16
166.67% (24h)
lon Protocol
(Inactive)
The solution to unlocking validator staked assets
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Project Rank: 15974/19609
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RD Growth Index (7d %)
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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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