According to BlockBeats news, on October 9, the Bitcoin liquidity finance project Lorenzo successfully pledged 1,880 BTC in Babylon Cap 2, ranking fourth. In this event, Lorenzo pledged 755 BTC and pledged 1,125 BTC through Finality Provider partners B² Network, ChainUp, and Lombard agents. Through strategic staking, Lorenzo will obtain generous Babylon Points and BTCFi rewards for stBTC holders.
At the same time, Lorenzo TVL has officially exceeded US$100 million, marking a new stage of steady growth for the project. In addition, Lorenzo’s new staking plan will also be opened soon. It is reported that in the previous two phases of pre-staking, users will not only receive Lorenzo points and Babylon expected returns, but also receive an airdrop of Lorenzo equivalent tokens worth a total of US$4.5 million.