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

## Overview Loop is a lending protocol designed specifically for Ethereum carry trades, operating as a dedicated market where users can deposit liquid restaking derivatives (LRDs) and similar yield-bearing tokens as collateral to borrow ETH. The protocol addresses a specific inefficiency in DeFi: the ability to capture yield from multiple sources simultaneously without liquidating existing positions. Rather than functioning as a general-purpose lending platform, Loop targets users who hold assets like Pendle LP tokens, EigenLayer restaking positions, or other derivative tokens that generate on