Binance Wallet’s Lorenzo Protocol TGE Concludes with High Demand – Coincu
The post Binance Wallet’s Lorenzo Protocol TGE Concludes with High Demand – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Binance Wallet’s TGE raises $22.39 million, oversubscribed 183.29 times. Lorenzo Protocol enhances DeFi interoperability for Bitcoin holders. Immediate liquidity granted as tokens are fully unlocked at distribution. Binance Wallet’s latest Token Generation Event (TGE) for Lorenzo Protocol closed on April 18, 2025, raising 62,117 BNB, equivalent to $22.39 million. The massive interest, measured by an oversubscription rate of 183.29 times, highlights Lorenzo’s potential to reshape Bitcoin DeFi markets. Lorenzo Protocol’s TGE Success Marks Major Bitcoin DeFi Milestone Binance Wallet successfully hosted its tenth exclusive TGE, presenting Lorenzo Protocol, which focuses on Bitcoin liquid staking and DeFi integration. The recent event attracted substantial interest, evidenced by contributions of 62,117 BNB, oversubscribed nearly 200 times. Lorenzo Protocol’s leadership, under CEO Matt Ye, positions itself at the forefront of Bitcoin DeFi, endorsing security and cross-chain capabilities. The conclusion of Lorenzo Protocol’s TGE allows participants to access their tokens without vesting periods, leading to immediate liquidity for BANK tokens. The project’s alliance with PancakeSwap strengthens its DeFi impact, fostering wider adoption among cryptocurrency stakeholders. Without any further regulatory reports, existing compliance standards remain untouched. “We’re proud to be working with such world-class security partners to bring Bitcoin safely into the Move ecosystem. At such an exciting time for the Bitcoin DeFi sector, where seemingly anything is finally achievable from an integration standpoint, nothing is more important than ensuring asset security as we continue to trailblaze and create new opportunities for our users across networks.” — Matt Ye, Co-founder and CEO, Lorenzo Protocol Strong community interest and expert endorsements from Lorenzo and Ceffu’s leadership underline the event’s significance. Despite the absence of reactions from prominent industry figures on platforms like Twitter, statements from internal executives underscore confidence in the project’s security and DeFi potential. BNB Market Dynamics and Future DeFi Innovations Did you…
Filed under: News - @ April 18, 2025 11:18 am