What Is LOAN (LOAN Protocol)?
LOAN is the governance and incentive token of the LOAN Protocol — a non-custodial decentralized lending protocol built on the XPR Network. The LOAN Protocol powers the lending markets on Metal X: the place where you can lend and borrow crypto with zero gas fees, instant transactions, and LOAN incentives on top of variable APY.
On Metal X Lending, depositors supply assets to lending markets and earn interest (variable APY plus LOAN rewards). Borrowers put up over-collateralized collateral and withdraw loans from those markets, paying interest back to depositors. All loans are secured by collateral — typically you can borrow up to a percentage of your deposited value (the Collateral Factor, often around 70% for stable assets). There is no central intermediary: smart contracts on the XPR Network match lenders and borrowers, and because XPR Network has zero gas fees, every transaction is free for users.
The LOAN token is the governance and incentive layer of this system. LOAN holders vote on protocol decisions (e.g. new market listings, emission rates, interest rate curves) at gov.xprnetwork.org. You can also stake LOAN to earn rewards and boost your governance voting power. Lenders and borrowers on Metal X Lending earn LOAN incentives on top of their APY, with rewards adjusted by market demand. You can learn more in the LOAN Protocol docs and at xprnetwork.org/loan.
Metal X Lending Markets
LOAN Protocol powers lending markets for a wide range of assets on Metal X, including XRP, XPR, USDC, BTC, ETH, HBAR, DOGE, MTL, LTC, USDT, ADA, XLM, SOL, and Metal Dollar (XMD). That means you can lend or borrow against assets from multiple blockchains in one place — with no gas fees and instant settlement on the XPR Network. Whether you want to earn yield on your crypto or borrow against your holdings, Metal X Lending is the place to do it, and LOAN is the token that governs and rewards participation.
Why Buy LOAN with Metal Pay?
Metal Pay is the easiest way to get LOAN with fiat. Use your debit or credit card in the United States, Australia, or New Zealand to buy LOAN instantly. Then send your LOAN to WebAuth Wallet and use it on Metal X: stake LOAN for rewards, vote on governance, or supply/borrow on the lending markets. Metal Pay is built by Metallicus — the same team behind Metal X and the XPR Network — so you're buying LOAN from the source.
Why Hold LOAN?
Governance — Vote on LOAN Protocol and Metal X Lending decisions: new listings, reward rates, and treasury allocation.
Staking rewards — Stake LOAN on Metal X to earn rewards and increase your governance voting power.
Lender and borrower incentives — Earn LOAN tokens when you lend or borrow on Metal X Lending, on top of variable APY.
Zero gas — All LOAN activity runs on the feeless XPR Network; no gas fees for transfers, staking, or voting.
How to Buy LOAN with Metal Pay
Create your account and add a debit or credit card.
Buy LOAN — Search for LOAN, enter an amount, and confirm. Or buy LOAN from your browser.
Use LOAN on Metal X — Send LOAN to WebAuth Wallet, then head to Metal X Lending to supply or borrow, or stake LOAN for rewards.
Get LOAN Today
Metal Pay makes it easy to buy LOAN instantly and participate in the lending markets on Metal X. Download Metal Pay on iOS or Android, then explore Metal X Lending and the LOAN Protocol docs to get started.
