I've heard of ETFs, what the hell is OTF? Lorenzo's ticker is named BANK, which is a good name and also requires the construction of an on chain 'investment bank'. Investment banks need products. Drawing on traditional investment bank ETFs, they have developed OTF: On Chain Traded Fund, which focuses on tokenizing income products. They have just launched USD1+OTF testing products on BNBChain. Simply put, @ LorenzoProtocol is the tokenization of revenue schemes that originally existed in CeFi or TradFi, allowing assets to be traded and circulated on the chain. This allows for flexible combinations, introduces complete DeFi gameplay, and is more transparent and efficient. Institutional level on chain asset management "should be the core positioning. Compliance funds, RWA assets, quantitative strategies, and DeFi can all be tokenized, raised, and traded on Lorenzo through OTF. This is the Financial Abstraction Layer, FAL Financial Abstraction Layer, which was previously promoted by the official platform. The first OTF product is USD1+OTF. USD1 has been very popular recently. This product can unify the assets mentioned above into tokens and settle the profits in USD1. Ordinary users can also participate by subscribing with stablecoins to receive sUSD1+, just like buying ETFs. Where does the revenue come from? Part of it comes from the team's own background in quantitative funds, part comes from DeFi returns, and part comes from RWA, which uses tokenized US bonds as collateral, allowing idle collateral to generate additional returns and improve fund efficiency. BANK 、USD1、BNBChain、 OTF， When combined together, you will know what will happen. Testing websites can participate and receive incentives: http://app-testnet.lorenzo-protocol.xyz/otf