#lorenzoprotocol $BANK El Lorenzo Protocol is a decentralized asset management (DeFi) platform designed to make Bitcoin ($BTC) productive.

It positions itself as a project that seeks to merge traditional asset management with DeFi innovation, offering structured products for retail and institutional users.

🔑 Key Points:

Main Objective: Allows users to stake their Bitcoin ($BTC) while retaining liquidity through derivative assets, enabling them to generate yield across multiple networks.

$BANK: It is the native token of the Lorenzo Protocol.

Usage: It is primarily used for governance and staking. Users can stake $BANK to receive veBANK, granting them voting rights over protocol parameters, yield distribution, and system updates, along with enhanced yield benefits.

Featured Products: The protocol offers a suite of tokenized products, such as:

stBTC: A Liquid Staking Token of BTC.

enzoBTC: A wrapped BTC.

USD1+ OTF (On-chain Tokenized Fund): A financial product that integrates yields from real-world assets (RWA), trading strategies, and DeFi protocols.

Scalability: It is primarily built on BNB Chain and seeks to expand across multiple chains to improve the efficiency of Bitcoin capital and capture various yield opportunities. @Lorenzo Protocol