LayerBank V2
A universal permissionless on-chain bank.
Last updated
A universal permissionless on-chain bank.
Last updated
LayerBank stands as a state-of-the-art, permissionless, non-custodial DeFi lending platform, offering a stable crypto money market service across the omni-chain environment. It primarily facilitates loans using assets such as BTC, ETH, and USDC as collateral, providing a bridge for users to lend to one another.
Why Use LayerBank?
Traditionally, obtaining a loan required visiting a financial institution laden with collateral. LayerBank revolutionizes this process by eliminating intermediaries from asset trading, futures contracts, and savings accounts, thereby offering a more direct and efficient lending and borrowing environment.
Moreover, aiming for all EVM-L2s, LayerBank transcends chain-specific limitations, offering users enhanced liquidity and usability within an omni-chain environment.
The mission of LayerBank is to create a safer and more competitive lending environment within the omni-chain money market, with the LayerBank DAO, powered by the ULAB token, playing a pivotal role in governance.
Key Features:
LayerBank's tokenomics, centered around the $LAB stake, offer multiple advantages to its users:
Yield Boosting: Enhances users' APR in proportion to their $LAB token stake.
Revenue Sharing: Distributes a portion of the platform's fees to users on a weekly basis, relative to their stake.
Automatic $LAB Buyback and Burn Systems: When users claim their portion of platform fees, LayerBank automatically initiates the buyback of $LAB tokens. A significant portion of the protocol's revenue is allocated to burning $LAB tokens, reducing the token supply.
These features are fundamental to LayerBank's strategy for sustaining and fostering the long-term growth of the platform, delivering substantial benefits to its user base.
