Lorenzo launches the first phase of the mainnet, opening BTCB staking and launching YAT functions

BlockBeats news, on August 31, according to official news, the Bitcoin liquidity financial layer project Lorenzo announced that the first phase of the mainnet was officially launched, and further expanded to BNB Chain. This upgrade includes the opening of BTCB staking and the improvement of the Yield Accruing Tokens (YATs) section. Users will be able to receive YAT on BNB Chain. The first phase of the Lorenzo mainnet upgrade aims to expand the ecosystem and optimize the user experience, thereby promoting the development potential of the BTCFi field.

Previously, Lorenzo only collected 250 BTC and provided YAT rewards and points increased to 1.5 million US dollars in the Cap 1 pre-staking Babylon event, and ranked third with a 52% staking rate in the first phase of the Babylon mainnet. Its dual incentive system and staking progress have been recognized by the community, and the Cap 2 pre-staking event is expected to be launched soon. Please pay attention to the official follow-up announcement for more details.