Hello DeFi explorers,

We are excited to announce the LayerBank V2 Scroll mainnet Pre-mining campaign!

Our Pre-mining campaign will run for approximately one month, distributing a total of 1 million LAB.s (1% of Total Supply) in rewards.

And here's the good news: we've successfully closed our LAB.s private sale round, and the 150k LAB.s/USDC liquidity will be seeded directly into Kyberswap, so Layerbank Scroll V2 will not have a separate pre-sale/IDO.


Website👇:

Here's what users can expect:

• During the Pre-mining period, you can instantly claim your farmed LAB.s rewards.

• You can boost your APR by using the instant lock feature for the farmed LAB.s.

• Earn additional farming rewards by LPing your LAB.s on KyberSwap.

• Farmed LAB.s are Scroll mainnet tokens, and no separate migration is required (100% real tokens).

Here are the specifics of the Pre-mining campaign:

• Duration: October 23, 00:00 AM UTC - November 23, 00:00 AM UTC

• Pre-mining $LAB reward allocation: 1,000,000 (1% of Total Supply)

• Reward claim: Anytime. During the campaign, rewards can be claimed in a 90-day vesting format.

• Eligible pools: ETH, USDC

• LAB.s Contract : 0x2A00647F45047f05BDed961Eb8ECABc42780e604

How to participate:

Step 1: Bridge any EVM chain's ETH or USDC to the Scroll mainnet.

Thanks to our partnership with Rhino.fi, you can move your assets to Scroll with a 0% fee until November 14.

👉 Bridging Link

Step 2: Supply, borrow, loop, and compound rewards with assets like USDC and ETH.

Useful strategies:

• Supply: Provide assets such as ETH and USDC.

• Borrow: Use supplied assets as collateral.

• Looping: Supply borrowed assets, borrow again, and repeat to maximize positions.

• Locking: Lock LAB.s tokens to boost APR and earn locking rewards.

NOTES:

• LAB.s/USDC LPs will be seeded on KyberSwap no later than October 26th.

• The LAB.s/USDC pair, just like on Linea, will be activated with farms earning both KNC and LAB.s rewards.

• Therefore, LayerBank Scroll V2 will not have a separate presale/IDO.

• The TGE for LAB.s will therefore be from Monday, October 23rd at 00am UTC.

• The pre-mining campaign may end early, after which the vesting terms will change to 50 days.

• LAB.s used for marketing purposes, including Scroll incentivized testnet rewards, will be distributed starting November 8th.

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.