# $ULAB

**ULAB (Universal LayerBank Token)** is the governance and utility token of **LayerBank**, an omni-chain money market deployed across multiple networks.

ULAB is used to:

* Incentivize supply, borrow, and LP activity on LayerBank
* Lock into **ULAB LP** to obtain **xULAB** via the Locker
* Boost ULAB rewards and participate in governance

#### Token Summary

<table><thead><tr><th width="176.203125">Item</th><th>Value</th></tr></thead><tbody><tr><td>Name</td><td>Universal LayerBank Token</td></tr><tr><td>Symbol</td><td>ULAB</td></tr><tr><td>Total Supply</td><td>100,000,000 ULAB</td></tr><tr><td>Standard</td><td>ERC-20, Fungible Asset (Move), LayerZero OFT (cross-chain)</td></tr><tr><td>Contract</td><td>(TBA)</td></tr><tr><td>Chains</td><td>Movement, Base, and other LayerBank-supported networks</td></tr><tr><td>Role</td><td>Governance &#x26; utility token of the LayerBank protocol</td></tr></tbody></table>

#### Roles of ULAB

* **Reward Asset**\
  ULAB is distributed as incentives to suppliers, borrowers, and LP providers.
* **Locking & Boost Asset**\
  ULAB is paired into LP (e.g. ULAB–MOVE, ULAB–ETH) and locked in the **ULAB Locker** to mint **xULAB**, which boosts rewards.
* **Governance Primitive (WIP)**\
  xULAB is designed as the base primitive for future emission gauges and protocol governance.


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