#lorenzoprotocol
Lorenzo Protocol is a DeFi platform built mainly on the BNB Smart Chain. Its big idea is to let people earn yield on their Bitcoin without losing liquidity. Instead of locking up BTC and never touching it, you can stake it through Lorenzo and get tokenized versions—so you earn rewards, and you can still use the tokens in other DeFi activities.
They also offer structured financial products called On-Chain Traded Funds (OTFs). These use real-world assets, trading strategies, and DeFi yield to give users diversified, professional-grade yield.
Some special tokens Lorenzo supports:
* **stBTC**: A liquid staking token, representing your BTC stake and the yield coming in.
* **enzoBTC**: A wrapped-BTC style token that can be used in DeFi for yield or as collateral.
* **USD1+ / sUSD1+**: Stablecoin-based fund products where you earn yield from different strategies.
BANK is the “go-to” token of Lorenzo. Holders can stake it to get **veBANK**, which gives voting rights and lets them influence how the protocol evolves — like changing fees or deciding on new strategies.
Rewards : By staking BANK, you can earn a share of the protocol’s fees.
Governance : veBANK (from staking) lets users vote on protocol decisions.
It brings **professional asset management** to crypto: instead of just farming or staking, users can tap into fund-like strategies.
* It unlocks **Bitcoin liquidity**: BTC holders can earn rewards without locking up or giving up their Bitcoin.
* Everything is **transparent and on-chain**: deposits, strategy execution, and yield are managed by smart contracts you can audit.
* The protocol is **audited** — for example, its FBTC Vault has been through security review.
Lorenzo Protocol is trying to build a bridge between traditional finance and DeFi by giving people a way to invest their Bitcoin smartly. The **BANK token** is their way of tying this ecosystem together — letting you vote, earn.
