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Ion Protocol

Ion Protocol is a decentralized money market purpose-built for all types of staked and restaked assets. Ion protocol unlocks capital efficiency for yield-bearing staking collaterals using reactive interest rates, collateral-specific utilization, and price-agnostic liquidations. Borrowers can collateralize their yield-bearing staking assets to borrow WETH, and lenders can gain exposure to the boosted staking yield generated by borrower collateral.

Documentation

To learn more about Ion Protocol without code, please visit:

• Our website

• User Docs

To learn more about the protocol's technical details, please visit:

• Audit Docs for Security Researchers

Audits

Please report any white hat findings for potential vulnerabilities to [e-mail]

• OpenZeppelin Audit December 2023

  • Full Audit Report

• Hats Finance January 2024

  • Regular Audit and Formal Verification Competition with Certora

  • Competition completed!

To engage in conversations around Ion Protocol and the staking/restaking ecosystem, please join the Discord channel or follow @ionprotocol on X.

Usage

Installing Dependencies

Install Bun

curl -fsSL https://bun.sh/install | bash 

Run Bun install for javascript dependencies

bun install

Install jq

brew install jq 

Environmental Variables

Copy .env.example to .env and add environmental variables.

MAINNET_RPC_URL=https://mainnet.infura.io/v3/
MAINNET_ARCHIVE_RPC_URL= # Archive node used for creating fork environments 
MAINNET_ETHERSCAN_URL=https://api.etherscan.io/api
ETHERSCAN_API_KEY=
RPC_URL= # RPC of the desired testnet used in deployment scripts

Test

1. The test suite includes fork tests that require foundry ffi.

2. Add RPC_URLs to the .env and run forge test with the --ffi flag.

forge test --ffi 

Testnet Setup

1. Set up anvil as a mainnet fork.

   • For the contracts using mainnet contract addresses as constants to work properly, the testnet needs to be a fork of a mainnet environment.

   anvil --fork-url $MAINNET_ARCHIVE_RPC_URL --chain-id 31337

2. Set anvil as the target RPC for the deployment script in .env

   # ...other environmental variables 
   RPC_URL=http://localhost:8545 
   

3. Run the testnet deployment script

   bash node.sh 

4. Run the foundry script to verify that the contracts are working properly.

   forge script script/__TestFlashLeverage.s.sol --rpc-url $RPC_URL 

Format

$ forge fmt