LayerBank (Manta) LAB.mPrice $ 0.107

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.

Key Features:

LayerBank's tokenomics, centered around the $LAB stake, offer multiple advantages to its users:

1. Yield Boosting: Enhances users' APR in proportion to their $LAB token stake.

2. Revenue Sharing: Distributes a portion of the platform's fees to users on a weekly basis, relative to their stake.

3. 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.