According to TechFlame, the results of the USD1 $1M incentive event co-hosted by World Liberty Financial (WLFI), 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 “Existing BSC Projects” track winning project.

Lorenzo recently pioneered the launch of USD1+ OTF (On-chain Traded Fund) on the BNB Chain testnet, pioneering on-chain institutional stablecoin yield products, opening up the three real income paths of RWA, quantitative trading, and DeFi, and reshaping the form of on-chain yield products.

As a USD1 investment and financial management partner officially cooperated with WLFI, Lorenzo upgraded the stablecoin from a “payment instrument” to a “revenue engine” for the first time, and became a USD1 liquidity deployment portal. By issuing tokens for wealth management products, Lorenzo continued to expand USD1 application scenarios, further opened up new growth space such as asset management, trading, and protocol integration, and promoted USD1 to become the core benefit of the on-chain dollar system assets.