Loan Protocol

LOAN Price

About Loan Protocol (LOAN)

Loan Protocol is a decentralized, non-custodial lending platform built on the XPR Network that allows users to earn interest on deposits or borrow assets through over-collateralized loans.

• Operates on the XPR Network, enabling instant settlements and zero transaction fees for end-users.
• Utilizes a non-custodial architecture where users maintain control of their funds through integrated wallets like WebAuth.com.
• Employs a pressure-proven smart contract system to automate lending pools and track collateral ratios in real time.

What Is Loan Protocol

Loan Protocol is a Decentralized Finance (DeFi) marketplace that connects depositors and borrowers without a central mediator. Depositors provide liquidity by adding their cryptocurrency assets into specialized pools, where they accrue interest as compensation for providing capital. Conversely, borrowers can access these funds by providing collateral that exceeds the value of the loan.

The system is designed to facilitate value movement through automated liquidity pools. The LOAN token serves as the native application utility token, powering the protocol's internal mechanics and ecosystem. As the platform grows, it scales by leveraging the XPR Network infrastructure, which is designed to handle high transaction throughput and provide API flexibility for third-party application integrations.

What Makes Loan Protocol Unique

• Zero User Fees: Unlike many other protocols, the underlying blockchain infrastructure ensures that end-users do not pay transaction fees for interacting with the lending platform.
• Identity-Integrated Security: The protocol integrates with the WebAuth.com wallet, which uses biometric authentication and verified identity layers to simplify and secure the user experience.
• Cross-Chain Accessibility: Loan Protocol enables users to borrow and lend against assets from multiple blockchains that were historically difficult to access within a single decentralized environment.
• Real-Time Tracking: The platform's smart contracts provide constant monitoring of loan health and collateralization levels to maintain system stability.

What Can You Use Loan Protocol for?

• Passive Interest Generation: Users can deposit supported assets into lending pools to earn a share of the interest paid by borrowers.
• Liquidity Access: Participants can take out loans to access different cryptocurrencies without having to sell their existing holdings, allowing them to maintain their market positions.
• Over-collateralized Borrowing: Users can use their digital assets as collateral to secure loans for various decentralized applications or personal financial needs.
• Governance Participation: As the native token of the protocol, LOAN is intended to facilitate the decision-making process regarding platform updates and supported token markets.

How Does Loan Protocol Work?

The protocol operates through a series of automated smart contracts on the XPR Network. When a user deposits funds, they are pooled with others to create a market for that specific asset. Borrowers can then withdraw from these pools provided they maintain a sufficient collateral ratio.

Each market is governed by a Collateral Factor, which is a percentage that determines the maximum amount a user can borrow against their deposited value. For example, a market with a 70% Collateral Factor requires the borrower to maintain collateral worth significantly more than the borrowed amount. If the value of the collateral falls below the required threshold, the system is designed to protect lenders by liquidating the collateral to cover the debt. Because it is built on a network that rewards validators separately, the protocol functions as an application utility token environment where users do not need to manage complex protocol service fees for basic transactions.

Team Info and Investors

Loan Protocol was developed by Metallicus, Inc., a San Francisco based financial technology company. The organization focuses on building secure, compliant blockchain solutions that bridge the gap between traditional finance and decentralized technologies. While the protocol is designed for decentralized operation, its initial development and strategic direction are managed by the Metallicus team. Available source material does not specify a list of individual early-stage venture investors or institutional backers beyond the parent company.

Where can you buy Loan Protocol?

LOAN tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Loan Protocol is Metal X, where the most active trading pair LOAN/XMD has a trading volume of $107,680.30 in the last 24 hours.

What is the daily trading volume of Loan Protocol (LOAN)?

The trading volume of Loan Protocol (LOAN) is $107,680.30 in the last 24 hours, representing a -5.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Loan Protocol (LOAN)?

Loan Protocol (LOAN) reached an all-time high of $0.002788 and an all-time low of $0.0₅4107. It’s now trading -86.70% below that peak and 8,929.30% above its lowest price.

What is the market cap of Loan Protocol (LOAN)?

Market capitalization of Loan Protocol (LOAN) is $12,478,267 and is ranked #1014 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of LOAN tokens (34 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Loan Protocol (LOAN)?

The fully diluted valuation (FDV) of Loan Protocol (LOAN) is $41,890,076. This is a statistical representation of the maximum market cap, assuming total number of 110 Billion ETH tokens are in circulation today.

How does the price performance of Loan Protocol compare against its peers?

With a price decline of -9.90% in the last 7 days, Loan Protocol (LOAN) is underperforming the global cryptocurrency market which is down -5.60%, while underperforming when compared to similar Made in USA cryptocurrencies which are down -4.00%.