LayerBank has confirmed a new investment from Manta Network, aiming to enhance protocol security and foster the expansion of its ecosystem.
The collaboration with Manta Network is anticipated to pave the way for strategic growth opportunities, facilitating additional market outreach.
We're thrilled to announce that LayerBank has secured an investment from @MantaNetwork.
This partnership will open doors to strategic growth opportunities, expert resource access, and advisory support for our expansion initiatives.
With this investment, LayerBank strengthens… pic.twitter.com/E349tosEbv
— LayerBank (@LayerBankFi) January 19, 2024
LayerBank's official statement highlighted its commitment to reinforcing protocol security and leveraging the investment to fuel the expansion of its ecosystem.
The partnership with Manta Network is seen as a crucial step in achieving these objectives.
No Additional Details
Notably, the official post did not disclose specific details about the investment, including the amount involved.
However, LayerBank expressed optimism about the impact on its development and overall market presence.
As of now, the Total Value Locked (TVL) on the LayerBank chain holds the top position within the Manta ecosystem.
In a related development, Binance just last week, officially designated MANTA as the focal point of its 44th Launchpool project.
