
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 $allETH from.
Trending Coins and Tokens 
- 236
LayerZero
ZRO$ 1.90
2.08% - 63
Sei
SEI$ 0.272
4.55% - 305
Humanity Protocol
H$ 0.0737
5.17% - 186
Wormhole
W$ 0.0712
3.75% - 14
Sui
SUI$ 3.00
2.80% - 155
StarkNet
STRK$ 0.118
1.52% - 181
zkSync
ZK$ 0.0485
0.65%