Hemi and LayerBank are collaborating to provide users with a top-tier platform for lending and borrowing Hemi-based assets.
Summary: Hemi Network is partnering with LayerBank, the 8th largest lending protocol on DeFiLlama, with $750 million in Total Value Locked (TVL). LayerBank will bring its lending and borrowing platform to Hemi, supporting a range of Hemi-based assets, including Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs). They will also incentivize lending pools through a points system.
LayerBank integrates with Hemi Network
LayerBank, with $750 million TVL, is joining forces with Hemi to offer users a leading platform for lending and borrowing Hemi-based assets, including LSTs and LRTs.
Rewards for Hemi Users
LayerBank will offer 3x the points for Hemi users through its L.Points reward system. All LSTs and LRTs will also earn points as part of the Hemi and LayerBank collaboration.
LayerBank’s Lending Platform
As one of the top lending protocols in DeFi, LayerBank is known for its secure and scalable lending markets. By integrating with Hemi, LayerBank will allow users to lend and borrow key Hemi-based assets, meeting the growing demand for reliable lending services in the ecosystem.
Cross-chain Lending and Incentivized Pools
LayerBank will introduce cross-chain lending in Q1 2024, allowing users to select the best APR for lending and borrowing across different networks. Additionally, lending and borrowing pools will be incentivized through LayerBank’s points system.
Learn More
- Website: hemifinance.com
- GitHub: github.com/HemiLabs
- Referral Program: https://points.absinthe.network/hemi/start
- Discord: discord.gg/hemixyz
- Twitter/X: x.com/hemi_xyz
Strengthening Hemi’s Ecosystem
By integrating with Hemi, LayerBank will offer its advanced lending protocol, supporting Hemi-based assets, LSTs, and LRTs. This will boost liquidity and further Hemi’s role in the DeFi space. Hemi users will benefit from secure and incentivized lending pools, ensuring a seamless and rewarding experience.
