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ION DAO
ION DAO
IONSynthetics
DeFiLlama Synthetics·$51.4K TVL·+0.21% 1h·+2.78% 24h·-2.45% 7d·$596.1K MCap

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Protocol TVL

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About ION DAO

ION is the secondary native token on the Osmosis chain. Created by the Osmosis community, ION DAO is collectively discussing potential use cases as a brand new synthetics protocol to be developed.

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

ION DAO tokenomics and on-chain capital

ION DAO's governance or utility token carries a market capitalisation of $596.1K based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($596.1K) above the protocol's on-chain TVL ($51.4K) — a mcap/TVL multiple of 11.59× implies investors are paying for expected future fee flows rather than current deposits alone.

Token market cap
$596.1K
Circulating supply × price
Mcap / TVL ratio
11.59×
Valuation vs deposits

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

ION DAO Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Oct 20, 2022
    Listed on DeFiLlama

Protocol Profile

ION DAO is a Synthetics protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Osmosis.

TVL Distribution by Chain

Osmosis
$51.4K(100.0%)

Supported Chains

Osmosis

Protocol Footprint

ION DAO is a single-chain protocol, deployed exclusively on Osmosis — this concentrates execution risk but simplifies the trust model. Its token market cap ($596.1K) currently exceeds total value locked ($51.4K) — a mcap/TVL ratio of 11.59 suggests the market is pricing in more growth than current deposits support.

Official Resources & Links

Verified external resources for ION DAO — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Project Website
ion.wtf
Twitter / X — @_IONDAO
twitter.com
Source Code on GitHub
github.com
Token on CoinGecko
coingecko.com
Token on CoinMarketCap
coinmarketcap.com

Other Synthetics protocols on Mantapex

ION DAO is one of 7 Synthetics protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Alchemix, Metronome Synth, Youves, and 3 more. These peer protocols collectively secure $92.3M in deposits, giving you a frame of reference for whether ION DAO's own TVL is at the top, middle, or tail of the category.

Alchemix
Alchemix
TVL $33.4M · 24h -0.07%
Metronome Synth
Metronome Synth
TVL $27.3M · 24h +0.12%
Youves
Youves
TVL $22.9M · 24h +0.38%
Usual ETH0
Usual ETH0
TVL $5.6M · 24h -0.52%
Rumpel Labs
Rumpel Labs
TVL $2.2M · 24h +0.54%
Outcome Finance
Outcome Finance
TVL $983K · 24h +0.50%
Browse all Synthetics protocols on Mantapex

Recent ION DAO news

Latest reporting from major crypto news outlets covering ION DAO.

Related protocols

Other DeFi protocols connected to ION DAO by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

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