What is Lorenzo Protocol (BANK)?
Lorenzo Protocol is an on-chain asset management platform designed to offer institutional-grade yield solutions for digital assets such as BTC, USD1, and BNB. It also supports tokenization of real-world assets (RWA), allowing licensed institutions to tokenize off-chain assets and settle yields directly on-chain while maintaining regulatory compliance and transparency.
The platform enables capital formation by issuing liquid yield tokens that represent user positions. These tokens are tied to diversified yield strategies spanning centralized finance (CeFi), decentralized finance (DeFi), and real-world asset markets. All yields are settled transparently on-chain, and users can redeem or trade their tokens without restrictions.
$BANK is the native token of Lorenzo Protocol. It can be staked in exchange for veBANK, which provides users with enhanced yield benefits and governance rights. Token holders with veBANK can vote on protocol parameters, yield distribution, and updates to the system.
Matt Ye is the co-founder and CEO of the protocol. Lorenzo Protocol has expanded its operations across multiple chains, including BNB Chain and Sui. It has managed over $500 million in assets and is currently the primary yield infrastructure provider for USD1 within the WLFI ecosystem.
The platform operates through the Lorenzo OTF system, which allows for the creation of tokenized, on-chain funds. These funds offer real-time valuation, composability, and immediate liquidity. The OTF model supports cross-chain deployment and enables institutional strategies to function entirely within an on-chain framework.
$BANK is used for staking, yield enhancement, and governance. Staking converts $BANK into veBANK, which offers protocol-level benefits and the ability to influence decision-making.
Lorenzo Protocol is integrated with World Liberty Financial as the official yield provider for USD1. It collaborates with BNB Chain to develop native asset management tools. ListaDAO supports Lorenzo in scaling the USD1 liquidity pool. Partnerships with Sui and Navi enable enzoBTC to be used as a collateral asset within the Sui ecosystem.
The maximum supply of BANK is capped at 2.1 billion tokens, with approximately 526.8 million currently in circulation.
BANK is listed on Binance for trade and purchase. The current price of BANK is available and updated in real time on Binance.