Loop

Loop is a dedicated lending market for Ethereum carry trades. Users can supply a long tail of Liquid Restaking derivatives (e.g., Pendle LP tokens) as collateral to borrow ETH for increased yield and points exposure. Additionally Loop introduces a bond type basket of LRTs called the YED (Yield-backed ETH Derivative), enabling diversified restaking yield exposure. The receipt token of Loops YED is lpETH which can be staked to earn a share of platform revenue generated by borrowers.