LayerBank
Lending
LayerBank is a permissionless, on-chain lending platform for the omnichain ecosystem
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: LAB
- Tags: Lending
Key Metrics
- TVL: $396.5M (Rank #39)
- TVL Ranking by Lending: #10
- Blockchain: Mode, Manta, zkLink, BOB, BSquared, Scroll, Linea, Bitlayer
- Chain TVL
- Mode: $213.67M
- Manta: $101.04M
- zkLink: $35.61M
- BOB: $20.02M
- BSquared: $14.28M
- Others: $11.92M
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by at least one experienced auditor; PeckShield
- Anonymous team reduces transparency
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2023; maturity over six months reduces technical risk as smart contracts are moderately battle-tested
- Top 5% by total value locked reduces risk
- Core contracts can be upgraded with just an EOA wallet
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- Low voting power concentration reduces risk
Protocol Design
- No death spiral concerns
- Robust controls to mitigate oracle price manipulation
- Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
- Basic controls in place to prevent risky borrowing
- Basic mechanisms in place to incentivize liquidations
- Basic method to accrue protocol reserves
Things to know about LayerBank
LayerBank Pools
