Lorenzo Protocol is a cross-chain Bitcoin liquidity protocol with over $1B TVL. It features two tokenized versions of Bitcoin - yield-bearing restaking token $stBTC, and wrapped Bitcoin $enzoBTC.
$BANK is the governance token of the platform, which is used for granting voting power to its community. According to the project’s X, it is backed by Binance Labs, but the amount of funds invested and the date of the fundraise remain undisclosed.