World Liberty Financial Strategic Purchase of Approximately $40,000 Equivalent of $BANK to Support the Development of the Lorenzo Protocol Project $BANK
World Liberty Financial (WLFI) has completed a strategic purchase of 636,683 native tokens of the Lorenzo Protocol $BANK , totaling approximately $40,000.
This purchase occurred after the announcement of the results of the USD1 $1M incentive program. This program was jointly initiated by WLFI, BNB Chain, PancakeSwap, BUILDon, among others. Lorenzo was recognized as the winning project in the 'Existing BSC Projects' track due to its performance in the expansion of the USD1 application.
The USD1+ OTF product launched by Lorenzo is an important practice for promoting the implementation of the USD1 application. This product uses USD1 as the unified settlement asset, expanding its functionality from a payment tool to an on-chain yield asset. Lorenzo is expanding its application boundaries in asset management and protocol integration scenarios by issuing financial tokens to accommodate the on-chain liquidity deployment of USD1, aiding in the large-scale adoption of USD1.
