Lorenzo Protocol

• Lorenzo Protocol is an asset management platform on BNB Chain focused on Bitcoin yield and tokenised funds.

• It issues on-chain traded funds that package yield strategies into single tokens.

• BANK is the governance and staking token.

• Total supply is 2.1 billion BANK.

• Staking BANK earns a share of management fees.

Pros:

• Packages complex strategies into single tokens, which lowers the operational burden for users.

• Bitcoin yield focus addresses a large idle asset base.

• Fee share to stakers is concrete.

Cons:

• Strategy transparency varies, so depositors may not know what they are exposed to.

• Bitcoin yield requires bridging or custody, reintroducing trust.

• BNB Chain ecosystem concentration.

• Exposure to on-chain asset management with a Bitcoin focus.

• Fee share gives the token a function.

• Verify what each fund actually holds before treating the yield as understood.

• Yield strategies packaged as single transferable tokens, so a depositor holds one asset rather than managing a portfolio of positions.

• Executing a multi-venue yield strategy requires constant management most holders cannot provide.

• Wrapping it in a single token delegates that work, at the cost of trusting the manager.

• Founded by a team operating within the BNB Chain ecosystem.

• Backed by YZi Labs and other ecosystem investors.

• No conventional ICO. BANK launched on 18 April 2025 through an exclusive token generation event on Binance Wallet, in which users committed funds for an allocation; the event was heavily oversubscribed.

• Strategy opacity makes risk hard for depositors to assess.

• Bitcoin bridging or custody risk.

• Manager performance risk on packaged strategies.

• BNB Chain ecosystem concentration.