The BANK token is the native utility and governance token of the Lorenzo Protocol, a rapidly growing DeFi ecosystem built on the BNB Smart Chain (BSC). With a fixed total supply of 2.1 billion tokens, BANK is designed to align incentives between users, stakers, and governance participants while driving long-term sustainability.
Core Mechanics: From BANK to veBANK
BANK holders can lock their tokens for a chosen period to mint veBANK (vote-escrowed BANK). This locking mechanism transforms simple token holdings into a powerful governance and utility asset. The longer the lock-up period, the greater the amount of veBANK received, amplifying the holder's influence and rewards within the ecosystem.
Key Use Cases of the BANK Token
Staking & Privileges
By staking BANK or holding veBANK, users unlock exclusive protocol privileges. These include access to advanced features, boosted yields, and priority participation in new product launches.
Governance Rights
BANK is the cornerstone of decentralized governance in Lorenzo Protocol. veBANK holders can propose and vote on critical decisions, such as:
- Product roadmap and feature updates
- Fee structure adjustments
- Allocation of ecosystem growth funds
- Future token emission schedules and incentive programs
This ensures that the protocol evolves in line with the community's vision.
Sustainable Rewards System
A portion of the protocol's real revenue is continuously directed into a reward pool. Active participants--whether through providing liquidity, voting in governance, or engaging in community initiatives--are eligible to earn BANK emissions. This "flywheel" model creates a self-reinforcing loop: more usage - more revenue - more rewards - stronger participation.
Why BANK Matters
With its capped supply, revenue-backed rewards, and robust governance framework, BANK is more than just a token--it's the economic and decision-making engine of the Lorenzo Protocol. By locking BANK into veBANK, users not only gain enhanced utility and influence but also directly contribute to the long-term alignment and growth of the entire ecosystem.
As Lorenzo continues to expand its suite of Bitcoin-focused DeFi solutions on BSC, the BANK token remains at the heart of its incentive structure, governance model, and community-driven development.
