Pitone 💎🌿

LayerBank's growth is unstoppable. In the past three weeks, it has seen over a 4700% increase, and LayerBank's contribution to @MantaNetwork's total TVL has reached an impressive 75%. Beyond TVL, LayerBank's transaction volume on the #MantaPacific has exceeded 46,000 in the last 7 days alone, the highest among DeFi projects, despite being a lending protocol. Since the inception of the #NewParadigm, we have introduced caps to ensure a safer environment, implemented improved risk management processes, and increased caps after thorough analysis. These measures have enabled us to achieve both remarkable growth and enhanced safety. Currently, LayerBank's outstanding loans amount to $54M. Of this, the $wUSDM/ $STONE pool represents $38M, accounting for 85% of the total. However, an analysis of our entire user database revealed that 98% of users engage in same-asset loans through looping, which provides significant safety against liquidation in the event of price fluctuations. Our main goal since the start of the #MantaNewParadigm event has been to provide such a secure DeFi money market while improving the overall capital efficiency of Manta. New DApps are continually joining the #MantaNewParadigm, and the total value of $wUSDM/ $STONE in the entire Dex is around $20M. This demonstrates that even without bridge support, the #MantaPacific DeFi ecosystem is thriving, and LayerBank is in a strong position. As the Manta New Paradigm approaches its culmination on January 16th, you will still have access to the ecosystem and more opportunities for airdrops. Therefore, we encourage you to take full advantage of LayerBank's significantly large money market and delve deeper into the Manta DeFi ecosystem.