CryptoCurrencies
17027
Exchanges
500
Total Market Cap
3,479,870,425,412
Volume 24h
236,427,777,492
Dominance
BTC 58.65%   ETH 8.53%   USDT 4.31%   XRP 4.21%

Loop ETH
LPETH

1791.7
$
0.00 %
Change 24h
Market Cap
$ 1,310,369
Volume 24h
$ 565.28
Circulating Supply
736
Total Supply
0
LPETH
$
# Exchange Pair Price Volume 24h

Description

Loop is a dedicated lending market for Ethereum carry trades. Users can supply a long tail of Liquid Restaking derivatives (e.g., Pendle LP tokens) as collateral to borrow ETH for increased yield and points exposure. The interest charged to borrowers is distributed among ETH-lenders or lpETH stakers and dLP-lockers, thus rewarding high protocol-alignment that allows Loop to scale. - Lenders receive back a receipt token, lpETH, that can be used throughout DeFi or be staked to earn passive yield in ETH. - Loopers can borrow ETH against yielding LRT derivatives to perform carry trades for ETH-based yields. - dLP Lockers can lock the protocol’s governance token, LOOP, into a Dynamic Liquidity (dLP) position to earn protocol revenue.