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Lorenzo Protocol Leverages Wormhole’s Interoperability Platform

Twitter icon  •  Published vor 1 Woche  •  Hassan Maishera

On Thursday, the Wormhole team announced via X that transfers for Lorenzo Protocol’s $enzoBTC and $stBTC between Ethereum, BNB, and Sui are now live and powered by Wormhole.

On Thursday, the Wormhole team announced via X that transfers for Lorenzo Protocol’s $enzoBTC and $stBTC between Ethereum, BNB, and Sui are now live and powered by Wormhole.

Lorenzo provides users easy access to advanced BTC liquid staking tools while facilitating their issuance, trading, and settlement through Babylon. Leveraging Wormhole's interoperability platform, users can transfer $enzoBTC and $stBTC between Ethereum, BNB, and Sui with no liquidity fragmentation via Portal.

Wormhole is a decentralized bridge between blockchains that enables the transfer of assets and data across different blockchain networks. It aims to facilitate interoperability and expand the capabilities of blockchain technology. W is trading at $0.2274, down 12% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.