On July 19, World Liberty Financial (WLFI) completed a strategic purchase of 636,683 Lorenzo protocol native tokens $BANK, approximately equivalent to $40,000. This purchase occurred after the announcement of the USD1 $1M incentive plan results. The plan was jointly initiated by WLFI, BNB Chain, PancakeSwap, BUILDon, and others, with Lorenzo being recognized as the winning project in the "Existing BSC Projects" track due to its performance in USD1 application expansion.
The USD1+ OTF product launched by Lorenzo is a crucial practice in promoting USD1 application implementation. The product uses USD1 as a unified settlement asset, extending its function from a payment tool to an on-chain yield asset. Lorenzo expands the application boundaries of USD1 in asset management and protocol integration scenarios by issuing financial tokens, taking over USD1's on-chain liquidity deployment, and helping USD1 achieve large-scale adoption.
