ION has reached cooperation with Lido, Swell and other agreements to provide lending solutions for LRT assets without the need for oracles.

ION released the Restake ecological map, which will support the integration of LRT assets such as Lido, Puffer, Renzo, Kelp, Etherfi, Frax, Swell, and Stader, providing a lending solution for LRT assets without the need for oracles or prices, while also bringing greater restake mining profits to users. Currently, Lido and Swell have announced their partnership with ION.

As a DeFi lending platform that uses zkml node monitoring technology, ION can collateralize re-staked assets without relying on prices and liquidity. This feature introduces a trust layer monitoring solution for Eigenlayer's AVS nodes, expanding the DeFi scene for LRT assets.

It is reported that the ION Protocol was founded by former employees of Blockchain Capital and completed a $2 million Pre-Seed round of financing in July 2023.