Foresight News reports that the Trump family's cryptocurrency project WLFI has completed a strategic acquisition of the native token BANK of the Lorenzo protocol, with a total purchase amount of 636,683 tokens, valued at approximately $40,000. This acquisition occurred after the announcement of the results of the USD1 1M incentive program. This program was jointly initiated by WLFI, BNB Chain, PancakeSwap, BUILDon, and others. Lorenzo was awarded the 'Outstanding Project' title in the 'Existing BSC Projects' track due to its performance in expanding the USD1 application.
The USD1+ OTF product launched by Lorenzo is a practical step in promoting the implementation of the USD1 application. This product uses USD1 as a unified settlement asset, expanding its functionality from a payment tool to an on-chain yield asset. Lorenzo issues financial tokens to undertake the on-chain liquidity deployment of USD1, broadening its application boundaries in asset management and protocol integration scenarios, aiding USD1 in achieving large-scale adoption.
