What Is Lorenzo Protocol (BANK)?
Lorenzo Protocol is the first Bitcoin liquidity finance layer designed to unlock the potential of Bitcoin liquidity across decentralized finance (DeFi), Layer 2 platforms, and staking systems. It provides a structure where Bitcoin holders can stake their unused Bitcoin into Proof-of-Stake (PoS) ecosystems like Babylon and receive tokenized assets in return. Lorenzo issues Liquid Principal Tokens (LPTs) and Yield Accruing Tokens (YATs) to represent staked Bitcoin and future yields separately, offering more flexibility and liquidity in Bitcoin-based financial products.
How Lorenzo Protocol Works
Lorenzo Protocol operates by enabling users to stake Bitcoin through trusted custodial institutions and decentralized relayers, which verify staking activities and issue stBTC and YATs. Bitcoin staking transactions are recorded and validated on Lorenzo’s Cosmos-based appchain, while enzoBTC, a decentralized wrapped Bitcoin, offers additional interoperability across DeFi ecosystems. The platform supports trading, lending, and creating structured financial products with stBTC and YATs, building a complete DeFi environment around tokenized Bitcoin liquidity.
Who Are the Founders of Lorenzo Protocol?
Lorenzo Protocol was founded by Matt Ye, Fan Sang, and Toby Yu, who bring deep expertise in blockchain technology, Bitcoin infrastructure, and decentralized finance systems.
How Many Lorenzo Protocol (BANK) Tokens Are in Circulation?
BANK, the native token of the Lorenzo Protocol ecosystem, is available on various exchanges. It has a total supply of 425.25 million tokens.
How to Buy Lorenzo Protocol (BANK) on Bitget?
Consider investing in Lorenzo Protocol (BANK)? Follow these steps:
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Verify your identity.
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Deposit funds.
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Check out the available Lorenzo Protocol trading pairs on Bitget.
Is Lorenzo Protocol a Good Investment?
Investing in Lorenzo Protocol depends on your risk tolerance and understanding of the Bitcoin DeFi space. As with any new blockchain project, potential investors should carefully research the platform’s technology, market position, and future roadmap before making investment decisions.
Simple 3-step guide to buying BANK today in United Arab Emirates
Create your free Bitget account
Select a funding method
Complete your Lorenzo Protocol purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Lorenzo Protocol using a payment method of your choice:
Buy Lorenzo Protocol with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Lorenzo Protocol order.
How to buy crypto with credit/debit cardBuy Lorenzo Protocol with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Lorenzo Protocol is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Lorenzo Protocol order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Lorenzo Protocol order.Buy Lorenzo Protocol with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Lorenzo Protocol order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Lorenzo Protocol in your Bitget spot wallet
Bitget—where the world trades Lorenzo Protocol
How to buy Lorenzo Protocol for free
- Learn how to earn Lorenzo Protocol for free through the Learn2Earn promotion
- Earn free Lorenzo Protocol by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Lorenzo Protocol airdrops by joining ongoing challenges and promotions
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FAQ
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The United Arab Emirates (UAE) was established in 1971, and we just celebrated the 50th anniversary of the UAE in 2021. The UAE has a population of about 10 million people, with about 10% locals and 90% expatriates from all over the world. The surface area of the United Arab Emirates is 83,000 square kilometers, which is slightly larger than Ireland and smaller than Portugal. The official languages in the United Arab Emirates are English and Arabic.
The UAE, as the name suggests, is made up of several emirates, more precisely, seven emirates. The first emirate is the most important, and it is the one of Abu Dhabi, the capital of the United Arab Emirates. This one represents 80% of the Emirates territory. The second Emirates we often hear about because it is rather the tourist capital is Dubai. The other five emirates are Ajman, Fujairah, Ras Al Khaimah, Sharjah, and Umm Al Quwain.
The time difference varies depending on the season (summer or winter). Concerning temperatures, there is also a distinction between summer and winter. During the winter, you can expect temperatures between 22 and 30 degrees. In the summer, it is much warmer, and temperatures average 35 to 40 degrees.
Acting as the national currency of the United Arab Emirates is the Dirham (AED), and with Bitget, you can purchase cryptos within minutes, no matter where you are in the United Arab Emirates. Our exchange offers secure payment options to make trading more accessible and safer than ever, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and several different credit card services.