Lorenzo Protocol Collaborates with Hemi Network to Expand Cross-Chain DeFi and Boost Liquidity

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TL;DR: Lorenzo Protocol is working with Hemi Network to drive cross-chain opportunities, expand liquidity in Hemi’s DeFi ecosystem, and offer users new financial products. The collaboration will include the integration of Lorenzo’s stBTC into Hemi, incentives for liquidity providers, and potentially even the ability to mint stBTC on Hemi using hBTC. Together, these efforts will aim to enhance Bitcoin-backed asset liquidity and advance decentralized finance (DeFi) across both platforms.

Lorenzo Protocol is proud to work with Hemi Network to advance the integration of Bitcoin-backed assets across multiple chains and accelerate the growth of decentralized finance.

This collaboration represents a major step forward in scaling Bitcoin DeFi by deploying our stBTC infrastructure on Hemi’s Layer 2 network. Together, Lorenzo and Hemi will drive cross-chain interoperability, liquidity, and new financial opportunities for users, while solidifying Bitcoin’s role in the evolving DeFi ecosystem.

Core Details

At the heart of this collaboration will be the deployment of the Lorenzo stBTC bridge on Hemi, which will allow seamless movement of stBTC across Hemi’s EVM-compatible Layer 2 network. Once this integration is live, stBTC users will be able to take full advantage of secure, Bitcoin-backed assets within Hemi’s ecosystem, unlocking yield opportunities and driving liquidity for both platforms.

By supporting stBTC on Hemi, Lorenzo will enable trustless, secure transfers between Bitcoin and Ethereum-compatible assets. This bridge deployment is set to accelerate cross-chain interoperability, making it easier for DeFi participants on both networks to access Bitcoin’s security and engage in decentralized financial activities. The collaboration also aims to deepen liquidity for the growing DeFi community across both ecosystems.

Boosting Liquidity and Incentives

Lorenzo Protocol will support Hemi’s DeFi ecosystem by injecting stBTC liquidity and offering generous incentives to liquidity providers and stakers. This liquidity infusion will be crucial in helping Hemi attract a growing user base and provide enhanced yield opportunities for users who engage with stBTC and other assets on the platform.

Through this collaboration, Lorenzo and Hemi anticipate that will make the platforms more attractive and versatile to developers and users. With additional rewards for participants, the collaboration is designed to foster greater user engagement, liquidity growth, and cross-chain asset adoption.

Minting stBTC on Hemi Using hBTC

Looking ahead to 2025, Hemi and Lorenzo plan to potentially enable users to mint stBTC directly on Hemi using hBTC. This future feature would provide greater flexibility and opportunities within Hemi’s DeFi ecosystem, allowing users to convert Bitcoin-backed assets like hBTC into stBTC easily. This seamless minting process, if implemented, is expected to increase asset availability and further enhance liquidity within the Hemi network, paving the way for more advanced financial products and services.

By allowing the minting of stBTC using hBTC or other supported Bitcoin assets, this integration will strengthen both networks, creating new pathways for secure, decentralized financial products within the Hemi ecosystem.

Expanding Cross-Chain DeFi

The collaboration between Lorenzo Protocol and Hemi Network represents a significant milestone in the expansion of cross-chain DeFi. By combining Lorenzo’s trusted Bitcoin-backed stBTC infrastructure with Hemi’s scalable and decentralized architecture, this collaboration will open up new opportunities for cross-chain asset transfers and deeper liquidity pools.

This collaboration is expected to enhance liquidity across both ecosystems and boost Hemi’s TVL, helping both platforms grow stronger together. Once the ability to bridge assets and mint stBTC natively is live, users will have more options to participate in decentralized financial products while benefiting from Bitcoin’s secure backing.

Building the Future of Cross-Chain DeFi Together

This collaboration between Lorenzo Protocol and Hemi Network brings together the strengths of both ecosystems, creating new avenues for cross-chain DeFi growth and Bitcoin-backed liquidity. As we move towards deeper integration, this collaboration will enhance decentralized finance by providing users with secure, scalable, and interoperable financial products that span both the Bitcoin and Ethereum ecosystems. Together, Lorenzo and Hemi are set to build the future of decentralized finance.

About Lorenzo Protocol
Lorenzo Protocol is the premier Bitcoin liquidity aggregator, leveraging its global network to provide Bitcoin financial products and yield-bearing tokens support with creation, issuance, trading, and settlement. Through its novel Bitcoin liquidity finance layer, Lorenzo provides anyone with a token and/or structured Bitcoin financial products direct, immediate access to demand through a liquidity ecosystem comprising market makers, trading venues, and other liquidity providers.

A pioneer in Bitcoin liquid staking, Lorenzo introduced a dual Bitcoin staking deposit tokenization system by establishing the liquid principal token (LPT) and yield accruing token (YAT) token standards. This innovation enhances Bitcoin liquidity across the Web3 ecosystem, enabling seamless integration and significant yield generation across networks. The token standards establish a foundation for advanced DeFi products utilizing stBTC (Lorenzo’s LPT) and YATs, unlocking new opportunities in Bitcoin finance.

For more information, please visit and follow the regular updates on X (Twitter), Medium, Telegram, and Discord.

About Hemi Network
Backed by Binance Labs, Breyer Capital, and Big Brain Holdings, the Hemi Network (“Hemi”) is a modular blockchain powered by Bitcoin and Ethereum that provides superior scaling, security, and interoperability. Hemi views Bitcoin and Ethereum as components of a broader supernetwork, unlocking new levels of programmability, portability, and potential. Hemi Labs is a leading developer of Web3 infrastructure and tooling, founded by renowned Bitcoin developer Jeff Garzik, and blockchain security pioneer Max Sanchez.

Learn more at https://hemi.xyz/