
Ion Protocol
62 Watchlists
DeFi
Status
What is Ion Protocol?
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.
Trending Coins and Tokens 
- 387

OpenGradient
OPG
$ 0.2775
6.87% - 320

Perle (Prev. Kiva Ai)
PRL
$ 0.4016
63.6% - 202

USD.AI
CHIP
$ 0.07119
6.01% - 949

Highstreet
HIGH
$ 0.2231
3.50% - 509

Based
BASED
$ 0.142
6.34% - 595

Katana
KAT
$ 0.01113
2.63% - 636

Lumia
LUMIA
$ 0.1713
9.18%
