#LorenzoProtocol @Lorenzo Protocol $BANK

In the fast-paced world of decentralized finance (DeFi), trust is everything. As more institutions blend traditional finance with blockchain, verifying asset reserves is key. Lorenzo Protocol, an on-chain asset management platform for institutions, is leading the way by integrating Chainlink’s Proof of Reserve (PoR) for its enzoBTC token. Announced in early November 2025, this step puts “transparency first,” letting users check on-chain that enzoBTC is backed 1:1 by real Bitcoin reserves.

Lorenzo makes Bitcoin work better in DeFi by tokenizing it for use on chains like Ethereum. Their main product, enzoBTC, is a wrapped Bitcoin that’s fully redeemable for native BTC. It lets users lend, borrow, or farm yields without leaving the ecosystem. There’s also stBTC, a staked version that earns rewards from Babylon staking plus extra points in Lorenzo. Backed by YZi Labs and AI tech, the platform focuses on security with multi-sig custody from partners like COBO and CEFFU. Deposits and withdrawals are smooth, so users can move funds easily without CeFi hassles.

The Chainlink PoR integration shines on the BNB Chain, using oracles to pull real-time data from Bitcoin. Lorenzo shares its reserve wallet addresses, and a network of oracles—like DexTrac and Galaxy—checks them regularly. With a 1% deviation limit, the data feeds into a smart contract for anyone to verify. This means no more blind trust in audits; it’s all on-chain, just like after the FTX fallout. Users and protocols can now build with enzoBTC confidently.

Transparency like this is crucial as DeFi’s TVL tops $150 billion and Bitcoin ETFs pull in huge inflows. It cuts risks for wrapped assets and boosts adoption. For everyday users, minting enzoBTC from BTC deposits is instant, and redemptions are quick. Developers can even automate checks in their smart contracts. While self-attested addresses raise some questions, Chainlink’s setup with slashing for bad data keeps it secure. Recent integrations have already grown TVL and engagement.

Lorenzo’s PoR move is more than a feature—it’s a model for custodians in crypto. By mixing secure custody, yield tokens, and verifiable reserves, they’re making Bitcoin a powerhouse in DeFi. Check the Chainlink dashboard to see the feed yourself. In a “verify, don’t trust” world, this builds a stronger, fairer ecosystem where Bitcoin grows value openly.