Currencies32904
Market Cap$ 2.82T-0.80%
24h Spot Volume$ 54.56B-9.65%
ETH Gas0.45 Gwei

Ion Protocol
61 Watchlists
DeFi
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.
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