Lorenzo enzoBTC
Best for independently tracked protocol
How it rates
- Accounting methodology published
- No audit report linked in the public dataset at this check
- Single-chain deployment
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- Not metIndependent audit report linked publicly
No audit report linked in the public dataset at this check.
defillama.com/protocol/lorenzo-enzobtc - Not met
- MetTracked by an independent analytics platform
Listed with published value and history.
defillama.com/protocol/lorenzo-enzobtc - Met
- MetApplication reachable at a public address
Reachable without an account at this check.
www.lorenzo-protocol.xyz
- MetApplication reachable without an account
Reachable without an account at this check.
www.lorenzo-protocol.xyz - MetProtocol economics published independently
Value and change history published.
defillama.com/protocol/lorenzo-enzobtc - Met
- PartialFee or reward model documented publicly
Application reachable for review; specific rates not captured at this check.
www.lorenzo-protocol.xyz - MetNo account required to reach the application
Reachable without an account at this check.
www.lorenzo-protocol.xyz
- Met
- Not met
- Not met
- Not met
- Met
- Met
- Not met
- Met
- Met
- Met
- Met
- Met
- Not met
- Met
- Met
A wrapped Bitcoin product holding $464m, designed to generate yield on the underlying rather than simply representing it.
Our assessment
Lorenzo's enzoBTC holds $464m as a wrapped Bitcoin product designed to earn yield rather than simply representing bitcoin one-for-one. No audit report was retrievable at a public address at this check.
Yield-bearing wrapped Bitcoin has two risk layers
A plain wrapper carries custody risk. A yield-bearing wrapper carries custody risk plus whatever the yield strategy does — staking on another network, lending, or providing liquidity. The token now depends on both the bitcoin being there and the strategy not losing it, and the yield figure describes only the upside of the second.
Where does the yield come from
Bitcoin does not generate yield natively. Every bitcoin yield product creates it by putting the bitcoin at risk somewhere: lent to a borrower, staked into another network's security, or deployed in a strategy. The specific answer determines the risk entirely, and any product that does not make it obvious is the wrong product.
The evidence gap
No audit report at a public address, with thin transparency results. For a product combining custody with an active strategy, published review of both the contracts and the strategy would be the minimum useful disclosure.
Who it suits
enzoBTC fits Bitcoin holders who understand the specific yield mechanism and accept unaudited contracts. Holders who want bitcoin exposure without additional risk should hold bitcoin.
How rivals compare
| Service | Score | Best for | |
|---|---|---|---|
| Portal | 9.6 | audited protocol with published methodology | Read → |
Frequently asked
Does this score mean Lorenzo enzoBTC is safe?
No. It measures what an outsider can verify: linked audits, published methodology and independently recorded data. Contract and custody risk are not tested by us.
Where do these figures come from?
A public analytics dataset queried at the verification date, plus the audit reports it links. Anyone can re-run the query.
Why do some protocols score zero on audits?
Because no audit report is linked in the public record. It records what a user can reach, not a claim that no audit exists.