#tge #ido #bnb The 10th phase of ido is a Lorenzo Bitcoin liquidity re-staking product,
#Lorenzo project introduction, team member information introduction, etc.
The Bitcoin staking protocol Babylon announced a strategic integration to advance the Lorenzo Protocol's Bitcoin liquidity re-staking product. The team stated that Lorenzo Protocol will leverage Babylon's technology for development.
Project Introduction: Committed to creating the first liquidity financial layer for Bitcoin based on the Babylon ecosystem. The platform connects Bitcoin stakers (regardless of holding size) with high-quality projects in need of liquidity and security, providing crypto investors with the simplest and smoothest BTC asset re-staking experience. Lorenzo Protocol releases the liquidity of staked assets and captures the best staking yields, utilizing an innovative form of principal and interest separation, making it possible to build complex DeFi products based on BTC and further explore more possibilities in Bitcoin finance.
Team Background:
Matt Ye, Co-founder and CEO, former Two Sigma trading engineer
Fan Sang, Co-founder and CTO, PhD in Computer Science from Georgia Institute of Technology
Tad Tobar, COO, former Director of Operations at Zeta Chain
Json Liao, Engineering Director, former Head of Engineering at BybitX and M2 Exchange
Investment: Backed by Binance
Renzo, Puffer, Babylon, Solv, and Lorenzo are all supported by Binance.