Odaily Planet Daily News World Liberty Financial (WLFI) has completed the strategic purchase of BANK, the native token of the Lorenzo protocol, with a total purchase of 636,683 pieces, equivalent to approximately US$40,000. This purchase occurred 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 functions from payment tools to on-chain income assets. Lorenzo undertakes the on-chain liquidity deployment of USD1 by issuing financial tokens.