Lorenzo Protocol (BANK)
Lorenzo Protocol is building a Bitcoin Liquidity Finance protocol offering pioneering multi-chain liquidity tools for an enhanced Bitcoin DeFi experience on-chain. It introduces a yield-bearing tokenized Bitcoin - $stBTC, and a wrapped version of the Bitcoin - $enzoBTC across over 21 various blockchain networks.
$BANK is a governance token of the platform, which grants users voting power via staking of $BANK. On April 18th, Lorenzo Protocol conducted a $BANK IDO on Binance Wallet sale, raising over 200K. There are also claims from the project that it is backed by Binance Labs, but the amount of funds raised is undisclosed.
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Lorenzo Protocol Token Economy
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