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
What is LayerBank?

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Information
Exploit/Hacks
None
Info
Key Metrics
  • TVL: $62.4M (Rank #122)
  • TVL Ranking by Lending: #25
  • Blockchain: Hemi, Linea, BSquared, Manta, Scroll, BOB, zkLink, Morph, Taiko, Mode, Mint, Bitlayer, RSK, Binance, Plume Mainnet
  • Chain TVL
    • Hemi: $33.63M
    • Linea: $12.58M
    • BSquared: $7.09M
    • Manta: $2.72M
    • Scroll: $1.29M
    • Others: $1.75M
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 one year minimizes technical risk as smart contracts are well 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

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