Loan Protocol (LOAN)

Loan Protocol (LOAN) Price

This cryptocurrency is not listed for trading or services on Gate.

$0.000519
+$0.000050(+10.79%)

Market Cap

$17.48M

24h High

$0.000522

24h Low

$0.000466

24h Turnover

$183.50K

Total Supply

112.96B

Market Sentiment

Neutral

About Loan Protocol (LOAN)

"Proton Loan is a new decentralized lending market built on the Proton blockchain. Utilizing the cross-chain capabilities of Proton wrapped xTokens, Proton Loan makes it possible to deposit cryptocurrency into lending pools to earn interest, and to take collateralized loans from cryptocurrency pools. With support for BTC, ETH, USDC, DOGE, XPR and XMT, and with zero gas fees on the Proton blockchain, Proton Loan ensures DeFi lending remains accessible and affordable. Proton Loan opens up a new possibility for borrowing and lending against multiple blockchains that were not previously accessible on Ethereum or other blockchain protocols. By using a system of smart contracts powered by the Proton blockchain, users can request and fulfill loans using cryptocurrency without the need for a central mediator and without regard for the parent blockchain protocol of the requested asset. The LOAN token will be used to vote on governance decisions for the Proton Loan platform, such as which tokens can be collateralized on the protocol to borrow and lend, as well as the interest rate curves for borrowing. "

Loan Protocol (LOAN) Basics & Market Insights

Risk Disclosure

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Disclaimer

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