Lorenzo launched the Testnet product USD1+ OTF, pioneering the implementation of an on-chain real yield fund based on USD1.

According to Deep Tide TechFlow news, on July 4, the on-chain asset management platform Lorenzo officially launched its first OTF (On-chain Traded Fund) Testnet product - USD1+ OTF, which is also its first U-based income product settled in USD1 stablecoin, currently deployed on the BNB Chain Testnet.

This product is supported by the Financial Abstraction Layer developed by Lorenzo, which integrates three sources of returns: RWA returns, quantitative strategies, and DeFi returns. All returns are unified for Settlement as USD1, making Lorenzo one of the earliest projects to build real yield products around USD1, promoting the actual use of USD1 in the on-chain financial ecosystem.

Users can participate in product testing by staking USDT, USDC, or USD1 to obtain sUSD1+ tokens representing the right to earnings, and experience a stable, diversified, and real income structure.

Lorenzo's vision for the future is to create an on-chain investment bank that focuses on providing standardized issuance, tokenized management, and fundraising services for yield-bearing assets such as CeFi, RWA, and DeFi, bridging the gap between large on-chain capital and institutional-level wealth management products.