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.

Sale Overview

• 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.

Allocation & Settlement by Chain

Sale Timeline (UTC)

• 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

How to Participate

1. Connect a wallet on Movement or Base

2. Review and sign the public sale terms on-chain

3. Contribute using:

   • USDC on Base

   • MOVE on Movement

4. Contributions are finalized on-chain during the contribution window (If the sale is oversubscribed, any excess amount will be refunded after the settlement period)

5. 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.

Cross-Chain from Day One: Base ↔ Movement

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.

Official Links

• App: https://layerbank.finance

• Docs: https://docs.layerbank.finance

• X: https://x.com/LayerBankFi

  
  

This campaign is designed for early users who want to help validate the core mechanics of ULAB on Movement before mainnet and TGE.

ULAB is planned to be one of the first tokens launched on Movement and aims to become a core utility and liquidity token in the ecosystem.

https://app.layerbank.finance/bank?chain=movement-bardock-testnet

Why Movement

Movement is building a high-performance, Move-based architecture with strong security and modular design, while still staying friendly to EVM users and developers.

LayerBank is integrating deeply into this environment with:

• Lending markets for core ecosystem assets

• LP locking and xULAB-based boosting

• Emission and liquidity mechanisms tailored for Movement’s growth

ULAB’s role on Movement is intended to be:

• The first native token launch tied to a lending protocol

• A utility token for liquidity, emissions, and locking

• A foundation for future cross-chain collateral and capital routing

Important: Wallet & RPC Setup for Movement Testnet

This campaign runs on Movement Bardock-testnet, you may need to manually update your Movement wallet RPC before using the ULAB testnet.

• Supported for ULAB testnet:

  • Nightly Wallet (recommended) – works out of the box with Movement Bardock-testnet (https://nightly.app/download)

  • Razor Wallet – requires manual RPC setup (see guide below)

    • RPC URL: https://testnet.movementnetwork.xyz/v1

      

• Not supported for this testnet:

  • OKX Aptos wallet is not supported for the ULAB Movement testnet.

What LB Movers Will Test

1. Requesting Testnet Tokens

Using the “Request Coins” interface, testers should:

• Claim MOVE (testnet)

• Claim LMOVE (LayerBank testnet token)

• Claim ULAB (LayerBank testnet token)

This ensures you can interact with both core markets and ULAB-specific features.

2. Supplying Assets to the Market

Next, deposit assets into the Movement testnet markets:

• Supply LMOVE

• Supply ULAB

A roughly 50/50 distribution is recommended to simulate realistic portfolios and borrowing capacity.

3. ULAB LP Creation and Locking (xULAB)

On the ULAB page, testers will walk through the full LP locking pipeline:

• Create ULAB-based LP

• Lock LP to mint xULAB

• Verify that the boost for markets is active

  

  You should try all available creation flows:
  - Classic: using existing token balances

  - Zap: starting from a single asset and routing into LP

  - Borrow: using borrowed liquidity to create LP and lock

  These flows together demonstrate how ULAB will drive liquidity and incentives on Movement.

  
  

4. Emissions, Vesting and Compounding

Testers should then interact with the reward mechanics:

• Observe ULAB emissions to eligible positions

• Trigger claim and vesting flows

• Try compounding rewards back into LP and locking

On the testnet, the ULAB locking period is simplified to a fixed 300 seconds. This makes it easy to quickly test the full lifecycle without waiting for long durations, while still validating logic and UI.

5. Feedback and Review

After completing the core flows, LB Movers are expected to:

• Review the protocol UX and documentation

• Comment on what feels intuitive and what needs clarity

• Report any bugs, inconsistencies, or edge cases

Feedback should be published as a Twitter post, which can include:

• Screenshots or short clips

• Comments on the xULAB model and incentives

• Thoughts on how ULAB can strengthen Movement as a DeFi hub

6. Submission via Galxe
https://app.galxe.com/quest/LayerBank/GCKGvtYqfg

To formalize participation:

1. Publish your feedback post on Twitter

2. Submit the tweet URL through the Galxe quest page

The LayerBank team will review all submissions and select contributors to receive the LB Movers Discord role.

ULAB’s Position in the Movement Ecosystem

This campaign is not just about a testnet; it is the first public step in making ULAB:

• A central piece of Movement’s lending infrastructure

• The primary token for LP locking, boosting, and emissions routing

• A coordination layer for capital across Movement-native assets

By participating as an LB Mover, you are helping to define:

• How liquidity anchors on Movement

• How incentives are distributed through xULAB

• How early users experience ULAB from day one

What is Rootstock (and RBTC)?

Rootstock is Bitcoin’s DeFi layer: a smart-contract chain secured by Bitcoin (merge-mined) with a 1:1 BTC-pegged asset called RBTC (used for gas and DeFi). In short: BTC in, RBTC out—so you can swap, lend, borrow, and loop with Bitcoin collateral.

The canonical two-way peg is PowPeg; it converts BTC↔RBTC under Bitcoin-level security.

Three ways to get RBTC

Option A — Arbitrum → (swap) → Rootstock ✅ Often cheapest

1. On Arbitrum, swap WBTC → RBTC using Oku (Uniswap v3 UI).

   • Oku pool: RBTC/WBTC

   • Tokens:

     • WBTC (Arbitrum): 0x2f2a2543B76A4166549F7aAB2e75Bef0aefC5B0f

     • RBTC (Arbitrum OFT): 0x441Fcb23dFe8289cf572126FEDCf450974ADc891

2. Bridge RBTC → Rootstock via Stargate (LayerZero).

   • Stargate bridge: Arbitrum→Rootstock, RBTC

   You’ll receive RBTC on Rootstock at your configured wallet address. Keep a small amount of RBTC for gas.

Why this route? You do one efficient swap on Arbitrum (deep liquidity, tight spread), then bridge RBTC directly, reducing extra swaps/fees on Rootstock.

Option B — EVM → Rootstock → (swap on Rootstock)

1. Bridge USDT0 or WETH to Rootstock via Stargate.

   • Stargate bridge

   • Tokens (Rootstock):

     • USDT0: 0x779Ded0c9e1022225f8E0630b35a9b54bE713736

     • WETH: 0x2F6F07CDcf3588944Bf4C42aC74ff24bF56e7590

2. On Rootstock, swap USDT0/WETH → RBTC using Oku, Sushi, or WoodSwap.

   • DEX links:

   https://www.sushi.com/rootstock/swap

   https://woodswap.org/home

   https://oku.trade/app/rootstock/trade

When to use: If you already hold USDT0/WETH on another EVM chain and want a simple bridge → one swap on Rootstock.

Option C — BTC Mainnet → Rootstock (PowPeg)

• PowPeg (canonical 1:1 peg): Strict, on-chain BTC↔RBTC with longer confirmations.

When to use: You hold native BTC and prefer to stay within the BTC peg system.

What You Can Do on LayerBank (Once You Have RBTC)

• Supply RBTC to earn base yield + incentives.

• Borrow USDT0, RBTC, or WETH and loop (deposit → borrow → buy/mint → repeat) to amplify APY.

• Track yields and incentive streams via Merkl/LayerBank dashboards.

  • LayerBank app

  • Merkl

Tips, Fees & Safety

• Gas: Keep a small RBTC buffer for transactions on Rootstock.

• Slippage: Check price impact on large swaps (both on Arbitrum and Rootstock).

• Bridge fees & timing: Stargate fees vary; compare Option A vs B briefly before executing.

• Security: Always confirm token contracts and bridge URLs. Start with a small test.

LayerBank lets you maximize your yield potential by looping any supported collateral—whether stable or volatile—in just a few clicks. Backed by robust audits and oracles, our Leverage Looping feature makes sophisticated DeFi strategies simple and safe.

1. Getting Started – Deposit & Loop

Select Collateral

Choose from supported tokens including stables, LSTs, yield-bearing vault tokens, or RWA-backed assets. LayerBank supports both native and derivative tokens (e.g., USDC, pUSD, nAsset, ETH, LSTs, etc).

Choose Loop Settings

Set your desired leverage level. The higher the loop multiplier, the higher the potential yield—and the higher the risk. LayerBank displays the estimated Net APY and position metrics for each loop configuration.

One-Click Loop

With a single transaction, LayerBank automates the process of borrowing, minting/swapping, and re-depositing—repeating until your target LTV is reached.

2. Earning Yield – How the Math Works

Net APY

Your Net APY =(Base yield of the collateral − Borrow APR) × Leverage multiplier

Example:If nAsset yields 10% and borrow rate is 2%, then:→ Spread = 8%→ At 3× leverage: Net APY = ~24%

⚠️ Note: Net APY is calculated based on the total looped position. This may appear lower than theoretical yield projections due to effective compounding dilution across the position.

Real-Time Position Tracking

You can monitor your growing position value in real-time, with detailed stats on collateral balance, debt, Net APY, and liquidation buffer.

3. Strategy Types – Correlated vs. Volatile

🟢 Stable Loops (Stable-on-Stable)

These strategies involve borrowing and re-depositing correlated or pegged assets (e.g., pUSD → nAsset on Plume).

• No liquidation risk from price swings

• Ideal for predictable, low-risk yield stacking

• No slippage when using mint-based looping (e.g., Nest Vault)

✅ Great for users who prefer consistent returns without price exposure.

🔴 Volatile Loops (Token-on-Token)

These involve leveraging price-exposed assets like ETH, BTC, or LP tokens.

• Higher upside potential

• But risk of liquidation if the collateral price falls

• Best for experienced users who can monitor LTV and price volatility

4. Mint vs. Swap – Two Ways to Loop

✅ Mint Path

• Borrow a stablecoin (e.g., pUSD)

• Mint more collateral via LayerBank’s mint integrations (e.g., Nest Vault)

• Zero slippage, and often cheaper than swaps

Example: pUSD → Mint nAsset directly via Nest Vault

🔄 Swap Path

• Borrow → Swap stablecoin for collateral via a DEX

• Useful when minting is unavailable or capped

• Slippage applies, especially in volatile or thinly liquid pairs

Both methods result in the same looped outcome: a larger productive position generating amplified yield.

5. How to Unwind Your Loop

🏃 Fast Exit

• Repay the borrowed amount in full

• Instantly unlock and withdraw your entire collateral

🐢 Gradual Exit

• Withdraw partial collateral

• Redeem (or unstake) it for stablecoins (some vaults may have a cooldown period, e.g., 7–14 days)

• Use redeemed stables to repay part of the debt

• Repeat the cycle until fully closed

Plan ahead—looped positions, especially in vaults with redemption windows, may require multiple steps to unwind.

Ready to Loop?

Visit app.layerbank.finance, pick your vault, and start stacking yield—layer by layer.

We’re thrilled to kick off the Movement campaigns with 300,000 $MOVE rewards — and this is just the beginning. Ongoing incentive programs are planned for the coming months, offering even more opportunities to earn as the Movement ecosystem continues to grow.

How It Works

• Supply assets → earn +0.3 L.Points per $1 supplied

• Borrow assets → earn +2.4 L.Points per $1 borrowed

• $MOVE rewards will be distributed every 48 hours based on the amount of Movement L.Points you’ve accumulated.

L.Points are LayerBank’s native rewards system, designed to recognize and reward active DeFi participation.

Incentivized Markets

The following assets are currently eligible for $MOVE rewards:

• USDC.e

• USDT.e

• $MOVE

• wETH.e

• wBTC

More assets will be added soon, expanding opportunities for users to maximize their earnings.

Why This Matters

LayerBank is committed to supercharging the Movement ecosystem.With ongoing $MOVE incentive campaigns, active users can maximize yields and tap into new DeFi opportunities — not just now, but over the months ahead.

Stay active, stay early, and help shape the future of decentralized lending with us.

Get Started

Deposit or borrow today in the Movement markets on LayerBank.

LayerBank

The Universal Money Market for All Networks

https://app.layerbank.finance

$ULAB is LayerBank's governance token, leveraging vote escrow tokenomics to reward long-term holders with revenue sharing, governance power, and boosted yields. Stakers convert $ULAB into xULAB, a staked version transferable across multiple chains, allowing seamless participation in LayerBank’s ecosystem. Through xULAB, stakers influence emissions, earn up to 3x APR boosts, and enjoy flexible cross-chain staking and governance capabilities. This model supports sustainable growth, attracts liquidity, and aligns incentives across the platform.

$ULAB: Unlocking the Future of Web3 with Value Creation and Incentive Sharing

In the evolving landscape of Web3, one principle stands out: value creation must be shared fairly among participants in a permissionless environment. Whether through DePIN, AI, Real World Assets (RWA), or Infrastructure, the foundation remains the same—empowering contributors by aligning incentives with growth. LayerBank is built on this ethos, delivering sustainable value for users and investors through $ULAB, a governance token set to fuel the next phase of decentralized finance (DeFi).

$ULAB veTokenomics

$ULAB, the governance token of LayerBank, reshapes user interaction by combining governance power, staking incentives, and multi-chain interoperability. Through innovative vote escrow tokenomics (veTokenomics), $ULAB rewards long-term holders with governance influence and revenue sharing, while supporting the platform’s sustainable growth.

Key to this system is xULAB, a 1:1 representation of staked $ULAB. By partnering with bridge solutions, xULAB will offer seamless cross-chain staking and governance participation, ensuring that LayerBank’s ecosystem remains accessible and scalable as it expands.

Key Benefits for $ULAB Stakers

1. Revenue Sharing: Stakers directly benefit from LayerBank’s revenue streams, aligning with the protocol’s growth over the long term.

2. Boosted Yields: Stakers can increase their market APRs by up to 3x, proportional to their holdings in staked $ULAB.

3. Governance Power: Stakers wield weighted voting influence, directing $ULAB emissions and influencing protocol decisions, including permissionless pooling and platform upgrades.

4. Multi-Chain Flexibility: Through strategic partnerships with bridge solutions, xULAB will be transferable across multiple chains, facilitating seamless staking rewards and governance participation across LayerBank’s expanding ecosystem.

Sustainable Revenue Model and Value Creation

LayerBank’s cross-chain functionality, permissionless lending, and staking mechanisms position it to capture a significant share of DeFi’s largest ecosystems. As LayerBank scales, liquidity providers and stakers benefit from seamless participation in multiple networks, with increased token emissions, higher APRs, and $ULAB DAO governance influence driving overall growth.

• Buyback and Burn for Token Value: 50% of borrowing revenue is allocated to the treasury, with a portion used for $ULAB buybacks and burns, creating deflationary pressure and supporting long-term value.

• Incentivizing Liquidity Growth: As $ULAB value rises, stakers earn higher APRs, attracting more liquidity and increasing TVL across the platform.

• Compounding Rewards: $ULAB rewards have a 90-day vesting period with penalties for early withdrawal, or they can be compounded and restaked to increase earning potential.

• Governance Mechanisms: The gauge voting system allows stakers to control $ULAB emissions, directing rewards to the most liquid and high-performing pools, optimizing platform growth.

Road to 100M…

To visualize this, let’s consider the following: If LayerBank's borrowing amount increases and generates 5% annual revenue, and assuming $100M in total borrowings, the indirect profit allocation for buybacks and burns would amount to $2.5M annually.

When looking at the Price-to-Sales Ratio (PSR), LayerBank's PSR, assuming an FDV of $40M, would reach 16. Compared to Lido at 11.5 and Chainlink at 469.8, this shows that LayerBank has a very healthy ratio.

As organic buying volume increases in the market and the project grows according to LayerBank's roadmap, the value return to $ULAB will dramatically increase, making it a highly successful product.

The Gauge Voting System

$ULAB stakers hold significant governance influence through the gauge voting system, modeled after ve3,3 protocols like Curve. This system allows $ULAB holders to direct token emissions to the most active and liquid pools, optimizing rewards for liquidity providers and maximizing protocol efficiency.

Increasing TVL and Market Liquidity: Concentrating emissions on the most active pools increases liquidity and market activity, driving LayerBank’s overall TVL. This attracts more users, enhances trading volume, and increases revenue generation, strengthening the platform’s growth cycle.

Permissionless Pooling: LayerBank is moving towards permissionless pooling, where market creators can set initial lending and borrowing parameters.

This dynamic enables participants to accumulate more $ULAB for greater voting power over emissions. The competitive landscape may lead to a “$ULAB war,” where liquidity providers compete to gain influence, driving further engagement and liquidity into the platform.

Permissionless Lending Markets: A Two-Tier System

LayerBank’s lending markets will be built on a two-tier structure, dividing markets into primary markets and experimental markets:

• Primary Markets: Trusted, large-cap assets like ETH and USDC, governed by the $ULAB DAO, offering stability and security.

• Experimental Markets: Flexible, permissionless markets that enable teams and communities to launch lending pools for long-tail assets across multiple chains. These markets connect to LayerBank’s primary vaults, combining the security of large-cap assets with innovative lending opportunities.

This modular risk system, inspired by protocols like Kamino and Venus, balances risk and reward by fostering innovation without compromising the security of core assets.

Mitigating Risk While Fostering Innovation

By segregating high-risk experimental markets from core, stable assets, LayerBank ensures robust protection for primary markets while fostering innovation. The governance structure, led by the $ULAB DAO, supports transparent decision-making, reducing centralization risks and promoting a secure ecosystem.

Join LayerBank’s Future

$ULAB is more than just a governance token—it is the foundation of a fair reward system that aligns the interests of users, liquidity providers, and investors. Through governance power, staking rewards, and multi-chain interoperability, $ULAB plays a pivotal role in driving LayerBank’s future growth and evolution.

With the upcoming TGE, LayerBank is preparing to scale its ecosystem and offer unprecedented opportunities to investors and users alike. Stay tuned for more information on how to participate in this groundbreaking DeFi initiative.

LayerBank is addressing the challenge of fragmented liquidity across different chains by unifying liquidity pools, which will lower borrowing APRs, increase flexibility, and offer higher yields for users. The upcoming Cross-Chain Lending feature will allow users to borrow across multiple chains, creating a seamless and more efficient borrowing experience.

The platform will also enable Leverage Looping Vaults to maximize staking APYs, and Isolated Lending Pools for quick, permissionless listings for meme tokens, adding deeper liquidity and new margin trading opportunities.

LayerBank Roadmap 1: Cross-Chain Lending (~Q1 2025)

Since our platform launch in July, LayerBank has onboarded 700,000 users across more than eight multi-chain networks, secured $900M in Total Value Locked (TVL), and built a strong brand presence—all without an official governance token.

That said, it is evident that LayerBank isn’t just another lending protocol; we’re redefining decentralized money markets. Our roadmap is meticulously crafted to provide innovative solutions that drive long-term value to unresolved user challenges in the DeFi industry. And as we approach our next milestone with the launch of the $ULAB token, we’d like to share a glimpse of what to expect on Layerbank in the next few months.

LayerBank remains focused on two core principles:

1. User-oriented

2. Decentralized money market

As an industry disruptor, Layerbank’s evolution and growth are directed at addressing user pain points in decentralized lending platforms with new features and seamless experiences.

Tackling Fragmented Liquidity

A significant challenge within DeFi is fragmented liquidity across various networks. This fragmentation leads to a disjointed user experience, complicating access to substantial liquidity pools and driving up borrowing APRs.

LayerBank’s solution is to unify liquidity across multiple chains, allowing users to access and leverage liquidity without barriers. This approach translates to lower borrowing APRs, increased flexibility, and higher yields for our users.

Beyond Multi-Chain: Enter Cross-Chain Lending

A fundamental factor for money markets to succeed, particularly in borrowing, is maintaining low APRs. Currently, many decentralized money markets experience low liquidity, causing APRs to fluctuate rapidly with even small borrowings. While this may not pose a challenge for small-scale retail investors, it often deters larger institutional investors, who view these fluctuations as a significant risk. Consequently, this can lead to reduced platform revenue and diminished governance token value.

By implementing a cross-chain solution, LayerBank aims to enhance the user experience for all investors by treating liquidity as a unified pool across chains. This initiative will facilitate larger liquidity pools and lower borrowing APRs, creating a more stable borrowing environment.

How Cross-Chain Lending Works

Consider this scenario: you have $1,000 in ETH on Scroll, but need liquidity on Linea. LayerBank allows you to use your Scroll ETH as collateral to borrow $500 in ETH on Linea.

Alternatively, if you hold $1 million in ETH on Mode, where borrowing rates exceed 6%, you may find that even a small borrowing amount can further elevate the APR. In this case, LayerBank provides access to other money markets across chains, enabling you to borrow from Linea at a 3% APR and bridge the funds back to Mode.

For institutional users seeking to borrow $20 million, LayerBank allows borrowing from multiple chains—20% from Scroll, 30% from Linea, and so forth—creating an efficient borrowing environment with lower overall APRs.

Initially, this cross-chain functionality will launch on select chains and tokens, with additional cross-chain pools expanding over time.

What Does This Mean for You?

→ Higher Yields, More Opportunities

As borrowing demand increases, supply APRs will rise, creating a positive feedback loop that enhances liquidity and fosters a more favorable borrowing environment.

Moreover, TVL across supported chains will grow, as borrowing and lending needs will no longer be chain-specific but will apply across LayerBank’s cross-chain markets. This evolution strengthens our ecosystem and enhances our ability to secure more enticing user incentives.

Leverage Looping Vaults

LayerBank will also enhance staking APYs by allowing users to loop across cross-chain money markets. Rather than looping a single asset on one chain, users can leverage lower APR assets on one chain while gaining exposure to higher APR opportunities on another. All of this will be available through an intuitive, user-friendly interface in line with our user-centric approach.

More Opportunities Ahead

→ Isolated Lending Markets

LayerBank will collaborate with meme token projects and communities to offer quick and permissionless listing. This will create deeper liquidity and provide users with margin trading opportunities while creating additional protocol revenue streams.

For example, if a meme token launches on Chain A, we can collaborate to list a pool of Token A and ETH/USDT on that chain, with triple incentives. These pools can also scale into major markets, increasing liquidity through multiple incentive layers.

Everything will be permissionless—from pooling and listing to upvoting and incentivizing—governed by the $ULAB DAO, directly adding value to the platform.

Looking Ahead

Following the $ULAB launch, our focus will be on rolling out innovative features that our users need the most. And our vision remains clear: to become the leading decentralized money market across all networks.

Stay tuned for our next chapter, where we will delve deeper into the utility of $ULAB. Thank you for being an integral part of LayerBank’s journey!

About LayerBank

LayerBank is a lending protocol designed to serve as the liquidity hub for all EVM rollups, offering a universal, permissionless banking solution across the OmniChain ecosystem.

As LineaBank continues to evolve and scale, it's important to keep our community informed about the pivotal changes that lie ahead.

While our commitment to providing a seamless lending experience across multiple chains remains unchanged, we’ve realized that there’s room for even more: more scalability, more features, and more user-focused utility.

That’s why we're excited to announce a significant update — LineaBank is rebranding to LayerBank.

Why the Rebrand?

Rebranding is more than just a cosmetic change of our name. It's a bold step that aligns with our vision for an OmniChain lending protocol that serves as a universal liquidity hub. Our rebranding to LayerBank reflects this ambition, heralding not just a name change but also a massive upgrade to our system, coined as V2.

What’s New in V2?

Enhanced User Interface

First and foremost, we have revamped the user interface to be more intuitive, user-friendly, and visually appealing, ensuring that our users have the best experience possible.

Scalability and L2 Integration

Scalability has been one of the critical aspects we've focused on. With V2, LayerBank will seamlessly integrate with Layer 2 chains, allowing for faster and more cost-effective transactions.

Revolutionary Tokenomics

We are introducing new tokenomics designed to provide our users with enhanced utility and better yield opportunities, solidifying LayerBank as a rewarding platform to engage with.

Unifying On-Chain Liquidity

One of LayerBank's core missions is to connect and integrate all on-chain liquidity, offering users a seamless cross-chain experience like never before.

Reward Vesting and veToken Economy

Moreover, V2 introduces a reward vesting system and early exit penalties to incentivize long-term participation. The updated veToken economy will offer improved sustainability and growth prospects for all users.

What’s the Timeline?

Our rebranding process will complete by mid-September and will include incentivized testnets and mainnet launches.

Note:

• In LayerBank V2, an airdrop will be prepared for Linea's V1 users. Stay tuned for the quest that will soon be revealed through Galxe. Eligible users will receive the airdrop on Scroll-V2.

• Linea V1 and Scroll V2 are different platforms. After the launch of Scroll V2, the Linea V1 → Linea V2 migration process will take place, starting in Q4 '23.

• In the future, LayerBank plans to implement a multichain scaling strategy with each new chain launch. If there is a large airdrop on their chain (e.g. Arbitrum), most of it will be distributed to the LayerBank DAO.

Join Us on Our Journey

Expanding into various layers and rollup chains is set to enrich liquidity significantly, solidifying LayerBank as the definitive OmniChain liquidity hub. As we march towards this future, we extend an invitation to all our users: stay tuned for exciting updates and join us on this remarkable journey to create the most optimal lending environment on OmniChain.

About LayerBank

A universal permissionless on-chain bank designed to thrive across the omni-chain ecosystem.