Hello Blockswap Community!
Ion Protocol is a CDP issuer for staked and restaked assets. We enable depositors to mint a synthetic stable coin that tracks the price of ETH called $allETH. By providing a liquid representation of staked assets, Ion Protocol eliminates the opportunity cost tradeoff for users and allows for the seamless integration of staked assets into DeFi markets.
What sets us apart from traditional CDP issuers and lending markets is our unique take on pricing and risk. We price collateral relative to the amount of ETH in the validator reserves of the respective provider. We also underwrite the risks associated with respective providers to help quantify the expected loss to their validator reserves.
This means that we enable more leverage in a price agnostic way, providing users with greater capital efficiency to optimize their yield on their staked and restaked assets.
In the future we envision supporting Blockswap native assets and continuing to work together on exploring the new paradigms emerging in the staking and restaking landscape.
