The Core of the Lorenzo Protocol
@Lorenzo Protocol 's primary purpose is to allow Bitcoin holders to stake their BTC and earn yield from Proof-of-Stake ecosystems like Babylon without relinquishing ownership. It achieves this by tokenizing staked Bitcoin into Liquid Principal Tokens (stBTC) and Yield Accruing Tokens (YATs), which users can deploy across various DeFi applications.
At the heart of the protocol is the Financial Abstraction Layer (FAL), a system that enables the creation of On-Chain Traded Funds (OTFs). These OTFs package complex yield strategies—including quantitative trading and volatility strategies—into a single, tokenized product, making them accessible to a wider audience.
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