Lorenzo Protocol 2025 Recap & What's Next
A recap of Lorenzo Protocol’s 2025 milestones and a look ahead to 2026, including new OTFs, Lorenzo Earn, Proof of Commitment, and expanded on-chain yield products.
2025 was the warm-up. 2026 is the next evolution.
Last year, we launched our flagship OTF product line, completed our $BANK TGE and Binance listing, expanded to the World Liberty Financial ecosystem with sUSD1+ OTF (the first-ever yield product for USD1 holders), and much more.
As we built, protocol TVL grew from $111 million to a peak of over $840 million.
With our foundation now in place, we’re entering 2026 to advance Wall Street-grade products and services on-chain through our institutional-grade asset management platform.
Here’s a recap of what we achieved and a preview of what’s next!
TL;DR:
- 2025 Recap: $BANK TGE and major exchange listings, launch of OTF product line led by sUSD1+ OTF, expansion into the World Liberty Financial ecosystem, and steady progress across infrastructure and real yield strategies.
- 2026 Focus: fresh products and a community incentive system, all fitting together to create the most opportunity-rich era for Lorenzo's users ever!
- What’s Coming:
- BNB+ OTF: A four-layer yield engine that will give BNB holders never-before-seen access to earn yield powered by one of the ecosystem's top-performing funds.
- Lorenzo Earn: Simplified on-chain yield access. The first vaults focus on USD1 & sUSD1+, tapping LP rewards, lending, and interest-rate derivatives.
- Proof of Commitment (PoC): Rewards meaningful participation across products + $BANK actions (Season 2 points, veBANK governance, yLRZ loyalty).
2025: Building the Foundation
2025 marked a defining year for Lorenzo Protocol.
We completed our Token Generation Event in April, launching $BANK via Binance Wallet and securing listings on leading exchanges, including Binance, Bitget, PancakeSwap, and others.
These milestones delivered strong liquidity, global accessibility, and a solid market foundation for the Lorenzo ecosystem.
1/ $BANK is now live — the governance token of Lorenzo Protocol.
— Lorenzo Protocol (@LorenzoProtocol) April 18, 2025
Let’s dive into tokenomics 🧵 pic.twitter.com/gV6dPLw4BS
Product-wise, we introduced our On-Chain Traded Fund (OTF) product line, led by sUSD1+ OTF, our flagship yield product for USD1 holders using World Liberty Financial’s USD1 as its settlement asset. This launch marked Lorenzo’s entry into the WLFI ecosystem and established OTFs as our core product category.
Bart Hillerich
Throughout the year, our strategy remained focused and deliberate. We prioritized real, sustainable yield, conservative risk management, and infrastructure that could scale long-term, rather than short-term experimentation.
This focus generated strong results for our users. Most notably, during the week of the October 10 flash crash, sUSD1+ OTF depositors earned a 1.1% daily yield during the flash crash and closed out the week with a ~50% 7-day APY.
Bart Hillerich
2026: Earn More With Lorenzo
With the foundation firmly in place, 2026 will see the next evolution of Lorenzo Protocol.
This phase is about scale, depth, and integration: delivering Wall Street-grade financial products on-chain through a cohesive, institutional-grade asset management platform.
Everything launching this year is designed to work together, creating the most opportunity-rich era for Lorenzo users to date.
Below is a look at what’s coming:
Introducing Lorenzo Earn
2026 brings the launch of Lorenzo Earn, our DeFi vault product line designed to make on-chain yield simpler and more accessible:
- Strategy-driven vaults with predefined execution logic
- Simple flow: deposit → strategy execution → redeem
- Low-maintenance access to on-chain yield
Lorenzo Earn will initially launch with DeFi vaults built around USD1 and sUSD1+, leveraging established BNB ecosystem infrastructure.
By introducing diversified yield sources such as LP incentives, lending yield, and interest-rate–related strategies, these vaults extend the utility of sUSD1+ OTF and provide users with greater flexibility in how they deploy capital.
Proof of Commitment: Aligning the Ecosystem
To support long-term ecosystem growth, we’re introducing Lorenzo Proof of Commitment (PoC).
PoC is a new incentive system designed to reward meaningful, sustained participation across the Lorenzo ecosystem. It applies across OTFs, Lorenzo Earn products, and $BANK-related actions, aligning users with the protocol’s long-term success.
PoC is built on three pillars:
• Season 2 Points - rewarding product participation.
• veBANK - Lock $BANK to earn rewards, and later participate in the protocol's long-term governance through voting.
• yLRZ - loyalty rewards for early supporters.
To thank our early supporters, retroactive points will be enabled, and yLRZ rewards will go live simultaneously.
PoC is more than a rewards program. It is a governance and alignment mechanism that ensures contributors grow alongside the protocol they help build!
Expanding the OTF Product Line
OTFs will remain Lorenzo’s primary product category.
These products package sophisticated yield strategies into on-chain structures that are transparent, composable across DeFi, and capital efficient. OTFs unlock access to strategies that were historically inaccessible to retail users due to high deposit minimums, off-chain execution, or institutional gatekeeping.
BNB+ OTF
The next major addition to our lineup. It will deliver BNB holders a four-layer yield engine, providing a robust & diversified high-quality yield source for the BNB ecosystem. It will serve as a flagship BNB RWA use case.
And our already-existing OTF lineup continues to grow:
sUSD1+ OTF
Launched in 2025 as the first yield product for USD1 holders. As Lorenzo evolves in 2026, sUSD1+ will unlock more ways to earn, including upcoming Earn vaults that expand how users can deploy their assets across more diversified yield strategies.
View sUSD1+ OTF
enzoBTC
Lorenzo’s longstanding BTC yield product, backed by more than two years of BTCFi operations. enzoBTC remains one of the most composable BTC asset management solutions in the market, active across 20-plus chains and dozens of DeFi protocols.
View enzoBTC
Looking Ahead
Each component launching in 2026 is core to Lorenzo’s evolution.
This will be the most opportunity-rich era for Lorenzo’s users yet. More details are coming soon!
— Team Lorenzo Protocol
