Lorenzo Protocol Partners With BounceBit For stBTC Integration

We’re excited to announce that we are partnering with BounceBit, a leading entity in bitcoin restaking infrastructure.

This collaboration represents a significant milestone for us as we continue to drive forward innovation in the bitcoin restaking sector of the booming bitcoin DeFi movement and work to best set up stBTC, our liquid restaking token, for success upon launch.

Integrating stBTC

The essence of our partnership revolves around the integration of stBTC into the robust restaking infrastructure of BounceBit. Specifically, stBTC, derived from our EVM-compatible appchain, will seamlessly integrate with BounceBit’s bridge, allowing the stBTC to be transferred onto the BounceBit network and aggregate the security of bitcoin through restaking.

Our collective commitment through this partnership is aimed at enriching the user experience by presenting an additional avenue for yield generation from staked Bitcoin, while concurrently reinforcing the infrastructure and network that underpin this financial model.

Both our team and our partners at BounceBit are highly optimistic about the potential this collaboration holds. We believe it will propel the BTC restaking concept to new heights, augmenting the utility and adoption of stBTC and amplifying the total value locked (TVL) within BounceBit.

Unlocking The Future

This partnership is a testament to our shared vision of advancing the bitcoin DeFi ecosystem and offering users more dynamic opportunities. By leveraging the strengths of both Lorenzo Protocol and BounceBit, we are set to introduce a more interconnected and secure landscape for Bitcoin liquidity and restaking.

This collaboration not only marks a significant step forward in our journey but also opens the door to innovative solutions that could redefine the future of decentralized finance. Together, we are paving the way for a more resilient and user-centric DeFi ecosystem.