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COINOTAG has highlighted the recent advancements within the Bitcoin liquidity finance project, Lorenzo, which successfully pledged a total of 1,880 BTC as of October 9, positioning itself in the fourth rank on Babylon Cap 2. This strategic accumulation includes a direct pledge of 755 BTC along with an additional 1,125 BTC facilitated through its Finality Provider partners, which comprise B² Network, ChainUp, and Lombard. By implementing a calculated staking strategy, Lorenzo aims to secure substantial Babylon points and enhance BTCFi rewards for its stBTC holders. Notably, the project’s total value locked (TVL) has surpassed 100 million US dollars, signifying a critical milestone in its progressive trajectory. Furthermore, Lorenzo’s upcoming staking initiative promises lucrative opportunities for participants, offering both Lorenzo points and airdrops of the Lorenzo token, aggregating to an estimated 4.5 million US dollars through its previous pre-staking phases.
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