Hello, dear LayerBank community! We are thrilled to share some fantastic news. We are initiating an airdrop campaign featuring a total pool of 500,000 LayerBank V2 Tokens to reward our loyal V1 users!

How Can You Participate?

• Extend Your Lock-up Period: If you have LAB tokens that have been unclaimed, make sure to extend your lock period beyond December 29th.

• Complete Tasks and Mint NFTs: Users who have completed certain tasks and minted LayerBank NFTs are also eligible for this airdrop!

* You can increase the lock up period over 3 months through the Stake/Extend/Compound feature.

* If you compound, be sure to extend the lock period to at least 3 months.

Stake: Locking LAB tokens to earn Boost APR, revenue share, and staking rewards.

Compound: Locking LAB tokens earned through Borrowing/Lending before claiming.

Extend: Extending the lock period.

Task Details:

• Lock-up Period: Your $LAB should be locked up for at least three months in LayerBank V1 (formerly known as LineaBank).

• Asset Supply: Supply assets worth more than $100 in LayerBank V1.

Complete the task here:

Airdrop Formula:

Your share of the airdrop will be calculated as follows:(Your locked LAB quantity / Total locked LAB quantity of all users) x 500,000 LayerBank V2 Token

Note:

• LayerBank V2 is set to launch on multiple chains. We are targeting chains such as Scroll, opBNB, and Base. The Token Generation Event (TGE) for V2 tokens will take place in October, and a subsequent airdrop will be conducted for those who are eligible.

• At the launch of LayerBank V2 mainnet, a snapshot will be taken of users who hold NFTs and have completed the task.

• The Airdrop campaign will be conducted in Parts 1 | 2, and Part 2 details will be released at a later date.

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.