What exactly is the role of $ULAB in the LayerBank ecosystem? According to the docs, $ULAB is the governance and utility token of LayerBank, an omni-chain money market deployed across multiple networks $ULAB is used for three core functions: • Incentivizing supply, borrow, and LP activity • Locking ULAB to obtain xULAB via the Locker • Boosting ULAB rewards and participating in governance Token Summary: • Name: Universal LayerBank Token • Symbol: ULAB • Total Supply: 100,000,000 ULAB • Standard: ERC-20, Fungible Asset (Move), LayerZero OFT (cross-chain) • Chains: Movement, Base, and other LayerBank-supported networks • Role: Governance & utility token of the protocol Roles of ULAB Reward Asset ULAB is distributed as incentives to suppliers, borrowers, and LP providers. Locking & Boost Asset ULAB can be paired into LP (e.g., ULAB–MOVE, ULAB–ETH) and locked in the ULAB Locker to mint xULAB, which boosts rewards. Governance Primitive (WIP) xULAB is designed as a base primitive for future emission gauges and protocol governance. @LayerBankFi Summary $ULAB is the core token powering incentives, boosting mechanics, and future governance across the networks supported by @LayerBankFi. Locking to xULAB plays a key role in rewards and governance design.
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