Lorenzo has secured victory in the USD1 1M incentive initiative within the ‘Existing BSC Projects’ category for advancing adoption of the USD1 stablecoin on BNB Chain. The winning solution introduces USD1+, an On-chain Traded Fund (OTF) utilizing USD1 as its foundational asset.
The USD1+ OTF deploys liquidity across yield-generating financial product tokens while integrating Real-World Assets (RWA) and quantitative trading strategies. This hybrid approach aims to enhance stablecoin utility beyond conventional transactions by offering diversified returns within decentralized finance frameworks.
Currently operational on the BNB Chain testnet, the fund represents a novel blend of traditional asset exposure and algorithmic trading mechanisms. The incentive program driving this development was jointly organized by World Liberty Financial (WLFI), BNB Chain, PancakeSwap, and BUILDon to foster stablecoin innovation.