Lorenzo launches the testnet product USD1+OTF, pioneering the on-chain real yield fund based on USD1.
BlockBeats News, July 4th, On-chain asset management platform Lorenzo officially launched its first OTF (On-chain Traded Fund) testnet product—USD1+ OTF, also its first U-based income product with USD1 stablecoin as the settlement unit, currently deployed on the BNB Chain testnet.
This product is supported by Lorenzo's developed Financial Abstraction Layer, which will integrate income from RWA, quantitative strategies, and DeFi income, with all income settled in USD1. Lorenzo has thus become one of the earliest projects to build a real income product around USD1, promoting the practical use of USD1 in the on-chain financial ecosystem.
Users can participate in the product test by staking USDT, USDC, or USD1, receiving sUSD1+ tokens representing income rights, and experiencing a stable, diversified, and real income structure.
Lorenzo's future vision is to build an on-chain investment bank, focusing on providing standardized issuance, tokenized management, and fundraising services for income-generating assets such as CeFi, RWA, DeFi, thereby bridging the gap between on-chain large-scale funds and institutional-level financial products.
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