The Lab Finance (LABO) logo

The Lab Finance (LABO)

Total Users
2
Rewards
chest
chest
chest
chest
Volume
The fiat value of incoming dapp transactions over a period of time
$0
Contract Balance
The total fiat value of assets in a dapp's smart contracts
$36,572
Category
- No data available.
Blockchain
Bnb-chain
Language
- No data available.
Official links
Website
Social media

News

Nigeria's Central Bank Unveils New Regulations for Virtual Assets

On November 5, 2023, Nigeria's Central Bank announced a new licensing framework for non-security virtual assets, including stablecoins, aimed at enhancing consumer protection and financial system integrity.
user avatar

Elias Mukuru

US Economy Adds 165,000 Jobs in October

The Bureau of Labor Statistics reported that the US economy added 165,000 jobs in October, with the unemployment rate stable at 4.1%, complicating expectations for quick monetary easing by the Federal Reserve.
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Diego Alvarez

TeraWulf Announces Major Contracts and Future Plans

TeraWulf has secured significant contracts, including a 20-year lease with Anthropic and a credit backstop from Google, signaling strong future revenue potential.
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Kenji Takahashi

What is The Lab Finance (LABO)?

## What is The Lab Finance?

The Lab Finance (LABO) is a community-centered farming solution with governance and profit-generating NFT’s, with a timelock contract. The supply is constantly rising as new tokens are getting minted and distributed as rewards. It launched on the 1st of April of 2021.

### Farming & Pools

The Lab Finance offers at launch 11 pools and 11 farms that generate yield returns paid with LABO. The options to stake in the platform include popular tokens and LP tokens. The APY earned staking LP tokens is higher than staking single asset token as liquidity providers are facing the risk of impermanent loss. Once NFT model goes live, the farming protocol will share the deposit and minting fees among the holders.

### NFT Profit-Generation Model

Through our NFT model, 50 holders will be accumulating 3% of the deposit fees and 60% of the developer minting fees. This unique mechanism will increase the decentralization of the platform, giving the opportunity to more holders to receive additional rewards.

### Security & Audit

The platform has been audited by the Solid Group, official Unicrypt auditing partners. Masterchef contract has as well a 24-hour timelock which increases the security of the platform

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.