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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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WLFI strategically purchases Lorenzo protocol Token to support the expansion of USD1 use cases.
On July 19, World Liberty Financial (WLFI) completed a strategic purchase of 636,683 native tokens $BANK from the Lorenzo protocol, totaling approximately $40,000. This purchase occurred after the announcement of the results of the USD1 $1M incentive program. The program was jointly initiated by WLFI, BNB Chain, a trading platform, and BUILDon, among others. Lorenzo was recognized as an outstanding project in the "Existing BSC Projects" track due to its performance in expanding the USD1 application.
The USD1+ OTF product launched by Lorenzo is an important practice for promoting the application of USD1. This product uses USD1 as a unified settlement asset, expanding its functionality from a payment tool to a blockchain yield asset. Lorenzo is extending the application boundaries of USD1 in scenarios such as asset management and protocol integration by issuing financial management tokens to harness the on-chain liquidity deployment of USD1, helping USD1 achieve large-scale adoption.