Bitcoin Liquidity Finance Project Lorenzo Announces Strategic Partnership With Bitlayer

According to Odaily, Bitcoin liquidity finance project Lorenzo has announced a strategic ecological partnership with Bitcoin Layer 2 project Bitlayer. As part of the collaboration, Lorenzo will launch a beta version on Bitlayer, accepting Bitcoin (BTC) pledges. This move will allow users to use the liquidity pledge tokens (stBTC) generated from their pledges in Bitlayer to earn additional income. In the beta version, Lorenzo will support users to lock their BTC assets on the platform to mint stBTC and earn income through integration with DeFi projects. In the future, it will also support users to re-pledge to the Bitcoin pledge protocol Babylon. This strategic partnership aims to enhance the functionality and user experience of both platforms, providing more opportunities for users to generate income from their Bitcoin assets.