Your Quick Guide to Joining the Lorenzo USD1+ OTF Testnet
Your step-by-step guide to deposit and earn.
Your step-by-step guide to deposit and earn.
Lorenzo’s USD1+ OTF testnet is now live on BNB Chain — giving you an opportunity to explore how our on-chain yield vault works before mainnet. Follow this quick guide to start earning passive, institutional-grade yield with testnet tokens.
What is USD1+ OTF?
USD1+ OTF is the first On-chain Traded Fund (OTF) issued by Lorenzo, built on the Financial Abstraction Layer. It aggregates returns from real-world assets (RWA), CeFi quant trading and DeFi protocols. All yields are fully settled in USD1 and packaged into a single on-chain financial product.
Put simply, you can stake stablecoins to mint USD1+, and redeem them later for a larger amount of USD1 as the USD1+ OTF generates yield — a seamless way to earn stable, on-chain returns using any stablecoin.
How To Participate
Here’s a quick step-by-step guide to help you join the Lorenzo USD1+ OTF testnet.
Deposit
Step 1: Get USD1 Testnet Tokens
Head to the testnet site and click on “Get Test Tokens” at the top of the page.
Step 2: Connect Your Wallet
Click the “Connect” in the top right.
Choose your preferred EMV-compatible wallet (e.g., MetaMask, Trust Wallet, OKX Wallet, etc.).
Step 3: Make a Deposit
Enter the amount of USD1 you’d like to deposit (minimum: 50 USD1).
You’ll see how much sUSD1+ you’ll receive based on the current NAV (Net Asset Value).
Step 4: Accept Terms
Before proceeding, please:
- Read and accept the AML & Risk Disclosure terms
- Agree purchase terms
- Confirm this transaction in your wallet
Step 5: Go to claim sUSD1+
You’re all set! Sit back and enjoy passive, institutional-grade yield with your sUSD1+ holdings.
Withdraw
Step 1: Go to withdraw
- You may choose to withdraw your holdings anytime
- Agree to the withdrawal terms, and approve the withdrawal transaction in your wallet.
- You can track the transaction status under the “Your Activities” tab.
⚠️ Please note: Withdrawals typically take ~2 hours to process.
Step 2: Go to claim USD1
After you claim USD1 in “Your Activities”, you’ll receive your USD1 once the Withdrawal Settlement process is completed. (For details, please refer to More Information.)
More information
Withdrawal Settlement:
- Your withdrawal amount is calculated based on the Unit NAV at the time of settlement and may fluctuate due to market performance.
- Minimum holding period: 7 days (your sUSD1+ must be held for ≥7 days before requesting withdrawal).
- Settlement cycle: Requests submitted during Week 1 (Days 1–7) → Settled on Day 14 (Week 2).
- Final withdrawal amount: Calculated using the Unit NAV on Day 14, not the NAV at the time of your request.
NAV Calculation
Unit NAV (Net Asset Value) represents the current value of the Vault’s assets per token.
It is calculated by dividing the total value of the Vault’s assets (TVL) by the total number of Vault tokens in circulation.
Unit NAV = (Vault Total Assets — Vault Total Liabilities) / Vault Total Shares
Risks Reminder
The USD1+ OTF is best for users seeking predictable, passive yield and stablecoin holders who want exposure to institutional yield strategies.
Before you participate, please consider:
- Yield performance will fluctuate and is not guaranteed. Past performance is not indicative of future results.
- Net Asset Value may fluctuate based on strategy performance and market conditions.
- Redemptions follow a fixed-cycle schedule, which may vary slightly over time, and are not instant.
Have more questions? Check our full FAQ directly on the dApp page for details.
About Lorenzo Protocol
Lorenzo Protocol is an institutional-grade on-chain asset management platform that tokenizes and integrates CeFi financial products into the DeFi ecosystem.
Powered by its core system, the Financial Abstraction Layer (FAL), Lorenzo connects on-chain capital to a broad range of off-chain financial strategies, such as staking and quantitative trading. To do so, Lorenzo packages the strategies into an On-Chain Traded Fund (OTF), which, like a traditional ETF, provides users access to sophisticated yield strategies via tradable tickers. For institutional financial products, OTFs implement a direct path to a cycle of on-chain fundraising, off-chain execution, and on-chain settlement.
Lorenzo provides the yield infrastructure behind Neobanks, Payment Finance, Wallets, PayFi, RWAFi, DeFAI, and other financial access products, enabling them to integrate sustainable on-chain real yield into their services at scale, enhance user engagement, and deliver institutional-grade financial products to a global audience.
For more information, please visit and follow the regular updates on the Lorenzo Protocol website, X (Twitter), Medium, Telegram, and Discord.
Disclaimer
USD1+ OTF is a tokenized financial product built on Lorenzo Protocol’s infrastructure. It is not a bank product and is neither FDIC-insured nor backed by any government entity. The product is designed to offer exposure to a market-neutral yield strategy; however, yields are variable and subject to change. Past performance is not indicative of future results.
Redemptions submitted through the Lorenzo dApp are processed on a target biweekly settlement cycle, coordinated with the strategy execution team. Actual timing may vary depending on operational or market conditions. Token prices may fluctuate based on market liquidity and may not always reflect net asset value (NAV) in real time.
Yield is delivered via NAV appreciation and is distributed after deducting protocol service fees and strategy execution fees. Lorenzo Protocol does not manage user funds and is not responsible for the performance of any underlying strategy.
Access to this product may be restricted in certain jurisdictions in accordance with applicable regulations.
