Ask about Ion Protocol
Logo of Ion ProtocolIon Protocol
Total Value Locked$27,745.24

TVL by Chain

Ethereum$27,745.24

Key Metrics

Active Loans$17,198.35

Total Raised$6.8m

Jul 13, 2023$2mRound: Pre-SeedInvestors: Portal Ventures, SevenX Ventures, Bankless Ventures, Maelstrom, Alexander Larsen, Ryan Watkins, Hash Capital, Foresight Ventures, Smrti Labs, Maelstrom Fund, Breed VC, Everstake Pool, Punk Ventures DAO, Builder VC, Picks and Shovels VC, Marc Weinstein, Anthony Sassano, Daniel Dizion, Catrina Wang, Defi Dave, David Gogel, Paul Kim, Ryan Selkis, Yuki Yuminaga, Daniel Cheung, Wilson Withiam, Jack Sun, Ahboyash

Aug 12, 2024$4.8mRound: Investors: Gumi Cryptos Capital, Portal Ventures, SevenX Ventures, Bankless Ventures, Finality Capital Partners, Manifold, Robot Ventures, Maelstrom, NGC Ventures, Collider, Breed VC, Amir Forouzani, Azeem Khan, Mike Sligadze, Smokey The Bera, Chris Tham, Kratik Lodha, Daniel Dizon, Verity Coltman, Richard Malone

Protocol Information

Ion Protocol is a price-agnostic lending platform built to support staked and restaked assets. It allows users to participate in lending markets of all kinds, ranging from leveraged staking yields to points multiplier pools and more. Ion focuses on bringing staking-based mechanisms to DeFi, creating an enhanced lending and borrowing experience for users to earn more while risking less

Category:Lending

Audits:

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Methodology

TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHub

Competitors

Aave V3 ($14.229b)Morpho Blue ($7.827b)SparkLend ($3.743b)Maple ($2.284b)Compound V3 ($1.144b)Venus Core Pool ($1.068b)Fluid Lending ($664.26m)Lista Lending ($624.08m)Euler V2 ($364.4m)cap ($272.76m)

Frequently Asked Questions

What is Ion Protocol?

Ion Protocol is a price-agnostic lending platform built to support staked and restaked assets. It allows users to participate in lending markets of all kinds, ranging from leveraged staking yields to points multiplier pools and more. Ion focuses on bringing staking-based mechanisms to DeFi, creating an enhanced lending and borrowing experience for users to earn more while risking less

What is Ion Protocol's TVL?

Ion Protocol currently has $27,745.24 in total value locked. TVL has increased 7.5% over the past 30 days.

What chains does Ion Protocol operate on?

Ion Protocol operates on Ethereum. Ethereum holds the largest share at 100%.

How does Ion Protocol's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Ion Protocol ranks #252 by TVL. The category holds $41.139b across 466 protocols, and Ion Protocol accounts for <0.1% of that total. Other leading protocols include Aave, Morpho, and Spark.

How much has been borrowed through Ion Protocol?

Ion Protocol currently has $17,198.35 in active loans.