Lorenzo won the USD1 $1M incentive event jointly organized by WLFI, BNB Chain and other parties.

The results of the USD1 $1M incentive event jointly organized by World Liberty Financial (WLFI) and BNB Chain, PancakeSwap, and BUILDon were 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.

As WLFI's official USD1 investment and financial management partner, Lorenzo's recently launched USD1+ OTF uses USD1 as the unified settlement currency, upgrading the stablecoin from a "payment tool" to a "yield engine" for the first time, and becoming the USD1 liquidity deployment portal. By issuing financial product tokens, it continues to expand USD1 application scenarios, further opening up new growth space such as asset management, trading, and protocol integration, and helping USD1 become the core income asset in the on-chain US dollar system.

Lorenzo USD1+ OTF (On-chain Traded Fund) is now available on the BNB Chain testnet. It is the first on-chain institutional-grade stablecoin income product that integrates three strategies: RWA, quantitative trading, and DeFi to create a real and sustainable income model.