
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 $allETH from.
Trending Coins and Tokens 
- 241
zkSync
ZK$ 0.065
7.29% - 174
NEXPACE
NXPC$ 2.37
17.4% - 158
StarkNet
STRK$ 0.148
8.12% - 49
Ethena
ENA$ 0.385
2.42% - 88
EigenLayer
EIGEN$ 1.24
8.55% - 1048
Privasea
PRAI$ 0.0682
17.8% - 212
LayerZero
ZRO$ 2.61
9.16%