LayerBank integrates eOracle to Secure Its $200M+ of TVL
LayerBank’s decentralized lending protocol is now secured by eOracle, the largest oracle network by stake ($7.5B+) and validators (140+).
Security, Transparency & Trust with eOracle
Securing TVL across zkLink, Linea, Scroll, and Mode, eOracle is responsible for safeguarding more than $200 million+* in total value locked (TVL) across these ecosystems for LayerBank.(*at time of writing)
Introducing LayerBank
LayerBank is a leading decentralized lending protocol designed to become a liquidity powerhouse across multiple blockchain ecosystems. By providing users with access to a broad range of assets and attractive earning opportunities through its multi-chain lending markets, LayerBank prioritizes liquidity, security, and efficiency; fundamental pillars of permissionless DeFi.
At its core, LayerBank’s design philosophy revolves around creating synergistic value for both users and supported networks. The protocol actively addresses key user pain points, with a strong focus on continuously improving functionality and enhancing the user experience. The upcoming Cross-Chain Lending feature will be a major step forward, resolving the challenge of fragmented liquidity across chains by treating divided liquidity as a unified pool. This innovation will lower borrowing APRs, boost yields, increase flexibility for users, and drive meaningful growth for the networks LayerBank supports.
Moreover, LayerBank’s partnership with eOracle strengthens its security infrastructure, offering users enhanced cryptoeconomic security backed by the Ethereum network. This collaboration further solidifies LayerBank’s position as a reliable, innovative platform at the forefront of decentralized lending.
A Shared Vision on Security
Both LayerBank and eOracle share a core focus of the DeFi principles; transparency, decentralisation, security, and trust. With eOracle’s solutions providing secure and accurate on-chain price feeds through off-chain data, LayerBank is providing it’s users with a trusted, secure and efficient service, which is evident through it’s rapidly increasing TVL.
We both have packed roadmaps and some exciting developments coming up, so head to the links below to stay in the loop and contribute to our community: