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lon Protocol

(Inactive)

The solution to unlocking validator staked assets

64%
Transparency Score
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Details
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Performances

RD Popularity Index

38
8.57% (24h)
0 200 400 600 800
Project Rank: 3265/19072

RD Growth Index

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Project Rank: --/19072

Comparison

Total Raised: --
Fundraising not disclosed
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Details

Ion Protocol is a Collateralized Debt Position (CDP) issuer, designed to accept deposits in different types of Liquid Staking Tokens (LSTs) and staked asset-backed positions (e.g., EigenLayer restaking positions, and more…). By depositing these assets users are able to mint a synthetic representation of ETH (called “$allETH) against their collateral position. With different loan underwriting parameters for each type of collateral that is deposited into the protocol, users have the freedom to deposit a variety of staked/restaked collateral that they can mint $allETH from.

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