# Ion Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ion-protocol

- Industry: Software
- Headquarters: Tortola, British Virgin Islands
- Website: www.app.ionprotocol.io
- Total disclosed funding: $4.8M
- Latest round: Seed (Aug 12, 2024)
- Investors on record: 8

## About

Based in Tortola, British Virgin Islands, and founded in 2023, Ion Protocol, Inc., a.k.a. Ion Protocol operates as a blockchain infrastructure company that provides a default yield solution for rollups and app-chains. In August 2024, Ion Protocol, Inc. raised USD 4.8 million in seed funding led by gumi Cryptos Capital, with participation from Robot Ventures, Collider Ventures, NGC Ventures, Finality Capital Partners, SevenX Ventures, Bankless Ventures, and Manifold Trading.

Ion Protocol provides a decentralized lending platform designed to support staked and restaked assets. The platform enables users to lend and borrow in markets that include various staked token types (LSTs, LRTs) and Ethereum-backed assets. The platform's architecture uses consensus layer data and zero-knowledge systems for secure, price-agnostic lending. Lenders can earn ETH yields by providing liquidity, while borrowers can enhance their stake rewards through leveraged positions.

The company plans to use its proceeds from August 2024 funding to support the launch and development of its native yield primitive called Nucleus to help address monetization problems for rollups and appchains.

## Funding rounds

- Seed, Aug 12, 2024, $4.8M — Collider, Robot Ventures, NGC Ventures, Gumi Cryptos Capital, SevenX Ventures, Finality Capital Partners, Bankless Ventures, Manifold Trading

## Investors

- Collider — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Seed
- Gumi Cryptos Capital (https://capitalatlas.ai/funds/gumi-cryptos-capital) — Seed
- SevenX Ventures (https://capitalatlas.ai/funds/sevenx-ventures) — Seed
- Finality Capital Partners (https://capitalatlas.ai/funds/finality-capital-partners) — Seed
- Bankless Ventures (https://capitalatlas.ai/funds/bankless-ventures) — Seed
- Manifold Trading — Seed