On July 19, World Liberty Financial (WLFI) accomplished a strategic buy of 636,683 Lorenzo protocol native tokens $BANK, approximately equal to $40,000. This buy occurred after the announcement of the USD1 $1M incentive plan outcomes. The plan was collectively initiated by WLFI, BNB Chain, PancakeSwap, BUILDon, and others, with Lorenzo being acknowledged as the profitable project in the “Current BSC Initiatives” monitor due to its efficiency in USD1 utility enlargement.
The USD1+ OTF product launched by Lorenzo is an important apply in selling USD1 utility implementation. The product makes use of USD1 as a unified settlement asset, extending its operate from a cost instrument to an on-chain yield asset. Lorenzo expands the utility boundaries of USD1 in asset administration and protocol integration situations by issuing monetary tokens, taking on USD1’s on-chain liquidity deployment, and serving to USD1 obtain large-scale adoption.
