- Lorenzo Protocol launches USD1+ OTF on BNB Chain testnet, mixing CeFi, DeFi, and tokenized RWAs right into a real-yield on-chain fund.
- Customers mint sUSD1+ stablecoins to entry automated, NAV-backed returns with out lively yield farming, with full transparency and compliance.
- Mainnet launch on the horizon, aiming to carry programmable, institution-ready finance to wallets, neobanks, and fintech platforms globally.
BNB Chain has been the playground of Lorenzo Protocol’s newest innovation, the USD1+ On-Chain Traded Fund (OTF), the primary of its sort on this planet real-yield DeFi product with classical monetary devices and decentralized effectivity mixed.
With live availability now on the BNB Chain testnet, the USD1+ OTF permits seamless institutional-grade returns through the alignment of tokenized real-world belongings (RWAs), CeFi algorithmic methods, and DeFi yield technology, all denominated within the USD1 stablecoin.
The USD1+ OTF is powered by Lorenzo’s personal Monetary Abstraction Layer expertise, aggregating a number of sources of yield into one easy-to-tap product. Reasonably than having customers hop backwards and forwards between disjointed DeFi platforms or CeFi methods, Lorenzo consolidates the method: customers add their stablecoins to create sUSD1+ tokens that compound in worth mechanically relying on the efficiency of the fund.
It eliminates the need of lively yield farming and provides an unambiguous and common return supported wholly by the NAV (Internet Asset Worth) of the underlying belongings.
Accessing the Lorenzo testnet is easy. Customers can go to the official portal to acquire a free testnet USD1 and get linked with any EVM-compatible pockets akin to MetaMask, Belief Pockets, or OKX Pockets. Afterward, customers can mint sUSD1+ on the present NAV with a 50 USD1 minimal deposit and acceptance of the AML and threat statements.
Withdrawals are allowed at any time after the seven-day maintain interval is over, with twice-weekly settlement schedules to permit for fund stability and liquidity. Redemptions are completed within the USD1 stablecoin solely.
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Lorenzo’s USD1+ Delivers Actual-Time DeFi Yield on BNB Chain
What makes USD1+ tick is its real-time transparency and its enterprise-grade safety. The system calculates and divulges the Unit NAV from the combination fund belongings deduction of liabilities by circulating provide, so the holders at all times know the worth of their holdings.
There’s a consolidated dashboard monitoring each vital metric from the deposits to the fluctuation of the NAV and the pending withdrawals. Lorenzo additionally contains built-in compliance options like KYC/AML procedures in order to permit institutional-grade onboarding.
Lorenzo’s back-office infrastructure integrates on-chain sensible contracts with off-chain custodians and desks of commerce and maintains the security and efficiency anticipated from conventional monetary establishments, however embraces the openness and programmability of DeFi.
Lorenzo USD1+ Gears Up for International Mainnet Launch
With the testnet part nonetheless in play, the Lorenzo Protocol is gathering suggestions, refining its plans, and positioning itself for an impending mainnet launch that may place USD1+ within the grasp of wallets, neobanks, and fintech platforms globally.
By way of the launch, Lorenzo goals to have real-yield merchandise because the hallmark of next-generation programmable finance, such that anyplace and anybody can profit from RWA and CeFi returns by decentralized infrastructure.
BNB Chain’s involvement within the launch consolidates its rising status because the vacation spot for scalable, compliant, and institutional-grade DeFi innovation. Lorenzo’s USD1+ OTF introduces a brand new chapter in bridging typical finance and Web3 and brings high-quality yield so simple as staking a stablecoin.
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