Odaily News World Liberty Financial (WLFI) has completed a strategic purchase of 636,683 BANK tokens, the native token of the Lorenzo protocol, which is equivalent to approximately $40,000. This purchase took place after the results of the USD1 million incentive plan were announced.
The plan was jointly initiated by WLFI, BNB Chain, PancakeSwap, BUILDon, etc. Lorenzo was named the winning project in the "Existing BSC Projects" track for its performance in expanding USD1 applications.
The USD1+ OTF product launched by Lorenzo uses USD1 as a unified settlement asset, expanding its function from a payment tool to an on-chain income asset. Lorenzo undertakes the on-chain liquidity deployment of USD1 by issuing financial tokens.