Lorenzo Protocol turns institutional fund logic into On-Chain Traded Funds (OTFs) — single tokens representing managed portfolios whose rebalances, fees, and redemptions are encoded on-chain and fully inspectable. Vaults are the building blocks (single-strategy rooms like volatility harvest or quant trading) that can be composed into multi-strategy OTFs; the USD1+ market-neutral OTF pilot blends DeFi yield, tokenized treasuries, and quant desks as a proof-of-concept. BANK is the native token for governance and incentives; locking it into veBANK gives long-term stewards extra voting weight and rewards. Watch quiet health signals: AUM/liquidity of share tokens, net returns after fees, audit & bug-bounty history, and governance participation — price is loud, these are the heartbeat. Main risks: smart-contract & external dependency risk, fee drag, liquidity mismatch, tail correlations, governance capture, and regulatory complexity. Security is continuous: audits, CI, testnets, bug bounties, and public review. Real use cases: DAO treasuries, small charities, and allocators doing on-chain due diligence. Read the docs, inspect contracts, simulate funds, study fees, and participate in governance.

@Lorenzo Protocol $BANK #lorenzoprotocol