Satoshi Protocol is pleased to announce a strategic collaboration with Lorenzo Protocol, the pioneering Bitcoin Liquidity Finance Layer. This collaboration aims to unlock new possibilities for Bitcoin in the DeFi space.
In the near future, Satoshi Protocol will support stBTC issued by Lorenzo Protocol as collateral to borrow our stablecoin, SAT.
What is Lorenzo Protocol
Lorenzo Protocol is pioneering the development of the first liquid restaking protocol on Bitcoin with the goal of becoming the premier platform for yield-bearing token issuance, trading, and settlement through Babylon.
On its platform, Lorenzo connects Bitcoin stakers — regardless of the size of their holdings — with top-tier projects in need of liquidity and security. It offers streamlined Bitcoin management and user protections such as staking insurance, node operator credit scores, anti-slashing mechanisms, and validator permits.
Its core functionalities include:
- Tokenization of Staked BTC: Lorenzo transforms staked Bitcoin into Liquid Principal Tokens (LPT) and Yield Accruing Tokens (YATs). These tokens unlock liquidity for DeFi applications and represent ownership and yield generation from the underlying staked Bitcoin.
- Vibrant Marketplace for LPTs & YATs: Lorenzo fosters a thriving marketplace for trading these tokens, enabling users to efficiently manage their restaking positions.
- Yield Distribution: The platform ensures users receive the designated yield generated from their restaking activities.
How This Partnership Benefits Users
This collaboration between Satoshi Protocol and Lorenzo Protocol creates a powerful force for propelling the growth and adoption of Bitcoin DeFi:
- Support for stBTC: By allowing users to leverage stBTC as collateral for SAT borrowing, this partnership offers users additional flexibility and utility.
- Streamlined DeFi Access: By combining forces, both protocols aim to simplify the process for Bitcoin holders to access lucrative yield opportunities within the DeFi space.
- Increased Liquidity: By supporting stBTC as collateral, Satoshi Protocol injects additional liquidity into the BTCFi ecosystem.
We believe that by supporting stBTC as collateral, this partnership with Satoshi Protocol will offer users a more effective way to use their assets. With SAT, users can access better yield opportunities and unlock the liquidity of BTC staking
Lorenzo Founder
Conclusion
The collaboration between Satoshi Protocol and Lorenzo Protocol represents a symbiotic relationship that unlocks significant benefits for both platforms and, most importantly, our users. By working together, we are paving the way for a more inclusive, efficient, and rewarding DeFi experience for all Bitcoin holders.
About Lorenzo Protocol
Lorenzo Protocol is pioneering the development of the first liquid restaking protocol on Bitcoin with the goal of becoming the premier platform for yield-bearing token issuance, trading, and settlement through Babylon.
On its platform, Lorenzo connects Bitcoin stakers — regardless of the size of their holdings — with top-tier projects in need of liquidity and security. It offers streamlined Bitcoin management and user protections such as staking insurance, node operator credit scores, anti-slashing mechanisms, and validator permits.
This foundation facilitates seamless integration and interoperability across the ecosystem, providing a pathway for significant liquidity and yield generation across networks.
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About Satoshi Protocol
Satoshi Protocol is a universal stablecoin protocol built for Bitcoin. It empowers users to deposit their Bitcoin as collateral and borrow stablecoin SAT, on either Bitcoin Layer 1 or Layer 2.
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