World Liberty Financial Strategically Acquires Approximately $40,000 Worth of BANK to Support the Development of the Lorenzo Protocol Project
Odaily Planet Daily reports that World Liberty Financial (WLFI) has completed a strategic purchase of 636,683 BANK, the native token of the Lorenzo protocol, valued at approximately $40,000. This acquisition took place after the results of the USD1 million incentive program were announced.
This program was jointly launched by WLFI, BNB Chain, PancakeSwap, BUILDon, and others. Lorenzo was recognized as the winning project in the “Existing BSC Projects” track for its performance in expanding USD1 applications.
Lorenzo has introduced the USD1+ OTF product, using USD1 as a unified settlement asset and extending its functionality from a payment tool to an on-chain yield asset. Lorenzo facilitates the deployment of USD1’s on-chain liquidity by issuing financial tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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