TechFlow, December 5 — According to Chainwire, decentralized lending protocol LayerBank has raised $2.3 million in a pre-seed funding round. The round was participated by Torab Torabi, CEO of Move Industries; Coin Bureau Chinese; DVchain; Taiko; Rootstock; and several prominent angel investors and ecosystem contributors.
Funds will be used to develop and launch LayerBank’s native token $ULAB, designed with ve-enhanced rewards, fee-driven value distribution, and continuous buyback locking mechanisms. LayerBank’s token generation event (TGE) will take place on Movement Network, making it one of the first ecosystem token launches on the network.




