World Liberty Financial Purchases 40,000 USD Worth of $BANK Token to Support Lorenzo Protocol Development
On July 19, 2025, World Liberty Financial (WLFI) completed a strategic purchase of the native $BANK token from the Lorenzo Protocol project, totaling 636,683 tokens, equivalent to approximately 40,000 USD. This move occurred immediately after the results of the "USD1 $1M Incentive Plan" were announced.
The aforementioned incentive program was a collaborative initiative between WLFI, BNB Chain, PancakeSwap, BUILDon, and several other partners aimed at promoting the application of USD1 stablecoin on the BNB Chain network. Within the program, Lorenzo Protocol was honored as the winning project in the "Existing BSC Project" category due to its outstanding achievements in expanding USD1's application.
The flagship product developed by Lorenzo – USD1+ OTF – plays a crucial role in realizing USD1's application. Instead of merely serving as a payment tool, USD1 is now expanded into an on-chain yield-generating asset. Lorenzo uses a financial token issuance mechanism to leverage USD1's liquidation, thereby flexibly deploying in scenarios such as asset management, integration with other protocols, and optimizing decentralized financial (DeFi) operational capabilities.
