Recently, while researching cross-chain lending protocols, I found @LayerBankFi to be quite an interesting project.

It is positioned as an omni-chain non-custodial lending platform, allowing users to lend or borrow assets across multiple EVM/non-EVM chains without complicated bridging operations.

Functionally, it supports automated looping vaults (leveraged looping positions), the eMode risk control framework, and access to real world asset (RWA) markets to bring the possibility of off-chain returns on-chain.

In the token mechanism, $ULAB (also known as LAB / ULAB) plays a role in governance, transaction fee dividends, and yield rewards. Users can gain additional rights by locking their assets.

Currently, it has a certain TVL across multiple chains, with DefiLlama showing its total locked amount at the level of tens of millions of dollars, and the asset proportion on the Linea chain is also relatively high.

The advantage is that it attempts to solve the problem of cross-chain liquidity islands, making fund efficiency higher; the disadvantage is that this cross-chain lending technology is complex and has high requirements for security, settlement mechanisms, and arbitrage risks.

I will continue to pay attention to its implementation in areas such as RWA, cross-chain stablecoins, and governance mechanisms. If you are also looking at cross-chain lending, this project is worth keeping an eye on.

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