What is the project working on?
Lorenzo Protocol launched on the BNB Chain in April 2025 with a total supply of 2.1 billion tokens, with a hard cap and no additional issuance. What it does can be understood like this: it bundles the yield strategies from traditional finance into on-chain products, then plugs them into DeFi. Its three business lines are: stBTC, which captures the BTC staking rewards from Babylon; enzoBTC, which provides cross-chain wrapped BTC; and USD1+, which is an on-chain, fund-like yield certificate. The underlying system mixes RWA, quantitative strategies, and DeFi strategies.
The endorsing party includes YZi Labs (formerly part of Binance Labs). Binance Wallet previously conducted an exclusive TGE for it, and later listed both spot and perpetual contracts. The community is also willing to provide traffic largely because of this connection.