Lorenzo Wins USD1 $1M Incentive Program Organized by WLFI, BNB Chain, and Others
Powered by ChatGPTThe $USD1 $1M Incentive Program, jointly organized by World Liberty Financial (WLFI), BNB Chain, PancakeSwap, and BUILDon, announced its results today. Lorenzo was recognized for its innovative practices in promoting $USD1 application and ecosystem expansion, and was selected as the winning project in the "Existing BSC Projects" track. Lorenzo recently launched $USD1+ OTF (On-chain Traded Fund) on the BNB Chain testnet, pioneering on-chain institutional-grade stablecoin yield products, connecting RWA, quantitative trading, and DeFi, three major real-world yield paths, reshaping the form of on-chain yield products. As WLFI's official $USD1 investment and wealth management partner, Lorenzo uses $USD1+ OTF to make $USD1 the unified settlement currency, upgrading the stablecoin from a "payment tool" to a "yield engine" for the first time, and becoming a $USD1 liquidity deployment portal. By issuing wealth management product tokens, it continues to expand $USD1 application scenarios, further opening up new growth space for asset management, trading, and protocol integration, and helping $USD1 become a core yield asset in the on-chain dollar system. [Deep Tide TechFlow]