Lorenzo contributed the following description of Lorenzo Protocol:

Lorenzo has implemented a blockchain based on the Cosmos architecture that is EVM-compatible. It listens for users sending BTC to our MPC deposit address, and relayers synchronize block headers to the Lorenzo chain. It verifies users' deposit transactions using BTC tx proof. After successful verification, it mints stBTC to the user's EVM address.

Zellic conducted a security assessment for Lorenzo from April 8th to April 23rd, 2024. During this engagement, Zellic reviewed Lorenzo Protocol's code for security vulnerabilities, design issues, and general weaknesses in security posture.