Loan Protocol enables lending/borrowing with collateral. Staked LOAN (sLOAN) earns interest and allows governance voting.
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Loan Protocol is a decentralized, non-custodial lending platform connecting depositors (lenders) and borrowers. Depositors earn interest by lending tokens, while borrowers pay interest to access those tokens. Each market has a Collateral Factor determining the maximum loan amount relative to deposited collateral (e.g., 70%). Borrowing $B requires $C in collateral. Staking LOAN on ProtonLoan.com converts it to sLOAN, earning interest and providing governance voting rights (e.g., coin listings). Unstaking converts sLOAN back to LOAN. Governance decisions include: token collateralization, interest rate curves, and other protocol parameters.
As of now, Loan Protocol is trading at 0.000162 USD, with a 24-hour trading volume of approximately 0 USD. The LOAN to USD price is updated in real time. Over the past 24 hours, Loan Protocol has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 4.56M USD. Currently, there are 28 366 379 064 LOAN in circulation out of a maximum supply of 28 170 902 260.209732 LOAN.
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