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World Liberty Financial strategically acquires approximately $40,000 worth of BANK to support the development of the Lorenzo Protocol project
BlockBeats News, July 19th, World Liberty Financial (WLFI) has completed a strategic acquisition of the native token $BANK of the Lorenzo Protocol, acquiring a total of 636,683 tokens, equivalent to approximately $40,000. This acquisition took place after the announcement of the USD1 $1M Incentive Program. The program was jointly initiated by WLFI in collaboration with BNB Chain, PancakeSwap, BUILDon, and others, and Lorenzo was recognized as the winning project in the "Existing BSC Projects" category based on its performance in expanding the USD1 application.
The USD1+ OTF product launched by Lorenzo is a key initiative to drive the implementation of USD1 applications. This product, with USD1 as the unified settlement asset, has expanded its functionality from a payment tool to on-chain yield assets. Through the issuance of financial tokens, Lorenzo undertakes the on-chain liquidity deployment of USD1, expands its application boundaries in asset management and protocol integration scenarios, and supports the widespread adoption of USD1.
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