Ion Protocol
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Protocol TVL
About Ion Protocol
Ion Protocol is a price-agnostic lending platform built to support staked and restaked assets. It allows users to participate in lending markets of all kinds, ranging from leveraged staking yields to points multiplier pools and more. Ion focuses on bringing staking-based mechanisms to DeFi, creating an enhanced lending and borrowing experience for users to earn more while risking less
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Ion Protocol's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Ion Protocol Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Apr 27, 2024Listed on DeFiLlama
Protocol Profile
Ion Protocol is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Ethereum. The codebase has been independently audited (2 reports on file).
TVL Distribution by Chain
TVL spans 3 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Ion Protocol is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Ethereum-borrowed, borrowed), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (RedStone); an outage or manipulation of that feed would propagate into every market the protocol prices. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale.
Official Resources & Links
Verified external resources for Ion Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Lending protocols on Mantapex
Ion Protocol is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure $43.4B in deposits, giving you a frame of reference for whether Ion Protocol's own TVL is at the top, middle, or tail of the category.
Recent Ion Protocol news
Latest reporting from major crypto news outlets covering Ion Protocol.
- CoinPedia
Ice Open Network News: What Really Happened to the ION Token
The CEO of Ice Open Network stepped forward this week to explain the sudden and sharp crash of its ION token, but the explanation has done little to quiet a community that is…
- Crypto Economy
Inside the ION Collapse: What Went Wrong with Ice Open Network?
Ice Open Network's CEO said the ION collapse came from one long-term backer exiting after token unlocks, not from selling by the core team. He also said the project spent nearly…
- The Cryptonomist
News and prices of the cryptocurrencies Dogecoin (DOGE), Solana (SOL), and ION
Latest updates on DOGE, SOL, and ION coins.
- The Daily Hodl
Here's a Pair of Altcoins That Rallied Over 100% in Less Than Two Days While BTC and ETH Traded Sideways
Two altcoins have quietly pulled off massive rallies, doubling in price while Bitcoin and the broader crypto markets traded sideways over the last week. Ion is the utility token…
- Crypto Economy
Ice Open Network Suffers Insider Breach Exposing Emails and 2FA Data
Incident and origin: On April 15, former partners of a third-party service provider leaked emails and 2FA phone numbers of ION users. Fund security: The development team confirmed…
- CoinPedia
Ice Open Network News: CEO Cuts Monthly Costs by 89%, Promises New Product Launch in 8 Weeks
Ice Open Network's CEO published a detailed update on Wednesday outlining dramatic cost cuts and a new strategic direction, two days after the project came close to announcing a…
Related protocols
Other DeFi protocols connected to Ion Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Lending protocols
Top protocols on Ethereum
Fork lineage & related versions
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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