Get BTC on BNB Chain to Join BTCFi Projects
Acquire BTC assets on the BNB Chain and gain access to a variety of exciting BTCFi projects for enhanced returns.
What is stBTC?
stBTC is a token you receive when you stake BTC in the Lorenzo protocol. It can be bridged to other chains for further participation in the ecosystem.
What is Lorenzo Protocol?
Lorenzo is the Bitcoin Liquidity Finance Layer. Lorenzo creates an efficient market in which Bitcoin holders can easily find the best opportunities to invest their unused Bitcoin liquidity and serves as the premier DeFi ecosystem in which to finance Bitcoin staking tokens. To incentivize users to stake Bitcoin liquidity, Lorenzo tokenizes staked Bitcoin into Liquid Principal Tokens (LPTs) and Yield Accruing Tokens (YATs) for each staking transaction. Lorenzo also provides the infrastructure for exchanging LPTs and YATs, as well as honoring yield from staking.
How to get stBTC?
1. Open Lorenzo Website
Visit the Lorenzo website (https://app.lorenzo-protocol.xyz/staking) where stBTC is offered.
2. Stake BTCB for stBTC:
Connect wallet and follow the UI to stake your BTC.
3. Receive stBTC:
After Bitcoin liquidity has been staked, Lorenzo issues Liquid Staking Token (LST): stBTC. stBTC holders receives Yield Accruing Tokens (YAT), which contains staking yields and also Lorenzo Points.