Description
Ion Protocol is a price-agnostic lending platform that leverages provable validator-backed data to allow users to borrow ETH against their LSTs and re-staking positions.
All loan positions in Ion are price-agnostic, and their parameters (interest rates, LTVs, position health, etc.) are determined by consensus layer data and secured with ZK data systems.
This means liquidations are triggered by changes in consensus layer state, not by price oracles
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Ion Protocol has established itself as a formidable player. It is currently ranked #13,116 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Ion Protocol as a viable digital asset.
Tokenomics
The tokenomics of Ion Protocol consist of a total supply of 21,000,000 tokens, out of which 21,000,000 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Ion Protocol tokens, you can use a variety of wallets such as Trust Wallet, MetaMask, SafePal, Coin98. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Ion Protocol, you can use various popular exchanges such as ArkenSwap, Trader Joe. These platforms offer a seamless experience and allow you to manage your investments in Ion Protocol with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.