The Lorenzo stBTC page of Bitcoin Layers is under development.

We have not yet implemented our proof-of-reserves and therefore cannot assure you that wrappers are fully backed, 1:1, with BTC. Please use caution interacting with these wrapped BTC assets. Additionally, there may be incomplete or outdated research.

Join our telegram to contribute!

Lorenzo stBTC

Overview

Status

Deposits Live

Type

Liquid Staking

BTC Supply

₿0

Lorenzo stBTC is a liquid staking token.

Assessment

Asset Custody

Users trust Lorenzo as the staking agent who secures, and stakes, native BTC backing stBTC. Cobo, Ceffu, and ChainUp have also been mentioned to support the protocol

Users trust Lorenzo, the operators of Lorenzo stBTC, to secure and stake native BTC that backs stBTC. It has also been stated in Lorenzo's marketing materials that custodian providers Cobo, Ceffu, and Chainup are participating in Lorenzo's protocol as custody providers, but their documentation does not claim this.

Users trust Lorenzo's claims in their documentation are being executed in practice.

Source

Further sections to be reviewed

Aspects related to minting & burning, key management, transaction signing, and proof-of-reserves have not been reviewed. We are currently reviewing these sections.