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Locker

Users can lock their $LAB tokens for up to a year, and the longer they lock or the more $LAB tokens they lock, the higher the xLAB (the locked version of the $LAB token).
xLAB=My lockup period1year×Locked LAB\rm xLAB= \frac{\rm My~ lockup~period}{\rm 1 year}\times Locked~LAB
And depending on their xLAB score (xLAB stake), they can receive various benefits from the protocol's ecosystem. For example, Yield Boost (up to 3x), part of the platform fees, and $LAB staking rewards.
my Score=my xLABtotal xLAB \rm my~Score= \frac{\rm my~xLAB}{\rm total~xLAB~}
Our unique $LAB token utility provides an incentive for users to hold tokens and participate in the ecosystem.

$LAB Token utility:

Yield Boosting
Revenue sharing
$LAB staking
Our unique Yield Boosting System boosts the APR of our users based on the stake rate of xLAB. The Boost multiplier increases as your Score (which is affected by duration and amount) increases, up to a 3x multiplier.
new a=min(3×a , a+(1.5×A×my Score))new~a = min(3\times a~, ~a+(1.5\times A \times{\rm my ~Score }))
aa
: Your total amount supplied or borrowed. For example, if you supply 100 USDC to LineaBank, 'a' is 100.
new anew~a
: The new amount of my increased by the APR booster. For example, if you get a 2x boost multiplier, your 'new a' is 200 when you supply 100 USDC.
AA
: The total amount supplied or borrowed. For example, if the amount of USDC supplied in a protocol is 1m, then 'A' is 1m.
For example, if I supply 100 USDC to the protocol, my Score is 15%, and the total USDC supplied is 1000, 'my new a' is 300, and I get a 3x boost multiplier. If my reward APR was previously 10%, it would increase to 30%.
However, other users will also lock up, and the total amount of locked $LAB tokens will increase over time, so your Score will decrease without constant lockups.
Our unique protocol revenue sharing system distributes weekly protocol revenue proportionally based on the User's Score. LineaBank distributes 80% of the total revenue to the $LAB stakers.
Protocol revenue sources:
  • Interest Fees
  • Liquidation Penalty
  • Fees for claiming platform revenue share
For example, if my Score is 20%, and the protocol earns $1000, my share is $160.
Platform fees can only be claimed in $LAB tokens. A 5% fee will be charged for this, and the fees received will be used to buy back $LAB tokens. This will greatly benefit the value of the $LAB token in the long term.
LAB token stakers receive $LAB staking rewards proportional to their xLAB score.
For example, if my score is 10% and the weekly SCB reward allocation is 100,000, my share is 10,000 LAB.