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Ion Protocol
Ion Protocol is a decentralized, price-agnostic lending protocol for staked and restaked Ethereum assets. It enabled lending, borrowing, and yield-boosting strategies using validator-backed collateral; its documentation states that the protocol is being deprecated and provides exit instructions.
Distributed
Description
Ion Protocol is an open-source DeFi lending protocol for staked and restaked Ethereum assets, including liquid staking tokens and liquid restaking tokens. It uses consensus-layer validator data, proof-of-reserve mechanisms, and zero-knowledge machine learning risk underwriting to support price-agnostic loan parameters and liquidation conditions. The protocol provided lending, borrowing, and vault products for users seeking ETH-denominated yield or leveraged restaking exposure. Its current documentation states that the protocol is being deprecated and explains how users can exit borrow, lender, and vault positions directly through deployed contracts.Grant Funding
VC Funding
None
2023
2024
$0
$16M