Lorenzo, the Bitcoin Liquidity Financial Layer Project, announced an ecological strategic cooperation with Bitlayer and launched the Beta version

Odaily News Lorenzo, the Bitcoin liquidity financial layer project, announced that it has reached an ecological strategic cooperation with the Bitcoin Layer 2 project Bitlayer. Lorenzo will launch the Beta version on Bitlayer to accept BTC pledges, and support users to use the liquidity pledge token stBTC generated by the pledge in Bitlayer to obtain additional income. In the Beta version, Lorenzo supports users to lock BTC assets to the platform to mint stBTC and integrate with DeFi projects to obtain income. In the future, it will also support users to pledge to the Bitcoin pledge protocol Babylon. Lorenzo aims to create a Bitcoin liquidity financial layer based on the Babylon ecosystem, and adopts an innovative form of principal and interest separation to make it possible to construct complex DeFi products based on BTC.