According to Deep Tide TechFlow news, the results of the USD1 $1M incentive event co-hosted by World Liberty Financial (WLFI), BNB Chain, PancakeSwap, and BUILDon have been announced today. Lorenzo was recognized for his innovative practices in promoting the application and ecological expansion of USD1, and was selected as the winning project in the 'Existing BSC Projects' track.
Recently, Lorenzo was the first to launch USD1+ OTF (On-chain Traded Fund) on the BNB Chain testnet, pioneering on-chain institutional-level stablecoin yield products. He connects RWA, quantitative trading, and DeFi, reshaping the form of on-chain yield products.
As an official partner of WLFI for USD1 investment and wealth management, Lorenzo utilizes USD1+ OTF to establish USD1 as a unified settlement currency, upgrading stablecoins from 'payment tools' to 'yield engines' for the first time. He becomes the liquidity deployment portal for USD1 and continuously expands USD1's application scenarios by issuing wealth management product tokens, further opening up new growth spaces in asset management, trading, and protocol integration, promoting USD1 to become the core yield asset in the on-chain dollar system.
