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LOAN Protocol

LOAN
$0.000389
+1.40% (24h)

Market Stats

Price
$0.000389
+1.40% (24h)
Market Cap
$7.2M
Volume (24h)
$108,161.07
Supply
18.41B LOAN
FDV
$14.21M

Shariah Analysis

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Last Screening: Q1 2024

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About LOAN Protocol

LOAN Protocol is a decentralized, non-custodial lending platform built on the XPR Network, designed to revolutionize the way users interact with decentralized finance (DeFi). It enables users to lend and borrow cryptocurrencies seamlessly through liquidity pools, eliminating the need for traditional intermediaries like banks. Lenders can deposit their crypto assets into these pools to earn interest, while borrowers can access loans instantly without gas fees, thanks to the efficiency of the XPR Network. The protocol leverages smart contracts to ensure transparency, security, and real-time tracking of all transactions. Additionally, LOAN Protocol integrates with Metal X Lending, offering advanced trading features such as an order book, multiple order types (Limit, Market, Stop Loss, Take Profit), and integrated TradingView charts. The platform also introduces the $LOAN token, which serves as a governance and reward mechanism, allowing users to stake their tokens, earn interest, and participate in decision-making processes that shape the future of the ecosystem. With its user-friendly interface, robust security, and innovative features, LOAN Protocol aims to make DeFi accessible and profitable for everyone.

Consensus Mechanism

Proof of Stake