LineaBank is rebranding to LayerBank.

As LineaBank continues to evolve and scale, it's important to keep our community informed about the pivotal changes that lie ahead.

While our commitment to providing a seamless lending experience across multiple chains remains unchanged, we’ve realized that there’s room for even more: more scalability, more features, and more user-focused utility.

That’s why we're excited to announce a significant update — LineaBank is rebranding to LayerBank.

Why the Rebrand?

Rebranding is more than just a cosmetic change of our name. It's a bold step that aligns with our vision for an OmniChain lending protocol that serves as a universal liquidity hub. Our rebranding to LayerBank reflects this ambition, heralding not just a name change but also a massive upgrade to our system, coined as V2.

What’s New in V2?

Enhanced User Interface

First and foremost, we have revamped the user interface to be more intuitive, user-friendly, and visually appealing, ensuring that our users have the best experience possible.

Scalability and L2 Integration

Scalability has been one of the critical aspects we've focused on. With V2, LayerBank will seamlessly integrate with Layer 2 chains, allowing for faster and more cost-effective transactions.

Revolutionary Tokenomics

We are introducing new tokenomics designed to provide our users with enhanced utility and better yield opportunities, solidifying LayerBank as a rewarding platform to engage with.

Unifying On-Chain Liquidity

One of LayerBank's core missions is to connect and integrate all on-chain liquidity, offering users a seamless cross-chain experience like never before.

Reward Vesting and veToken Economy

Moreover, V2 introduces a reward vesting system and early exit penalties to incentivize long-term participation. The updated veToken economy will offer improved sustainability and growth prospects for all users.

What’s the Timeline?

Our rebranding process will complete by mid-September and will include incentivized testnets and mainnet launches.

Note:

• In LayerBank V2, an airdrop will be prepared for Linea's V1 users. Stay tuned for the quest that will soon be revealed through Galxe. Eligible users will receive the airdrop on Scroll-V2.

• Linea V1 and Scroll V2 are different platforms. After the launch of Scroll V2, the Linea V1 → Linea V2 migration process will take place, starting in Q4 '23.

• In the future, LayerBank plans to implement a multichain scaling strategy with each new chain launch. If there is a large airdrop on their chain (e.g. Arbitrum), most of it will be distributed to the LayerBank DAO.

Join Us on Our Journey

Expanding into various layers and rollup chains is set to enrich liquidity significantly, solidifying LayerBank as the definitive OmniChain liquidity hub. As we march towards this future, we extend an invitation to all our users: stay tuned for exciting updates and join us on this remarkable journey to create the most optimal lending environment on OmniChain.

About LayerBank

A universal permissionless on-chain bank designed to thrive across the omni-chain ecosystem.