
Ion Protocol
61 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 $allETH from.
Trending Coins and Tokens 
- 240
zkSync
ZK$ 0.067
0.44% - 154
StarkNet
STRK$ 0.152
1.30% - 13
Sui
SUI$ 3.85
0.24% - 214
LayerZero
ZRO$ 2.69
0.44% - 82
EigenLayer
EIGEN$ 1.39
3.51% - 367
RedStone
RED$ 0.420
2.08% - 2
Ethereum
ETH$ 2,530
0.54%