The past and present of the Lorenzo Protocol (BANK)

In the early days (2022-2024, past life) back in 2022, the entire cryptocurrency space was as cold as an ice cellar. The founder, Matt Ye (who used to work in quantitative finance on Wall Street), thought: isn't this just the right time to get to work?

He formed a small team and registered a company in Indonesia called @LorenzoProtocol Protocol (the name sounds like it belongs to a noble from the Renaissance, but in reality, they just wanted to appear more credible and not as lowly as typical meme projects). The initial idea was quite simple:

Bitcoin is too difficult to use; once staked, it can't be moved, and it can't be played in DeFi.

Then I will wrap it in a "liquid coat," allowing you to earn interest while staking, and also use it for lending and trading.
So they created stBTC, using the Babylon protocol to lock in BTC and issue liquid receipts, which is Lorenzo's old trade. Those years were spent quietly building on the BNB Chain, going through the BNB MVB incubator, receiving funding from YZi Labs, and gradually refining the product while the community slowly grew. After 2025 (in this life, it will take off completely), on April 18, 2025, the project officially launched the token $BANK, going live on Binance and taking off directly.
In May, they issued a major announcement:

"I'm not just playing with Bitcoin liquid staking, I'm now an on-chain investment bank!" Directly upgraded the gameplay, created a product called USD1+, simply put:

Pack U.S. Treasury bonds, private credit, quantitative hedge strategies, and DeFi mining profits all into one token, automatically rolling profits for you every day.

Users don't have to worry about anything, just throw money in and sleep well, claiming to be "institutional-level stable wealth management." Then something even more shocking happened:

🎁 Announcing collaboration with Trump's family World Liberty Financial (WLFI), people from Trump's side are directly buying $BANK
.
, the price of the coin is surging up.

🎁 We've launched a bunch of new products like BNB+, enzoBTC, and sUSD1+, each offering more attractive returns than the last.

🎁Now the entire project is no longer just a "Bitcoin tool," but aims to become a "big steward" for overall on-chain wealth management.

What's the situation now (December 2025)?

🎁 The total supply of the token $BANK is 2.1 billion, with over 500 million in circulation. The price is approximately $0.047, and the market capitalization is over $24 million.

🎁To use advanced features, you need to lock $$BANK veBANK (similar to Curve's veCRV).

One sentence summary:
Lorenzo was originally a small tool to help unlock liquidity for Bitcoin, but has now transformed into an "on-chain version of BlackRock," specializing in stable wealth management for the wealthy and institutions, and has even associated itself with Trump, completely evolving from a grassroots project into a hot commodity.
#LorenzoProtocol