Lorenzo Wins Top Prize in USD1 1M Incentive Program Co-hosted by WLFI, BNB Chain, and Others

BlockBeats News, July 11th: The results of the USD1 1M incentive event jointly hosted by World Liberty Financial (WLFI) in collaboration with BNB Chain, PancakeSwap, and BUILDon were announced today. Lorenzo was recognized for his innovative practices in promoting USD1 applications and ecosystem expansion, and was selected as the winning project in the "Existing BSC Projects" track.

As the official WLFI partner for USD1 investment and finance, Lorenzo recently launched USD1+ OTF, with USD1 as the unified settlement currency. This initiative marks the first time a stablecoin has been upgraded from a "payment tool" to an "income engine." Lorenzo's project has become a USD1 liquidity deployment gateway, issuing financial product tokens, continuously expanding USD1 application scenarios, further opening up new growth areas such as asset management, trading, protocol integration, and helping USD1 become the core income asset in the on-chain dollar system.

Lorenzo's USD1+ OTF (On-chain Traded Fund) is currently live on the BNB Chain testnet, pioneering on-chain institutional-grade stablecoin income products. It integrates three types of strategies: RWA, quantitative trading, and DeFi, to create a real and sustainable income model.