StBTC Bitcoin Liquid Staking
StBTC is @Lorenzo Protocol Liquid Staking Token specifically for Bitcoin staked via the Babylon protocol. It functions as a receipt representing your staked BTC allowing you to earn yield while maintaining liquidity. Users deposit Bitcoin and receive stBTC which tokenizes their principal. This LST can be redeemed 1 to 1 for BTC offering a reliable exit path. Additionally staking profits are often distributed through companion assets called Yield Accruing Tokens or YATs. This system unlocks Bitcoins value for the broader DeFi ecosystem enabling staking rewards and continued asset utility without lengthy lockup periods. StBTC aims to standardize Bitcoin liquid staking avoiding fragmentation of liquidity across different decentralized finance applications.
EnzoBTC Wrapped Bitcoin Utility
EnzoBTC is a wrapped Bitcoin token from Lorenzo Protocol backed exactly 1 to 1 by BTC reserves. It provides a simple way to use Bitcoin value within the decentralized finance ecosystem. By holding enzoBTC you maintain exposure to Bitcoins price while gaining utility on other chains. A key feature is the option to deposit enzoBTC into Lorenzos Babylon Yield Vault. This allows users to earn staking rewards indirectly offering a hands-off alternative to staking native BTC directly through the Babylon protocol. EnzoBTC thereby transforms a store-of-value asset into a productive one facilitating yield generation and greater interoperability in DeFi applications.
