@Lorenzo Protocol is an on-chain asset management platform that brings traditional financial strategies in the form of tokenized products on the blockchain.
Lorenzo creates On-Chain Traded Funds (OTFs) — these OTFs are tokenized products with a structure similar to traditional funds, providing users exposure to different trading and yield strategies.
The platform uses a Financial Abstraction Layer (FAL) that converts complex financial strategies into simple on-chain products. Capital is routed through smart contracts and vaults into different strategies (like quantitative trading, volatility strategies, managed futures, etc.).
In Lorenzo, vaults and tokenized funds organize users' assets and link them with professionally managed strategies. The value of OTF rises when underlying strategies generate profit.
BANK protocol's native token is. This token is used for governance, to distribute incentives and rewards, and in some cases, to gain participation through staking.
The simple matter: Lorenzo provides traditional fund-like crypto products on the blockchain where users can gain exposure to different strategies through tokenized funds and vaults, and the BANK token powers the platform's governance and participation mechanisms.
