Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy

What is Lorenzo Protocol (BANK)?

Newly listed

Lorenzo Protocol basic info

Name:Lorenzo Protocol
Ticker:
Introduction:

What Is Lorenzo Protocol (BANK)?

Lorenzo Protocol is the first Bitcoin liquidity finance layer. It is designed to meet the growing demand for Bitcoin liquidity across Layer 2 solutions, decentralized finance (DeFi) platforms, and staking ecosystems. As Bitcoin adoption accelerates globally, investors seek new ways to earn yield from their holdings. Lorenzo addresses this demand by creating a platform where Bitcoin holders can stake their unused Bitcoin and access financial products tied to staking rewards.

At the core of Lorenzo Protocol is the concept of making Bitcoin liquidity more efficient and accessible. It enables Bitcoin holders to stake their assets into Proof-of-Stake (PoS) ecosystems like Babylon, earning rewards without giving up ownership of their Bitcoin. Lorenzo achieves this by tokenizing staked Bitcoin into two types of assets: Liquid Principal Tokens (LPTs) and Yield Accruing Tokens (YATs). These tokens can be used within the DeFi ecosystem, giving users flexibility to trade, lend, or hold their tokenized Bitcoin.

Lorenzo Protocol aims to create a structured and transparent environment for Bitcoin financial vehicles. It uses a combination of decentralized and trusted institutional models to overcome Bitcoin's limited programmability, providing a flexible and secure foundation for Bitcoin liquidity finance. Investors can explore staking, liquidity provision, and DeFi participation through a single platform built specifically for Bitcoin assets.

How Lorenzo Protocol Works

Lorenzo Protocol has built a system that lets Bitcoin holders stake their BTC, tokenize it, and use it across different decentralized finance applications:

1. Bitcoin Staking and Tokenization

Bitcoin holders stake their BTC into projects like Babylon through Lorenzo. When BTC is staked, Lorenzo issues stBTC (Liquid Principal Tokens) and YATs (Yield Accruing Tokens) to the user, representing the staked amount and the yield separately.

2. Decentralized Custody and Relayers

Custody of Bitcoin is managed through trusted institutions like Cobo, Ceffu, and Chainup. Relayers validate Bitcoin blockchain transactions and submit block headers to the Lorenzo appchain, ensuring transparency and decentralization in tracking staking activities.

3. stBTC Minting and Settlement

Minting stBTC involves verifying the Bitcoin transaction against specific conditions, including OP_RETURN data and confirmed block headers. Settlement ensures that stBTC holders can reclaim their principal BTC when unstaking, even after trading their stBTC tokens.

4. DeFi Ecosystem for stBTC and YATs

Lorenzo builds a DeFi ecosystem around its staking tokens. Users can trade stBTC and YATs, use them as collateral in lending protocols, and create structured yield products like Bitcoin fixed-income instruments.

5. EnzoBTC: Decentralized Wrapped Bitcoin

Lorenzo also offers enzoBTC, a decentralized version of wrapped Bitcoin. EnzoBTC is designed for greater flexibility across DeFi platforms and allows users to earn yield while maintaining Bitcoin exposure.

6. Phased Launch and Expansion

In Phase One, Lorenzo focuses on basic staking into Babylon and issuing stBTC. In Phase Two, the platform expands to accept Bitcoin-equivalent assets (e.g., wBTC, BTCB) and introduces Yield Accruing Tokens (YATs) to separate principal and yield more efficiently.

What Is BANK Token?

The BANK token is the native utility and governance token of Lorenzo Protocol. It plays a central role in managing staking activities, reward distribution, and participating in Lorenzo’s decentralized governance framework. The total supply of BANK is 425.25 million tokens. Holders of BANK tokens can also benefit from reward multipliers, ecosystem incentives, and governance rights as the Lorenzo platform evolves.

Should You Invest in Lorenzo Protocol?

Lorenzo Protocol offers a new way for Bitcoin holders to participate in decentralized finance and staking opportunities. Like any early-stage blockchain project, it carries both potential rewards and risks. Investors should consider their own goals and risk tolerance carefully before getting involved.

Conclusion

Lorenzo Protocol introduces a new layer of Bitcoin liquidity finance by tokenizing staked Bitcoin and unlocking new possibilities within the DeFi ecosystem. With products like stBTC, YATs, and enzoBTC, the platform offers Bitcoin holders opportunities to earn yield while maintaining liquidity. Lorenzo’s hybrid approach, combining decentralized infrastructure with trusted custodians, aims to address Bitcoin's technical limitations for financial applications. As Bitcoin’s role within decentralized finance continues to expand, platforms like Lorenzo may play a key role in shaping the future landscape of blockchain-based financial services.

Show more
Current price:
All-time high:$0.05627
All-time low:$0.01839

BANK supply and tokenomics

Circulating supply:425,250,000 BANK
Total supply:425,250,000 BANK
Max supply:2,100,000,000 BANK
Market cap:$14.64M
Fully diluted market cap:$72.31M

Links

Buy Lorenzo Protocol for $1Buy BANK now

What is the development prospect and future value of BANK?

The market value of BANK currently stands at $14.64M, and its market ranking is #919. The value of BANK is not widely recognized by the market. When the bull market comes, the market value of BANK may have great growth potential.

As a new type of currency with innovative technology and unique use cases, BANK has broad market potential and significant room for development. The distinctiveness and appeal of BANK may attract the interest of specific groups, thereby driving up its market value.

What will the price of BANK be in 2026?
Based on BANK's historical price performance prediction model, the price of BANK is projected to reach $0.03069 in 2026.
What will the price of BANK be in 2031?
In 2031, the BANK price is expected to change by +8.00%. By the end of 2031, the BANK price is projected to reach $0.04525, with a cumulative ROI of +30.62%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of BANK and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is BANK worth investing or holding? How to buy BANK from a crypto exchange?

If you want to buy BANK, the following information may be helpful for your investment decisions:
In the last 7 days, the price of BANK has fallen by -18.25%, leading to negative returns for most BANK investors. The market is currently pessimistic about the price trend of BANK.
It is important to note that the current price of BANK has retreated by -38.80% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether BANK is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in BANK or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of BANK, if you want to buy or sell BANK, you can consider Bitget for your trading needs. The best place to buy BANK is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Lorenzo Protocol has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Lorenzo Protocol. Here's a step-by-step guide on how to buy Lorenzo Protocol on Bitget.

How to get Lorenzo Protocol through other methods?

Using cash to buy Lorenzo Protocol is not the only way to obtain Lorenzo Protocol. If you have the time to spare, you can get Lorenzo Protocol for free.
Learn how to earn Lorenzo Protocol for free through the Learn2Earn promotion.
Earn free Lorenzo Protocol by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Lorenzo Protocol airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Lorenzo Protocol through Bitget Convert, Bitget Swap, or spot trading.

What is Lorenzo Protocol used for and how to use Lorenzo Protocol?

The use case of Lorenzo Protocol may expand as the crypto market and the project itself develop. Currently, you can use BANK to achieve the following goals:
Arbitrage by trading BANK: Since BANK is a frequently traded cryptocurrency, the price of BANK is always fluctuating. Earn more BANK by buying low and selling high on the exchange. Bitget spot market provides a variety of BANK trading pairs to fully meet your needs.
Earn by staking BANK: You can also generate income through financial management methods such as staking BANK or lending BANK. Bitget Earn offers a variety of financial products designed to help you earn more income from your BANK.
Send or pay BANK: If you want to give BANK to your friends, a charity, or a fundraiser, or you want to pay someone with BANK, you can quickly and easily send BANK to the recipient through their payment address.
You can also go to the official website of the Lorenzo Protocol project to learn more about the use cases of BANK. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Learn about other cryptos

Recently added coin prices

More
A selection of recently added coins

Trending coin prices

More
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours
JUST priceJUSTAlchemy Pay priceAlchemy Pay
PUMPAI pricePUMPAI
ARPA priceARPA
Zebec Network priceZebec Network
Bubblemaps priceBubblemaps
Spectral priceSpectral
Stacks priceStacks

Where can I buy Lorenzo Protocol (BANK)?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
Download Bitget APP on Google PlayDownload Bitget APP on AppStore
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.