The native token of the Lorenzo Protocol is BANK, which is a BEP-20 token based on the BNB Chain, launched in April 2025 with the deployment of the protocol's mainnet. It is primarily used for ecological governance, yield enhancement, etc. Below is a detailed introduction:

1. Token Supply: The total supply is fixed at 2.1 billion tokens with no inflation mechanism. As of October 31, 2025, the circulating supply is 425.25 million tokens, accounting for only 20.25% of the total supply. Token distribution is heavily skewed towards the community, with 48% flowing into the community treasury, 20% allocated to the team (with a 48-month linear unlock), 12% given to seed round investors, and the remaining 10% used for liquidity mining pools, and 10% invested in the ecological fund.

2. Core Uses: First, governance rights, where 1 BANK corresponds to 1 vote, allowing participation in key decisions such as protocol product updates and fee structures, with a proposal threshold of 5 million tokens; second, yield enhancement, where staking BANK can yield veBANK. The higher the weight of the token, the higher the proportion of dividends users receive from the platform's flagship product USD1+, up to 2.5 times; third, protocol fuel, where issuing on-chain transaction funds (OTF) requires burning 0.01% of BANK, and the burned portion is 100% destroyed.

3. Value Capture and Market Dynamics: The platform has multiple mechanisms to ensure the value of BANK, such as using 0.05% of OTF transaction fees to burn BANK and fully repurchasing BANK with 0.03% mining fees. It has been listed on exchanges such as Binance and Bybit and previously conducted a Binance trading competition to share 5.89 million BANK. The team is also preparing $30 million for market-making to enhance token liquidity and market activity. Additionally, veBANK obtained from staking BANK allows users to enjoy a share of protocol fees, further enhancing the token's value appeal. #lorenzoprotocol $BANK