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ULAB is the native utility token of LayerBank, designed to power liquidity, incentives, and long-term protocol alignment across chains.
This post outlines the official details of the ULAB public sale, including allocation, pricing, supported chains, settlement assets, timelines, and how ULAB fits into LayerBank’s broader on-chain strategy.
Token: ULAB
Sale Type: Public Sale
Total Allocation: 1,000,000 ULAB (1.0% of total supply- Tokenomics)
Sale Valuation: $20M FDV
Planned Launch Valuation: $25M FDV
Lockup: None (100% unlocked at TGE)
The ULAB public sale will be conducted simultaneously on Movement and Base, with a fixed allocation on each chain.
Contribution Period : Dec 17, 11:00 ~ Dec 21, 11:00
Settlement Period : Dec 21, 11:00 ~ Dec 22, 07:00
TGE Date : Dec 22
Refund & Claim Window : Dec 22, 07:00 ~ Dec 25, 21:22
Refund Deadline : Jun 26, 16:00
Connect a wallet on Movement or Base
Review and sign the public sale terms on-chain
Contribute using:
USDC on Base
MOVE on Movement
Contributions are finalized on-chain during the contribution window (If the sale is oversubscribed, any excess amount will be refunded after the settlement period)
Claim ULAB during the claim period on the same chain used for contribution
Public sale participants will receive their ULAB fully unlocked at TGE. There is no vesting, cliff, or post-sale lockup, and tokens will be claimed on the same chain where the contribution was made. We chose this structure to keep the sale simple and transparent, while ensuring participants have full flexibility from day one—whether they want to hold, LP, or lock into xULAB once the ecosystem goes live.
In terms of valuation, the public sale is priced at a $20M FDV, with a $25M FDV planned for launch. In other words, the sale is a clear entry point at a discount to the intended launch valuation, without adding complexity through delayed unlocks or conditional vesting. We want early participation to be driven by conviction and utility, not by forced holding mechanics.
A key part of the launch is that ULAB is designed to work across chains from day one. At TGE, LayerBank will support a LayerZero-powered bridge between Base and Movement, enabling ULAB to move between EVM (Base) and Move (Movement) environments. This keeps friction low for existing EVM users who want to onboard into Movement, and it helps liquidity and utility stay connected across ecosystems instead of being split into isolated silos.
After launch, ULAB is intended to be actively used within LayerBank rather than sitting idle. It will power core flows like creating and locking ULAB LP positions, minting xULAB through the veTokenomics model, and unlocking emission boosts for lending participation. Governance features will also roll out post-TGE—starting with mechanisms that allow LP lockers to participate in emission-related decisions—so that long-term participants can directly influence how incentives are distributed as LayerBank expands.
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