Lets Anyone Trade Them Today
The entire product fits in one sentence: you sell future reward ticks while your validator keeps running.
No metaphors, no mascots, just raw interval futures that settle on-chain every six hours.
How it works
1 Deposit LST → protocol counts how many reward ticks are left until your validator unlocks.
2 It mints $BaNk, one token per tick.
3 Sell the tokens if you want cash now, hold them if you want the yield later.
4 When the tick arrives the buyer’s wallet receives the staking payout automatically; your obligation ends.
No margin, no liquidation, no price oracle. The only risk is slashing, and exposure is diced across 240 nodes so a single bad validator can’t dent more than 0.4 % of any user’s stack.
Interest rate is set by weekly auction: bidders post stablecoins, lenders post tick tokens, the clearing price becomes the universal cost of borrowing time for the next epoch. Rate can go flat or spike, but it moves once per week, not every block, so you can quote it to your accountant without blushing.
Code footprint: 1,679 lines, no upgrade proxy, no multi-sig. Parameters are frozen except one knob—tick length—which token holders can adjust between 4 and 12 hours. That is the entire governance surface.
Fees: five basis points per swap, accrued in raw staking rewards and used to pay for audits; no treasury, no team allocation, no foundation wallet.
Cross-chain plan: light-client proof in, tick tokens out. Each new PoS zone adds its own reward stream into the same order book, so you can short Solana ticks against Cosmos ticks without wrapping anything.
Tax treatment: most jurisdictions read the swap as prepaid income, so you spread revenue recognition across the epoch life instead of booking one giant capital event at sale. Lorenzo spits out a csv with UTC timestamps; your CPA will actually thank you.
If global staking rewards are an oil well, $BaNk is the pipeline that lets you sell next month’s barrels today. The well keeps pumping, the pipe keeps routing, and no one has to care about the spot price of crude.
@Lorenzo Protocol #lorenzoprotocol $BANK
