On August 31st, according to the official Twitter, the Bitcoin liquidity financial layer project Lorenzo announced the official launch of the first phase of the mainnet, further expanding to BNBChain. This upgrade includes the opening of BTCB pledges and the improvement of YieldAccruingTokens (YATs), users will be able to receive YAT in BNBChain. The first phase of the Lorenzo mainnet upgrade aims to expand the ecosystem and optimize the user experience, thereby promoting the development potential of the BTCFi field.