LAB.m Price
Contracts/Explorers:
Manta
LayerBank is a non-custodial on-chain lending protocol, aspiring to be a liquidity hub encompassing all EVM-based Layer 2 networks. Our platform empowers users with complete control over their funds and provides attractive interest rates in a decentralized market, free from intermediaries. The adoption of the cutting-edge ve3,3 token economics model positions LayerBank for robust and long-lasting growth, creating new standards in the decentralized finance sector.
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.
LayerBank (Manta)'s current price is $ 0.489, it has increased +0.17% over the past 24 hours.
LayerBank (Manta)'s All Time High (ATH) of $ 0.914 was reached on 12 Mar 2024, and is currently -46.5% down.
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