LayerBank Review: What to Check Before Lending
LayerBank is a multichain crypto lending protocol, but key details about its markets, costs and security are unclear. Verify the specific network and terms before supplying funds.
By the SkyBitcoins review team · Updated
At a glance
LayerBank key facts
| Type | Multichain crypto lending protocol |
|---|---|
| Networks | 16 listed networks |
| Token | LAB |
| Audits | Two listed; scope and dates unclear |
| Value locked | $5.59M−4.2% 7d |
| Updated |
LayerBank FAQs
What can you do with LayerBank?
LayerBank is described as a permissionless on-chain bank, and search results refer to lending and borrowing. The supported markets and current borrowing terms are not established, so check the app’s details for the network you plan to use.
What fees does LayerBank charge?
LayerBank’s fee schedule is not clear. Lending and borrowing costs can vary by market, and blockchain transactions may also require gas. Check the displayed rates and transaction costs before you deposit or borrow.
Has LayerBank been audited?
Two audits are listed for LayerBank, but their scope and dates are unclear. That count alone does not establish that every supported network or contract is audited; review the audit reports and contract addresses before putting funds at risk.
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How we checked
Sources
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