#lorenzoprotocol @Lorenzo Protocol
The relationship between Lorenzo and Binance is mainly about the Lorenzo Protocol. This protocol is an on chain asset management platform and it has a token called BANK. Binance lists the $BANK token and supports it across its ecosystem. Binance is a key place where the token is traded and it also shares learning content that explains how the protocol and its financial products work. #CryptoNews🚀🔥 #BinanceSquare
Relation of Lorenzo Protocol with Binance
Binance works with the Lorenzo Protocol in several ways. Binance listed the $BANK token on its spot market and marked it as a seed project which means it is still early and has higher risk. Binance Wallet also worked with PancakeSwap to launch the BANK token through a special token generation event that gave users early access. Binance has published guides and articles about the protocol on Binance Academy and Binance Square and presents it as a professional level platform for on chain asset management and Bitcoin liquidity finance. The Lorenzo Protocol also connects with projects in the BNB Chain ecosystem such as ListaDAO to help grow liquidity for products like USD1+.
Overall Binance support has helped the Lorenzo Protocol gain more visibility better liquidity and access to both everyday users and larger institutional investors.
