CryptoCurrencies
16095
Exchanges
500
Total Market Cap
3,635,524,562,308
Volume 24h
257,477,042,652
Dominance
BTC 53.56%   ETH 11.55%   USDT 3.84%   XRP 3.64%

Loop ETH
LPETH

3301.6
$
13.55 %
Change 24h
Market Cap
$ 1,704,153
Volume 24h
$ 6142.6
Circulating Supply
516
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.