I've been using @LayerBankFi for a while now, and their lToken system makes earning interest surprisingly simple. When I deposited USDC, I received lUSDC tokens that slowly grew in value over time.
The exchange rate begins at 1:1 with the original asset. Over time, this rate increases as interest is earned $ULAB
When funds are withdrawn, lTokens are exchanged for the original asset plus accumulated interest. The value growth is automatically tracked by these tokens.
The system made it easy to see my earnings grow
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