LayerBank has completed a $2.3 million Pre-Seed funding round, with participation from Taiko and others.

BlockBeats News, December 5th: DeFi platform LayerBank has completed a $2.3 million Pre-Seed funding round. Investors in this round include Move Industries CEO Torab Torabi, the Coin Bureau Chinese team, DVchain, Taiko, Rootstock, as well as several well-known angel investors and ecosystem contributors.

This funding will be used to support the development and launch of ULAB. As LayerBank's native token, ULAB is at the core of the platform's long-term value capture and incentive mechanism. The token adopts a ve-style reward, fee feedback, continuous repurchase, and lock-up mechanism, binding user engagement and platform growth depth from day one.

At the same time, the funds will also help LayerBank advance its product roadmap, creating more intuitive, automated, user-centric DeFi tools that allow users to easily engage in complex yield strategies through a simple interface.