Lorenzo announced an upgrade of the pre-staking Cap2 YAT reward to $3 million in tokens and launched Binance Web3 Wallet activities

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On October 2, according to official news, Bitcoin liquidity financial layer project Lorenzo officially announced the upgrade of the pre-staking Babylon event Cap 2 rewards. This upgrade will increase Cap 2's YAT (yLRZ2) rewards to LRZ tokens equivalent to $3 million. Currently, Cap 2 activities accept both native BTC and BTCB pledges. In addition to the above-mentioned additional YAT rewards, pledgers will also receive potential staking rewards from Babylon and Lorenzo points.

In addition, Lorenzo also provides a 20% bonus for staking users using Binance Web3 Wallet, and an additional 2 million Lorenzo points prize pool for Binance Web3 MPC Wallet users during the joint event. Please pay attention to the official subsequent announcement for more details.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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