Babylon and Lorenzo Protocol have formed an exclusive partnership to introduce a Bitcoin Liquid Restaking solution.

Utilizing Babylon's cutting-edge technology, Lorenzo Protocol will launch liquid restaking tokens (stBTC), representing Bitcoin staked through Babylon’s staking protocol.

This partnership prioritizes safety, ensuring connectivity with Lorenzo Protocol’s staking tokens on layer 1 platforms that implement Babylon’s Bitcoin staking and timestamping protocol for enhanced security.

Lorenzo Protocol's overarching goal is to reshape Bitcoin and the DeFi space. To this end, the company is developing the initial Bitcoin liquid restaking protocol to enable the exchange of Bitcoin security features among other protocols, dApps, and frameworks.

Their approach maintains liquidity post-staking, allowing for staking of small Bitcoin quantities and incorporating anti-slashing systems to protect liquid restakers.

Lorenzo's Bitcoin Liquid Restaking empowers Bitcoin holders to fully engage with the Bitcoin economy, amplifying Bitcoin's global influence.

Moreover, Lorenzo is constructing an adaptable Bitcoin Layer 2 framework, laying the groundwork for customizable, upgradable, and secure Layer 2 services. This sets the stage for Bitcoin-focused decentralized finance (DeFi), AI, gaming, and various application chains, ensuring the network's readiness to address evolving Bitcoin needs.

Lorenzo Protocol invites cryptocurrency builders to contribute to enhancing the Bitcoin ecosystem through decentralized services. Their platform serves as a hub for innovation and collaboration, fostering the exchange of ideas and experiences to drive Bitcoin DeFi forward.