Tokenomics and utility of BANK
BANK is the native governance and utility token of the Lorenzo Protocol. It plays a vital role in the ecosystem's operations and long-term alignment. The main use cases of BANK include:
Governance: BANK holders can participate in protocol governance decisions, influencing product updates, fee structures, and resource allocation.
Staking: Users can stake BANK tokens to receive veBANK (voting-escrowed BANK). Holding veBANK grants enhanced governance rights and eligibility for additional BANK emissions and a share of protocol fees. The longer BANK is locked (for veBANK), the greater your voting influence and potential rewards.
Value capture: The Lorenzo Protocol plans to implement a token buyback program using protocol revenue to return value to BANK holders.
As of May 12, 2025, according to CoinGecko data, the key metrics for BANK are as follows:
Maximum supply: 2.1 billion BANK
Total supply: 425.25 million BANK
Circulating supply: 425.25 million BANK
Market cap: $30.63 million
Price: $0.0721
24-hour trading volume: $21.6 million
The initial circulating supply is 20.25% of the total supply, with 8% of the total supply reserved for the initial community airdrop. The BANK token unlock schedule is designed for long-term alignment, with no tokens unlocking for the team, investors, advisors, or treasury in the first year post-IDO.
