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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