decisions, such as changes in fees, reward distributions, or new integrations, which helps the community directly influence the project's development direction.
