Thanks to Lorenzo’s innovative infrastructure, users can access complex financial products on-chain in a transparent and programmable manner. This framework allows the creation of tokenized investment funds called On-Chain Traded Funds (OTF).

Initially one of the oldest BTCFi staking platforms, Lorenzo has evolved into an institutional-grade asset management platform.

• Integrated with 20+ blockchains

• Connected to 30+ DeFi protocols

• Yield strategies executed on $600M BTC via stBTC and enzoBTC

Project Concept

Lorenzo aims to bridge DeFi and CeFi, making sustainable, high-yield strategies accessible for both retail and institutional investors. The FAL layer allows different strategies (e.g., delta-neutral arbitrage, covered calls, volatility harvesting, RWA yields) to operate under a single modular framework. This modularity ensures flexibility, security, and scalability in financial products.

How Lorenzo Works

1. On-Chain Fund Collection:
   Users deposit assets into smart contracts and receive tokens representing their investment shares (e.g., LP tokens).

2. Off-Chain Strategy Execution:
   Funds are managed off-chain by allowlisted managers or automated systems using CeFi arbitrage, delta-neutral trading, or volatility harvesting.

3. On-Chain Settlement and Distribution:
   Profits and losses are reported on-chain, NAV is updated, and yields are distributed via smart contracts.

Combined with OTFs, this setup enables real-time tracking, transparent reporting, and on-chain payments.

Team & Founders

• Matt Ye – Co-Founder & CEO

• Fan Sang – Co-Founder & CTO

• Toby Yu – Co-Founder & CFO

• Tad Tobar – COO

Investors & Partners

• World Liberty Financial (WLFI) – official asset management partner

• BNB Chain (strategic partner)

• Animoca Brands

• NGC Ventures

• DHVC

• Portal Ventures

Products

• stBTC: Babylon reward-bearing LST for staking, earns Babylon yield and Lorenzo points. TVL ~$35.47M.

• enzoBTC: Wrapped BTC 1:1 redeemable, used as collateral in the Lorenzo ecosystem. TVL ~$637.98M.

Both tokens reward active users through a 1x point mechanism, representing $600M+ BTC yield strategies.

Governance ($BANK)

Governance uses the $BANK token and vote-escrowed system (veBANK). Users lock $BANK for veBANK, gaining higher voting power and boosted rewards.

$BANK Token Details

• Total Supply: 537.83M

• Max Supply: 2.1B

• Circulating Supply: 437.91M

Allocation

• Rewards: 25%

• Investors: 25%

• Ecosystem & Development: 13%

• Team: 15%

• Treasury: 5%

• Advisors: 5%

• Binance Wallet IDO: 2%

• Marketing: 3%

• Listing: 3%

• Liquidity: 4%

Token Use Cases

• Staking & Platform Access

• Governance Voting

• Participation Rewards

Ecosystem & Integrations

• 20+ blockchains

• 30+ DeFi protocols

• stBTC & enzoBTC yield strategies worth $600M

• Oracle & cross-chain services: Chainlink, LayerZero, Wormhole

• Wallets: OKX Wallet, Trust Wallet, Binance Wallet

• USD1+ product in partnership with WLFI combining RWA and DeFi yields

Key Features

• FAL: Modular DeFi & CeFi strategy execution
• OTF: Fully on-chain, ETF-style yield funds
• veBANK: Long-term governance power & reward boosts
• Multi-chain & multi-protocol: Active integration with 20+ chains & 30+ protocols
• Institutional-grade products: RWA, CeFi loans, advanced risk management

Official Links

• Website
• Discord
• Twitter
• Telegram

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The post What is Lorenzo Protocol (BANK) ? appeared first on Coin Engineer.

On Saturday, claims emerged that Aave would receive a special token allocation from World Liberty Financial (WLFI). The rumors caused the token price to fall from $385 to $339. Later, it recovered slightly to around $352. 

World Liberty Rumors Shake Aave Price 

Blockchain reporter Colin Wu reached out to the WLFI team, who denied the claims. According to the team, reports stating that Aave would receive 7% of the total WLFI supply were false. However, Wu referenced a community proposal from October 2024. The proposal outlined that the Aave DAO would receive 7% of WLFI circulating supply and 20% of protocol revenue from WLFI distributions on Aave v3. 

Aave founder Stani Kulechov described the proposal as “the art of the deal.” He also confirmed that the proposal’s terms remain valid. Nevertheless, with no official announcement, discussions intensified. Meanwhile, Cointelegraph contacted both Aave and WLFI representatives but received no response by publication time. 

DeFi Interest Surges Again 

The rumors surfaced during a resurgence in the DeFi sector. According to DeFiLlama, total value locked (TVL) across protocols surpassed $167 billion. This figure approaches the all-time high of $212 billion seen in December 2021. 

Following the U.S. elections, expectations of a friendlier regulatory environment drew investors into the space. Banks, asset managers, and financial services firms increasingly engaged with DeFi protocols. This institutional participation is shaping many current market narratives. 

Moreover, the community debates how government intervention could alter DeFi’s decentralized nature. On the other hand, some users worry traditional institutions may take control of the sector. Ultimately, the Aave rumors fueled these discussions further. 

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The post WLFI Claims Proven False, Token Experiences Price Drop! appeared first on Coin Engineer.

In its staff statement, the SEC referenced the Securities Act of 1933 and the Exchange Act of 1934. The agency emphasized that some liquid staking practices mentioned in the statement do not constitute securities offerings under existing legal frameworks. This move aims to reduce legal uncertainty in the markets. 

Liquid staking involves locking digital assets into a protocol in exchange for representative tokens. According to the SEC, this mechanism does not align with the definition of a security in some cases. 

Atkins Sends Clear Message: Crypto-Friendly Approach Will Continue 

SEC Chair Paul Atkins commented in support of the statement. He noted that the clarification on liquid staking is significant for crypto-related activities beyond the SEC’s core jurisdiction. 

Interestingly, the SEC published this clarification as firms like Jito Labs, VanEck, and Bitwise seek approval for liquid staking ETF strategies. In this era of growing institutional interest, regulatory steps that provide legal clarity are broadly welcomed across the sector. 

Meanwhile, the liquid staking sector is expanding rapidly. According to DeFiLlama data, the total value locked is approaching $67 billion, with Ethereum protocols accounting for $51 billion of that. 

Crypto ETFs and Project Crypto Initiative 

This move is considered part of the SEC’s broader transformation plan for crypto regulation. The agency recently launched an initiative called Project Crypto, based on recommendations from the White House Digital Assets Working Group. 

Under the leadership of Paul Atkins, the new SEC administration is shifting away from the “enforcement-first” approach associated with former SEC Chair Gary Gensler, toward a more inclusive regulatory model. This change began with a clarification regarding proof-of-stake protocols issued in May. 

Additionally, on July 29, the SEC approved an in-kind creation and redemption model for Bitcoin and Ether ETFs. This allows authorized participants to swap ETF shares directly with the underlying assets instead of using cash. 

Ultimately, this approach aims to make digital assets more accessible. The House of Representatives is also expected to pass reform bills on market structure and CBDC opposition before the August recess. In short, the U.S. crypto industry is officially entering a new era of comprehensive regulatory reform. 

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The post SEC Issues Surprise Statement: Liquid Staking Not a Security! appeared first on Coin Engineer.

Alpaca Finance will gradually close all its products. Users will be able to withdraw their assets from the platform until December 31, 2025. The front-end access will remain available until that date. 

Reasons for Alpaca’s Shutdown 

Launched without pre-sales, VC investments, or pre-mining, Alpaca Finance relied entirely on protocol usage for revenue. However, its Total Value Locked (TVL), which was over $900 million at the start of 2022, dropped to $54.6 million by 2025. User numbers declined, transaction volumes fell, and funds flowed out. The platform didn’t just offer yield farming; it also launched a stablecoin named AUSD, developed automated vaults, and created a perpetual trading platform called Alperp. However, user interest in these services was insufficient. 

Binance’s delisting of the ALPACA token in May 2025 severely impacted the token’s accessibility and liquidity. This also limited the protocol’s ability to allocate remaining resources toward new initiatives. The protocol engaged in merger and acquisition talks but failed to attract any buyers under current market conditions. Following these developments, the team initiated the shutdown process. After four years of operation, Alpaca Finance is exiting the DeFi space. 

Important Dates for Users 

• June 2025: All leveraged yield farming services will be halted. 
• June 30, 2025: Open positions will be automatically closed. 
• December 31, 2025: Users can withdraw their assets until this date. 

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The post Alpaca Finance is Shutting Down: All the Details appeared first on Coin Engineer.

SEC Withdraws Appeal on DeFi Projects as Securities Dealers

The Securities and Exchange Commission (SEC) has withdrawn its appeal in a case that would have required decentralized finance (DeFi) projects to register as securities dealers.

On February 19, 2025, the agency filed a four-page motion with the U.S. Court of Appeals for the Fifth Circuit, voluntarily dismissing the appeal without opposition from other parties.

The case began when the SEC sought to expand the definition of “dealer” to include DeFi protocols, which would have forced these projects to register with the SEC as securities exchanges and brokers. A federal judge in Texas ruled that the SEC had overstepped its authority by attempting to treat DeFi traders the same as traditional financial brokers.

The Blockchain Association and the Texas Crypto Freedom Alliance filed the lawsuit, arguing that the SEC’s amended rules violated the Administrative Procedures Act (APA). U.S. District Judge Reed O’Connor found their arguments compelling enough to order the SEC to remove the crypto-related changes without a trial.

The withdrawal comes as part of broader changes under new leadership at the SEC. Following Gary Gensler’s departure, Acting SEC Chair Mark Uyeda has taken steps to engage more closely with the crypto industry. One of his first actions was to create a crypto-focused task force led by Commissioner Hester Peirce.

The SEC’s withdrawal of its appeal signals a shift in its regulatory approach toward DeFi projects. The SEC had previously sought to subject DeFi projects to the same regulations as traditional financial brokers, but a federal judge in Texas rejected this move.

This decision reflects the SEC’s efforts to develop more flexible and clearer regulations under its new leadership. Known as “Crypto Mom,” Commissioner Hester Peirce is focusing on providing clearer guidelines for the crypto industry. The change provides temporary clarity for DeFi projects while the SEC works on new rules.

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The post SEC Withdraws Lawsuit on DeFi Dealer Rule! appeared first on Coin Engineer.

What is MEV?

MEV refers to the maximum value that can be extracted from block production beyond the standard block reward and gas fees. This is achieved by strategically including, excluding, or reordering transactions within a block.

Express Relay connects DeFi protocols to a network of searchers through protocol-controlled auctions for valuable transactions, such as liquidations. This empowers protocols to potentially eliminate MEV and significantly reduce the cost of critical operations like liquidation rewards.

Searchers are specialized actors who identify and exploit MEV opportunities. In Express Relay, these include prominent names like Flow Traders, Wintermute, Auros, Flowdesk, Caladan, Tokka Labs, and Swaap Finance.

Benefits of Express Relay

Reduced MEV: By enabling competitive bidding among searchers, Express Relay strives to minimize MEV extraction, potentially leading to cost savings for DeFi protocols.

Improved Liquidation Efficiency: The platform facilitates more efficient liquidation execution, potentially benefiting both protocols and users.

More Equitable DeFi Ecosystem: Express Relay promotes a fairer DeFi environment by allowing protocols to redirect saved resources towards user benefits or other productive initiatives.

Streamlined Searcher Integration: The service aggregates liquidation and other DeFi transaction opportunities across various protocols and blockchains, simplifying access for searchers.

Early Adoption and Industry Support

Several DeFi protocols, including Synthetix, Zerolend, Ionic, Synonym, Keom, Jax Finance, Vela Exchange, and Fulcrom Finance, have already begun integrating with Express Relay. This streamlines their liquidation processes and potentially improves capital efficiency.

MEV is not inherently negative, as it can contribute to market efficiency and incentivize participation. However, it can also raise concerns about fairness, decentralization, and network costs. Express Relay represents one approach among various solutions and protocols aiming to create a more balanced blockchain ecosystem.

Originally designed for Solana, Pyth Network now provides real-time market data for cryptocurrencies, equities, FX, and commodities across over 50 blockchains. This includes major networks like Ethereum, Optimism, Arbitrum, and Base.

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Details About the Team

The success of Berachain is based on an experienced team. We see that the team involved in the development of the project has a wealth of experience in the fields of blockchain, finance, and technology for many years. The team’s strong knowledge base and past successes in the industry strengthen Berachain‘s future potential.

A Project Strengthened by Investors and Partners

Berachain is a project that has received strong support from investors and partners. The $420 million valuation and $42 million investment highlight the project’s importance and prominence in the industry. The participation of leading investors such as Polychain Capital, Hack VC, and Robot Ventures strengthens Berachain’s solidity.

Innovations that Contribute to the DeFi Ecosystem

The core idea of Berachain is to bring various innovations to the DeFi ecosystem. The Layer-1 blockchain supported by Proof of Liquidity Consensus offers various opportunities such as liquidity provision, token staking, and integration with other DeFi protocols. This allows the project to go beyond just being a chain and effectively exist in the DeFi world.

Token Structure and Operation

Berachain has a triple token structure based on BERA coin, HONEY, and BGT tokens. This structure allows users to trade and earn in different areas. Staked tokens increase the security of the network, while liquidity provision transactions contribute to the DeFi ecosystem.

Future Goals and Plans of Berachain

Berachain’s roadmap plays an important role in defining the project’s future steps. The main stages, developments, and growth strategies shape the long-term success of the project. The development of user-friendly interfaces, the integration of new features, and growth goals are the elements that determine Berachain’s success graph.

Platforms that Berachain Interacts With

Berachain’s ecosystem is a network in which the project interacts with other DeFi platforms, protocols, and users. A strong ecosystem allows the project to reach a wider user base and increase its potential. Berachain supports its growth strategies by collaborating with other actors in the ecosystem.

Conclusion

With a transparent team structure, strong investor support, innovative project ideas, and a comprehensive roadmap, Berachain has the potential to make a significant contribution to the DeFi world. Berachain aims to strengthen its position in the industry by offering its users various financial instruments and the ability to integrate with DeFi protocols.

The post Berachain (BERA): Shining in the DeFi World appeared first on Coin Engineer.