According to Foresight News, the results of the USD1 $1 million incentive event jointly organized by World Liberty Financial, BNB Chain, PancakeSwap, and BUILDon were announced today. Lorenzo was recognized for its innovative practices in promoting the application and ecological expansion of USD1, and was selected as the winning project in the 'Existing BSC Projects' track.
As the official USD1 investment and financial management partner of WLFI, Lorenzo recently launched USD1+OTF, which uses USD1 as the unified settlement currency. This upgrade marks the first time stablecoins are elevated from 'payment tools' to 'yield engines', establishing USD1 as a liquidity deployment portal. By issuing financial product tokens, it continuously expands the application scenarios of USD1, further opening up new growth spaces in asset management, trading, protocol integration, and more, helping USD1 to become the core yield asset in the on-chain USD system.
Lorenzo USD1+OTF (On-chain Traded Fund) has currently launched on the BNB Chain testnet, pioneering on-chain institutional-grade stablecoin yield products. It integrates three types of strategies: RWA, quantitative trading, and DeFi, creating a real and sustainable yield model.
